New Business Performance Account
The new Lafayette Federal Business Performance account comes with a variety of perks and benefitsOpens in New Window to enhance your business banking needs, including:
- 1.00% APY** Business Checking account
- Discounted services
- Free services such as Bill Pay
Along with these new features comes a streamlined rate and fee structure, designed to simplify your Business Banking at Lafayette Federal. Please take a moment to review the full Business Fee ScheduleOpens in New Window.
Compare Lafayette Federal Business Accounts
| • | Business Basic | Business Performance† |
|---|---|---|
| Monthly Maintenance | $5 or $0* | $20 |
| Transactions | First 50 Free | Unlimited |
| Dividend Returns | Dividends on Certificate Products | 1.00% APY** on Checking |
| Per Item Charge | $.35 per after 50 items | None |
†For eligibility to become Business Performance member, the business must have at least one of the following: LFCU Business Credit Card or Line of credit, or a Lafayette Federal Business Service product (Remote Deposit Capture, ACH SmartPay, Paychex Payroll, or FirstData Merchant Services)
Multiple Ways to Waive the Business Basic Maintenance Fee
*Lafayette Federal Business Basic account holders can waive the $5 monthly fee by meeting just one of the following criteria:
- Maintain an average monthly checking balance of $500 or greater
- Open a Lafayette Federal Business Credit Card or Line of Credit
- Use one or more Lafayette Federal Business Service products (Remote Deposit Capture, ACH SmartPay, Paychex Payroll, or FirstData Merchant Services)
All Business Basic Fees Suspended through April 30, 2021
We know fees can hurt the bottom line, and understand that businesses across the country, including many of our business members, have been impacted by the COVID-19 pandemic. To continue supporting our local businesses, and to thank you for entrusting your business needs with Lafayette Federal, we are suspending ALL fees on our Business Basic account through April 30, 2021. Please note that the first charges will post May 1, 2021.
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Enjoy our 1.00% APY² Checking Account Bonus — earn an outstanding rate with simple terms.
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Our members have access to Co-Op Network Shared Branches & ATMs for all basic transaction needs.
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