Business Savings Accounts
Designed to help maximize the future of your business.
Grow your business with our high-yield savings.
It’s time for a more business-friendly alternative to the high fees you’re used to getting at regular banks.
Find the account that works best for your business.
Select all that apply and scroll down to view your account options.
Business Savings Accounts
No matter what business you’re in, we have something for you. Earn dividends from the date of deposit to the date of withdrawal. Then, the dividends are compounded and paid out each quarter so you can grow your business over time.
Preferred Savings
• Must be opened with a minimum deposit of $100
• Subsequent deposits can be made in any amount
• A minimum balance of $100 is required
Premier Savings
• Earn more dividends when you save more
• Must be opened with a minimum deposit of $100
• Subsequent deposits can be made in any amount
• A minimum balance of $100 is required
Today’s rates
|
Account |
Min. to Open |
Dividend |
APY1 |
|---|---|---|---|
|
1APY=Annual Percentage Yield. Dividends are compounded and paid quarterly on the first day of the next dividend period. Dividend Rates and APYs are variable and are subject to change. Certain fees and charges may apply to your account as disclosed in the current Schedule of Fees. Assessed fees may reduce earnings. The rates and terms shown are effective as of August 1, 2024. |
|||
|
Account Share Savings Account |
Min. to Open $100 |
Dividend 0.10% |
APY1 0.10% |
|
Tier |
Dividend |
APY1 |
|---|---|---|
|
1APY=Annual Percentage Yield. Dividends are compounded and paid quarterly on the first day of the next dividend period. Dividend Rates and APYs are variable and are subject to change. Certain fees and charges may apply to your account as disclosed in the current Schedule of Fees. Assessed fees may reduce earnings. The rates and terms shown are effective as of August September 1, 2024. |
||
|
Tier $0-$9,999 |
Dividend 0.00% |
APY1 0.00% |
|
Tier $10,000-$99,999 |
Dividend 0.05% |
APY1 0.05% |
|
Tier $100,000-$249,000 |
Dividend 0.15% |
APY1 0.15% |
|
Tier $250,000 |
Dividend 0.30% |
APY1 0.30% |
Businesses LOVE banking with Lafayette Federal.
The staff at Lafayette Federal Credit Union are always available for you. They have been with us every step of operating our business and bend over backwards to make sure what’s needed is done. We love that we know who to call and that our questions are answered with enthusiasm and expertise.
Mamma Lucia Italian Restaurant
Meet with a Business Officer to get started.
Contact our Business Development Representative for assistance opening your account. They’re happy to answer any questions that you may have!
Ashley West
Michelle Michel Ramirez
There’s even more to explore.
Business Checking Accounts
Get quality service and banking to support your business finances everyday. Both checking accounts offer our Mastercard® Debit Card, free e-statements, and highly competitive rates.
Business Credit Card
Increase your purchasing power with a Business Credit Card and earns travel rewards with no blackout dates on any airline!
Ready to open an account?
Monday-Friday 8:30am – 4:00pm
Audio Response 24/7
301-929-7990
1-800-888-6560 (toll-free)
Back to top Disclosures
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
