Employee Benefit Options
Workplace Checking
LSB's Workplace Checking program is a value added program for YOU and YOUR EMPLOYEES!
For YOU, Workplace Checking:
Is an employee retention tool. In the competitive corporate environment, it's difficult to attract and retain good employees. So, it's often the "other" benefits employer's offer that will appeal to employees.
Is FREE! There is no cost for you to offer the program.
Provides administrative efficiencies! Direct deposit means no more checks to process and cut!
For YOUR EMPLOYEES, they receive discounted banking products just for being employed by your business! The benefits include:
No minimum daily balance requirement on LSB's Workplace Checking Account. 1 This means your employees will not pay monthly service fees for their checking, regardless of their account balance.
LSB's Workplace Checking is packed with all the features of LSB's Presidential Checking Account, including 150 FREE checks, FREE online banking, FREE bill pay, FREE phone banking, FREE research, FREE image statement with binder, and available overdraft protection.
They receive a minimum 0.25% APR discount on their next vehicle, boat or RV loan! 2
They will enjoy the added income on CD deposits because they receive a 0.25% APR premium on LSB's regular CD rate.3
This program was created to reward businesses like yours for being valued clients of LSB! Contact your trusted LSB business partner to find out more about the program and sign up today!
Health Savings Accounts
Is the rising cost of Health Care Insurance making it hard to offer competitive benefits? Reducing your health care insurance expense might be easier than you think!
Introduced in 2006, Health Savings Accounts are becoming a popular alternative to traditional insurance coverage. To learn more about how a Health Savings Account works, CLICK HERE.
Contact LSB to determine if Health Savings Accounts are a viable solution to help reduce expenses for your business benefit plan!
1 $100 Minimum Deposit required to open the account.
2Officer discretion applies, and some loans may receive a rate discount greater than 0.25% APR. All loans subject to credit approval. No other promotions or discounts apply.
3 The 0.25% APR Premium is for Certificates of Deposit equal to or greater than $5,000. No other promotions or discounts apply. Does not apply to CD Specials.
