Open your no-minimum-balance checking account, set up direct deposit, and then make your first qualified direct deposit of $500 or more2, and we’ll drop $85 directly into your brand-new checking account!1
Members who open or have an established checking account and initiate direct deposit within a calendar month, and then make a qualified direct deposit by the final day of the following calendar month, will receive an $85 deposit into their checking account by the second Monday of the calendar month following the initial qualified direct deposit. 2
Qualified direct deposit is a recurring direct deposit of a paycheck, pension, Social Security or other periodic payment of at least $500 into a checking account on a month-to-month basis made by an outside organization or agency. Offer valid for current members only. Offer ends December 31, 2021. $50 minimum balance required to open and earn 0.10% APY (APY = Annual Percentage Yield) on Lafayette Federal share savings account balances. $5 minimum balance required to open and earn 1.03% APY on LFCU checking account balances up to $25,000 and 0.025% APY on checking balances over $25,000. Please visit LFCU.ORG/1PERCENT
for full checking account requirements. If checking account is closed within six months of receiving the promotional deposit, the deposit will be deducted from account. Rates current as of January 1, 2021 and subject to change without notice. Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government. Lafayette Federal is an equal opportunity lender.