Today's Top
Annuity Rates

5.00%
2 Year

5.90%
3 Year

6.15% Simple
5 Year

5.40%
10 Year

Lafayette Federal Credit Union: Savings & CD Rates

Lafayette Federal Credit Union CD Rates
Table of Contents
    Add a header to begin generating the table of contents
    Scroll to Top

    Lafayette Federal Credit CD Rates Reviewed

    In this guide, we will review Lafayette Federal Credit Union CD rates and compare them to the best CD rates money market, savings account, and fixed annuity rates offered by top banks and insurance companies in the United States.

    While there is a Purdue Federal Credit Union in Lafayette, IN, Lafayette FCU has served many Purdue University Students and Staff since 1935.

    APY as high as 5.15%

    Minimum Deposit as low as $500

    Term 7 Months to 5 Years

    Lafayette Federal Credit Union CD Rates

    Lafayette Federal Credit Union CDs allow you to plan out your savings by providing guaranteed returns that you can access on a set maturity date. 

    TermAPYMinimum
    7-month term34.42%$500
    1-year term4.99%$500
    2-year term4.89%$500
    3-year term4.84%$500
    4-year term4.73%$500
    5-year term4.68%$500
    Fixed-Rate Certificates

    Fixed-Rate1

    Min. to Open 

    Min. to Earn APY2

    Dividend

    APY2

     

    1Early withdrawal penalties may apply. Rates subject to change without notice. Certificates will automatically renew upon maturity unless otherwise stipulated by the member. Fixed Certificate Account dividends are compounded and paid quarterly on the first day of the next dividend period. Must establish membership with Lafayette Federal Credit Union, or be an existing member. $50 minimum balance required to open and earn 0.10% APY2 on Lafayette Federal share savings account balances. $5 minimum balance required to open and earn 0.025% APY2 on LFCU checking account balances. 2APY=Annual Percentage Yield. 37-month term Fixed-Rate Certificates are not available as an IRA.

    The rates and terms shown are effective as of June 1, 2023.

     

    Lafayette Federal Credit Union Jumbo CD Rates

    1Valid on new or existing money. Fixed-Rate Jumbo Certificates are not available as an IRA. Early withdrawal penalties may apply. Certificates will automatically renew upon maturity for the same term at the standard certificate dividend rate unless otherwise stipulated by the member. Fixed Certificate Account dividends are compounded and paid quarterly on the first day of the next dividend period. The minimum to open a Fixed-Rate Jumbo Certificate is $100,000.00. No maximum certificate amount. Must establish membership with Lafayette Federal Credit Union, or be an existing member. $50 minimum balance required to open and earn 0.10% APY2 on Lafayette Federal share savings account balances. $5 minimum balance required to open and earn 0.025% APY2 on LFCU checking account balances. 2APY=Annual Percentage Yield.

    The rates and terms shown are effective as of June 1, 2023.

     
    Fixed-Rate JumboMin. to OpenDividendAPY
    1-year term$100,000 5.05%5.15%
    2-year term$100,000 4.95%5.04%
    3-year term$100,000 4.90%4.99%
    4-year term$100,000 4.80%4.89%
    5-year team$100,000 4.75%4.84%

    Today's Best "CD-Type" Annuity Rates

    Fixed annuity rates are guaranteed for a set number of years.
    TermInsurerCompany DetailsRateAnnuity AM BestApplication
    2 Years Oceanview life and annuity logo Oceanview Life5.00%CL SundanceA-Apply
    3 YearsSecurity sentinel life logoSentinel Security5.90%CL SundanceB++Apply
    4 Years Nassau logo Nassau5.50%MyAnnuityB++Apply
    5 Years Ibexis annuity logo Ibexis 6.15% SimpleMYGA PlusA-Apply
    6 Years Equitrust annuity logo EquiTrust5.80%Certainty SelectB++Apply
    7 Years Nassau logo Nassau5.80%Platinum AssureB++Apply
    8 Years Equitrust annuity logo EquiTrust5.50%Certainty SelectB++Apply
    9 Years Clear spring life and annuity logo Clear Spring5.40%MYGA PreserveA-Apply
    10 Years Equitrust annuity logo EquiTrust5.60%Certainty SelectB++Apply
    Infographic listing the top 8 advantages of purchasing an annuity. My annuity store, inc. Logo bottom center.

    Request a CD-Type Annuity Quote

    Fill out the form below to receive a free annuity quote within 4 business hours, or use one of our annuity calculators.

    CD Rates vs Fixed Annuity Rates

    A fixed annuity, often called a CD Type Annuity, is essentially a CD that is issued by an insurance company rather than a bank.

