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Serving members worldwide since 1935.

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
**APY=Annual Percentage Yield.
†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:

 

All Business Basic Fees Suspended through March 31, 2020

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 thank you for entrusting your business needs with Lafayette Federal, we are suspending ALL fees on our Business Basic account through March 31, 2020.

We thank you for your continued trust in Lafayette Federal. We look forward to helping your business thrive, and hope that you keep us in mind as you continue to evaluate effective and efficient solutions for your growing business.
  • 1% Checking

    Enjoy our 1.00% APY² Checking Account Bonus — earn an outstanding rate with simple terms.

    Maximize your hard-earned dollars

  • atm-cash-withdrawal

    Our members have access to Co-Op Network Shared Branches & ATMs for all basic transaction needs.

    Access branches and ATMs nationwide

  • Branch Locations

    Visit one of our eight branch locations, conveniently located in DC, Maryland and Virginia.

    Schedule a branch visit today