Business Rates
Checking Accounts
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Business Basic Checking |
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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) |
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Business Basic Checking Minimal Opening Balance |
$100 |
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Business Basic Checking Monthly Maintenance |
$5 or $01 |
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Business Basic Checking Transactions |
First 50 Free |
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Business Basic Checking Dividend Returns |
Dividends on Certificate products |
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Business Basic Checking Per Item Charge |
$0.35 per item after 50 items |
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Business Basic Checking Bill Pay |
$5.00 |
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Business Performance Checking |
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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 |
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Business Performance Checking Minimum Opening Balance |
$1,000 |
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Business Performance Checking Monthly Maintenance |
$20 |
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Business Performance Checking Transactions |
Unlimited |
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Business Performance Checking Dividend Returns |
1.00% APY2 on Checking |
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Business Performance Checking Per Item Charge |
None |
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Business Performance Checking Bill Pay |
Free |
Saving Accounts
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Tier |
Dividend |
APY1 |
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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 April 1, 2024. |
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Tier $0-$9,999 |
Dividend 0.00% |
APY1 0.00% |
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Tier $10,000-$99,999 |
Dividend 0.05% |
APY1 0.05% |
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Tier $100,000-$249,000 |
Dividend 0.15% |
APY1 0.15% |
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Tier $250,000 |
Dividend 0.30% |
APY1 0.30% |
Looking for business lending rates?
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