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:
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.
|•||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|
*Lafayette Federal Business Basic account holders can waive the $5 monthly fee by meeting just one of the following criteria:
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.
Enjoy our 1.00% APY² Checking Account Bonus — earn an outstanding rate with simple terms.
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We're excited to announce that our NEW classic vehicle and restoration loans are available now!
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Our members have access to Co-Op Network Shared Branches & ATMs for all basic transaction needs.
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