Business Rates

Checking Accounts

Business Basic Checking

Business Basic Checking

1Lafayette Federal Business Basic account holders can waive the $5 monthly fee by meeting just one of the following criteria: (1) Maintain an average monthly checking balance of $500 or greater (2) Open a Lafayette Federal Business Credit Card or Line of Credit (3) Use one or more Lafayette Federal Business Service products (Remote Deposit Capture, ACH SmartPay, Paychex Payroll, or FirstData Merchant Services)

Business Basic Checking

Minimal Opening Balance

$100

Business Basic Checking

Monthly Maintenance

$5 or $01

Business Basic Checking

Transactions

First 50 Free

Business Basic Checking

Dividend Returns

Dividends on Certificate products

Business Basic Checking

Per Item Charge

$0.35 per item after 50 items

Business Basic Checking

Bill Pay

$5.00

Business Performance Checking

Business Performance Checking

For more information on how your business can meet eligibility for Business Performance Checking, please contact Lafayette Federal’s Business Banking team at businessbanking@lfcu.org 2APY=Annual Percentage Yield

Business Performance Checking

Minimum Opening Balance

$1,000

Business Performance Checking

Monthly Maintenance

$20

Business Performance Checking

Transactions

Unlimited 

Business Performance Checking

Dividend Returns

1.00% APY2 on Checking

Business Performance Checking

Per Item Charge

None

Business Performance Checking

Bill Pay

Free

Saving Accounts

Business Money Market Accounts

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 May 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%

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