Business Savings Accounts
Make every dollar work harder with a savings account that grows with your business.
Build a Stronger Financial Future
Our business savings solutions can help you earn competitive returns, manage cash reserves, and prepare for future growth with confidence.
Find Your Savings Match
Select your preferences and see what account best fits your savings goals.
Savings Solutions for Every Stage of Growth
Whether you need everyday access to funds, higher returns on larger balances, or a long-term savings strategy, Lafayette Federal has a savings solution to help you reach your goals.
Business Preferred & Premier Savings Accounts
Whether you’re building a cash reserve or setting aside funds for future opportunities, our Preferred and Premier Savings Accounts help your business earn more while remaining flexible.
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Ideal For
Ideal For
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Minimum Opening Deposit
Minimum Opening Deposit
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Competitive Rates
Competitive Rates
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Minimum $100 Balance Required
Minimum $100 Balance Required
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Access Funds Anytime
Access Funds Anytime
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Deposit Additional Funds Anytime and Any Amount
Deposit Additional Funds Anytime and Any Amount
Business Premier
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Ideal For
Businesses looking to maximize earnings on larger balances
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Minimum Opening Deposit
$50,000
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Competitive Rates
Our highest savings dividend rate
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Minimum $100 Balance Required
✓
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Access Funds Anytime
✓
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Deposit Additional Funds Anytime and Any Amount
✓
Business Preferred
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Ideal For
Businesses starting to build savings reserves
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Minimum Opening Deposit
$50
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Competitive Rates
Save more, earn more with higher dividend rates on balances over $20,000
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Minimum $100 Balance Required
✓
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Access Funds Anytime
✓
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Deposit Additional Funds Anytime and Any Amount
✓
Business Money Market Accounts
Designed for businesses with larger balances, our Business Money Market Account helps you maximize excess cash while maintaining access to your funds.
- Earn up to 0.30% APY2 depending on your balance
- No maintenance fees
- No minimum balance to open
Business Certificates
When you’re ready to put your savings on a long-term growth path, our Business Certificates offer predictable returns and competitive rates.
Fixed-Rate Share Certificates
Choose your term ranging from 7 months to 5 years and lock in a fixed rate, no matter how the market fluctuates.
Variable-Rate Share Certificates
Maximize your deposit earnings with competitive rates, flexible terms, and the option to make additional deposits anytime.
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 September 23, 2026. |
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|
Account Share Savings Account |
Min. to Open $100 |
Dividend 0.10% |
APY1 0.10% |
|
Tier |
Dividend |
APY2 |
|---|---|---|
|
2APY=Annual Percentage Yield. Dividends are compounded and paid monthly 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 September 23, 2026. |
||
|
Tier $0-$9,999 |
Dividend 0.00% |
APY2 0.00% |
|
Tier $10,000-$99,999 |
Dividend 0.05% |
APY2 0.05% |
|
Tier $100,000-$249,000 |
Dividend 0.15% |
APY2 0.15% |
|
Tier $250,000 |
Dividend 0.30% |
APY2 0.30% |
Meet Your Business Banking Team
Having the right partner matters, get personalized guidance from experienced Business Banking professionals who are committed to helping you maximize savings.
Kevin Corey
Ready to Grow Your Savings?
Trusted by Local Businesses
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
FAQs
The right account depends on your savings goals, balance, and access needs. Businesses looking for flexibility may prefer a Business Preferred Savings or Share Savings Account, while those with larger balances may benefit from a Business Premier Savings or Business Money Market Account. If you’re looking for predictable long-term growth, a Business Certificate may be the best fit.
Both accounts are designed to help your business earn competitive dividends while maintaining access to your funds. Preferred Savings is ideal for businesses building their savings reserves, while Premier Savings offers our highest savings rates for businesses maintaining larger balances.
Minimum opening deposits vary by account type:
- Business Preferred Savings: $50
- Business Premier Savings: $50,000
- Business Share Savings: $100
- Business Money Market: No minimum opening balance required
Yes. Business Preferred Savings, Premier Savings, Money Market, and Share Savings Accounts provide access to your funds when needed. Business Certificates are designed for long-term savings and may be subject to early withdrawal penalties.
A Business Money Market Account combines the flexibility of a savings account with the opportunity to earn higher dividends on larger balances. It’s a great option for businesses looking to maximize excess cash while maintaining liquidity.
A Business Certificate is a savings product that allows you to earn a fixed or variable dividend rate over a specific term. Certificates are ideal for businesses that want predictable growth and don’t need immediate access to those funds.
A Fixed-Rate Share Certificate locks in your dividend rate for the entire certificate term, providing predictable returns. A Variable-Rate Share Certificate offers a rate that may change over time and allows you to make additional deposits throughout the term.
Yes. Preferred Savings, Premier Savings, Money Market, and Share Savings Accounts allow you to make additional deposits at any time. Variable-Rate Share Certificates also offer the flexibility to add funds during the certificate term.
A dedicated business savings account can help you separate operating funds from reserves, prepare for unexpected expenses, build capital for future growth, improve cash management, and earn dividends on idle funds.
Getting started is easy. Contact our Business Banking Team, schedule an appointment, visit a branch, or submit an inquiry online. We’ll help you compare options and choose the savings solution that fits your business goals.
Lafayette Federal offers competitive dividend rates, a variety of savings solutions, personalized guidance from experienced Business Banking professionals, and the flexibility businesses need to grow reserves with confidence. Whether you’re building an emergency fund, managing excess cash, or planning for future growth, we have a savings option designed to help your business succeed.
Not finding what you’re looking for? Contact us
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.