    When deciding between a CD and a fixed deferred annuity, the amount of time you need to save should be a key factor. Let’s compare and contrast two similar versions of these products:

    Similarities

    Pros of CDs

    For short-term goals, such as a down payment on a home or a new car, a CD may prove to be a better choice. CD maturity periods can be as short as one month or as long as several years.

    Fixed Annuity Pros

    Fixed annuity earnings accumulate tax deferred and are not treated as taxable income until they are withdrawn. If you are saving for the long term like for retirement, the tax deferral may be helpful.

    What's Best for You? CD or Annuity?

    FEATURESFIXED ANNUITYCD
    Issued ByInsurance CompaniesBanks
    Investment Amount$2,000 - $1,000,000Essentially Any Amount
    Investment Term2 years - 10 years3 months - 5 years
    Interest Rates (APY)Varies by product.Varies by bank, term and investment amount.
    LiquidityUsually, 10% annually or interest earned.Almost always accumulated interest.
    GuaranteesBacked by Insurer & State Guaranty Associations.Backed by the FDIC.
    Death BenefitMay avoid probate.Probate process required.

    Today's Best CD Rates by Term

    Best 3 Month CD Rates

    Best 3-Month CD RatesAPYTermMinimum
    Signature Federal Credit Union5.55%3 Months$500
    Ponce Bank5.40%3 Months$1
    Western Alliance Bank5.41%3 Months$1

    Best 6 Month CD Rates

    Best 3-Month CD RatesAPYTermMinimum
    Signature Federal Credit Union5.55%3 Months$500
    Ponce Bank5.40%3 Months$1
    Western Alliance Bank5.41%3 Months$1

    Best 1 Year CD Rates

    BankRateTermMinimum
    All In Credit Union5.85% APY12 Months$100,000
    My eBanc5.77% APY12 Months$100,000
    State Bank of Texas5.75% APY12 Months$50,000

    Best 2 Year CD Rates

    BankRateTermMinimum
    Luana Savings Bank5.68% APY24 Months$100,000.00
    Maple Mark Bank5.40% APY24 Months$25,000.00
    Crescent Bank5.35% APY24 Months$1,000.00

    Best 3 Year CD Rates

    BankAPYTermMinimum
    Valley National Bank5.60%36 Months$500
    Bread Savings4.95%36 Months$1,500
    The State Exchange Bank4.70%36 Months$1

    Best 4 Year CD Rates

    BankAPYTermMinimum
    Bread Savings4.75%48 Months$1
    The State Exchange Bank4.50%48 Months$1
    Barclays4.45%48 Months$1

    Best 5 Year CD Rates

    BankAPYTermMinimum
    Farmers Insurance5.00%60 Months$1,000
    Schools First Credit Union4.75%60 Months$100,000
    Bread Savings4.75%60 Months$1,500

    Lafayette Federal Credit Union Contact Info

    Phone Number

    Toll-Free

    +1 (800) 888-6560

    Lost Card Your Debit Card?

    Debit: +1 (888) 918-7802
    Credit: +1 (800) 449-7728

    Frequently Asked Questions

    While not FDIC insured, State Guaranty Associations provide a safety net for their state’s annuity policyholders. These Guaranty Associations guarantee policyholders continue to receive coverage (up to the limits spelled out by state law) even if their insurer is declared insolvent. Source: “Learn to Invest, Investment Types, Annuities, Fixed Annuities.”  Financial Industry Regulatory Authority (FINRA).  Visit FINRA’s Fixed Annuities Webpage

    You can not lose money in a fixed annuity. However, guarantees are backed by the claims-paying ability of the issuing insurance company so it is important to consider an insurer’s financial rating when shopping for an annuity.

    Lafayette Federal Credit Union Routing Number is: 254074811

    Your LFCU membership gives you access to surcharge-free ATM withdrawals and account access across the nation, including locations at popular retailers such as 7-Eleven, Circle K, Costco, Publix, Dunkin Donuts, and Rite-Aid. Find a surcharge-free ATM near you.

    Disclosures

    Your savings are 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.

    Up Next in Bank Rates

    Bread Savings CD Rates Vector

    Bread Savings CD Rates Review

    Bread Savings CD rates are currently very competitive for one and two-year terms. The one year Bread Savings CD rate has a 5.20% APY.

    Get Annuity Quote

    Jason Caudill Picture standing chest up.
    NBC logo
    ABC Logo
    fox logo
    MarketWatch logo
    Investopedia logo
    CBS Logo
    My Annuity Store, Inc. Logo
    Request an Annuity Quote