AOAExcel introduces new financial products from Laurel Road to benefit AOA members
Members of the American Optometric Association looking to improve their financial health will now have access to three new products aimed at doctors of optometry. These three new products from AOAExcel’s long-time business partner Laurel Road include High Yield Savings, Linked Checking, and a Student Loan Cashback credit card.
“These three new financial products will continue AOAExcel’s quest to provide resources that allow our members to practice and flourish with confidence” said AOAExcel Chairman of the Board Samuel Pierce, O.D. “Laurel Road has built trust with AOA members through refinancing of student loans and we are looking forward to seeing that relationship continue to develop through these new offerings.”
"As financial planning becomes an even more important focus for medical professionals, Laurel Road is confident that these new products will provide AOA members with valuable options as they chart their financial roadmap going forward" added Janet Fields, Head of Business Development and Partnerships at Laurel Road.
With a high yield savings account, ODs can more easily plan for the future. AOA members qualify for $0 cost to open and receive a $100 cashback bonus for opening an account.
When ODs refinance their student loans with Laurel Road, they will now have access to a Laurel Road Linked Checking SM account to qualify for additional rate reductions. AOA members will automatically qualify for an introductory 0.25% off interest rate for the first three months (in addition to the AOA discount). After three months with a funded account, the interest rate discount will vary based on the OD’s savings account balance. AOA members could potentially lower their student loan refinancing rate by up to 0.55%.
The Student Loan Cashback Card allows AOA members to chip away at student loans by making everyday purchases. This is the first credit card that lets holders redeem 2% cashback towards student loans with any eligible student loan servicer or redeem 1% cashback towards anything else. AOA members are eligible for a $100 cash bonus for opening an account.
AOAExcel (aoa.org/AOAExcel) is a member-benefit of the American Optometric Association that helps doctors of optometry practice smarter and more efficiently in both their personal and professional lives with AOAExcel’s proven tools of success. AOAExcel offers multiple products and services through their endorsed business partners, including a career center job board exclusively for optometrists, malpractice & other business insurance, vendor discounts, retirement planning, life/disability insurance, student loan refinancing, merchant processing, and HIPAA compliance.
Laurel Road is a digital banking platform and brand of KeyBank that provides tailored solutions to support the financial wellbeing of healthcare and business professionals. Laurel Road’s banking and lending solutions include student loan refinancing personal loans, tailored savings accounts, and more.
The AOA Business Card’s latest feature gives optometry practice owners even more flexibility and provides independence for colleagues and partners.