Lafayette Federal Credit Union Rates
Since 1935, Lafayette Federal Credit Union has offered a place to bank with rates and terms more favorable than those of other financial institutions.
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.
In this review, we will compare Lafayette Federal Credit Union’s money market, savings account, and CD rates to the other leading Credit Unions and Banks in the United States of America.
Table of Contents
Lafayette Federal Credit Union Rates
Lafayette Federal Credit Union Certificates of Deposit (CDs) allow you to plan out your savings by providing guaranteed returns that you can access on a set maturity date.
APY as high as 1.26%
Minimum Deposit as low as $500
Term 7 Months to 5 Years
Lafayette Federal Credit Union CD Rates
| Fixed-Rate* | Minimum | APY** |
|---|---|---|
| 7-month term*** | $500 | 0.70% |
| 1-year term | $500 | 0.80% |
| 2-year term | $500 | 0.90% |
| 3-year term | $500 | 1.01% |
| 4-year term | $500 | 1.16% |
| 5-year term | $500 | 1.26% |
*Early 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% APY** on Lafayette Federal share savings account balances. $5 minimum balance required to open and earn 0.025% APY** on LFCU checking account balances.
**APY=Annual Percentage Yield. ***7-month term Fixed-Rate Certificates are not available as an IRA. Penalties apply for early withdrawals from certificate accounts. Offering rates may change. Dividends compounded daily, credited monthly. 1
LFCU Money Market Rates
| Tier | Minimum | APY* |
|---|---|---|
| $0 - $2,499 | $2,500** | 0.00% |
| $2,500 - $24,999 | 0.05% | |
| $25,000 - $149,999 | 0.15% | |
| $150,000+ | 0.30% |
*APY=Annual Percentage Yield.
**Plus the cost of checks.
LFCU Savings Rates
| Account | Minimum | APY* |
|---|---|---|
| Share Savings | $50 | 0.10% |
| IRA Savings | $50 | 0.50% |
| Preferred Savings up to $19,999 | $50 | 0.20% |
| Preferred Savings | $20,000 | 0.30% |
*APY=Annual Percentage Yield.
**Plus the cost of checks.
Today's Best CD Rates
| Best 3 Month CD Rates |
| Bethpage Federal Credit Union |
| 0.40% APY |
| $50 Minimum |
| Navy Federal Credit Union |
| 0.40% APY |
| $1000 Minimum |
| TIAA Bank |
| 0.35% APY |
| $1000 Minimum |
| Best 6 Month CD Rates |
| Quontic Bank |
| 0.55% APY |
| $500 Minimum |
| First Internet Bank |
| 0.45% APY |
| $1000 Minimum |
| Limelight Bank |
| 0.45% APY |
| $1000 Minimum |
| Best 9 Month CD Rates |
| Navy Federal Credit Union |
| 0.50% APY |
| $1000 Minimum |
| TIAA Bank |
| 0.45% APY |
| $1000 Minimum |
| TAB Bank |
| 0.40% APY |
| $1000 Minimum |
| Best 1 Year CD Rates |
| Comenity Direct |
| 0.70% APY |
| $1500 Minimum |
| Quontic Bank |
| 0.60% APY |
| $500 Minimum |
| Live Oak Bank |
| 0.60% APY |
| $1000 Minimum |
| Best 2 Year CD Rates |
| Quontic Bank |
| 0.75% APY |
| $500 Minimum |
| Comenity Direct |
| 0.75% APY |
| $1500 Minimum |
| First Internet Bank of Indiana |
| 0.70% APY |
| $1000 Minimum |
| Best 3 Year CD Rates |
| Quontic Bank |
| 1.00% APY |
| $500 Minimum |
| Bank5 Connect |
| 0.85% APY |
| $500 Minimum |
| Pentagon Federal Credit Union |
| 0.85% APY |
| $1000 Minimum |
| Best 4 Year CD Rates |
| VyStar Credit Union |
| 0.90% APY |
| $500 Minimum |
| Suncoast Credit Union |
| 0.85% APY |
| $500 Minimum |
| First Internet Bank of Indiana |
| 0.85% APY |
| $1000 Minimum |
| Best 5 Year CD Rates |
| First Technology Federal Credit Union |
| 1.15% APY |
| $500 Minimum |
| Quontic Bank |
| 1.11% APY |
| $500 Minimum |
| Pentagon Federal Credit Union |
| 1.10% APY |
| $1000 Minimum |
Today's Best Fixed Annuity Rates
| Years | Insurer | Annuity | Rate | AM Best | Liquidity | ||
|---|---|---|---|---|---|---|---|
| 2 |  | ASPIDA | Synergy Choice | 3.55% | A- |  | |
| 3 | | ASPIDA | Synergy Choice | 4.20% | A- | | |
| 4 | 
| Nassau | Simple Annuity | 4.35% | B++ |  | |
| 5 | 
| Ibexis | Ibexis MYGA Plus | 5.10% | A- | | |
| 6 | 
| Oceanview | Harbourview | 4.80% | A- | | |
| 7 | 
| Atlantic Coast Life | Safe Harbor | 4.72% | B++ | | |
| 8 | 
| Oxford Life | Multi-Select | 4.50% | A | | |
| 9 | 
| Oxford Life | Multi-Select | 4.35% | A | | |
| 10 | 
| Sentinel Security | Personal Choice | 4.75% | B++ | | |
CD vs. Annuity Comparison Table
Fixed annuities work very much like a certificate of deposit (CD). A fixed annuity, or multi-year guaranteed annuity (MYGA), pays a set guaranteed interest rate for the entire initial guarantee period- just like a CD.
| FIXED ANNUITY | CD | |
|---|---|---|
| Issued By | Insurance Companies | Banks |
| Investment Amount | $2,000 - $1,000,000 | Essentially Any Amount |
| Investment Term | 2 years - 10 years | 3 months - 5 years |
| Interest Rates (APY) | Varies by product. | Varies by bank, term and investment amount. |
| Liquidity | Usually, 10% annually or interest earned. | Almost always accumulated interest. |
| Guarantees | Backed by Insurer & State Guaranty Associations. | Backed by the FDIC. |
| Death Benefit | May avoid probate. | Probate process required. |
Lafayette Federal Credit Union Contact Info
Phone Support
+1 (800) 888-6560
Lost Card?
Frequently Asked Questions
What is Lafayette Federal Credit Union's Routing Number?
Lafayette Federal Credit Union Routing Number is: 254074811
Are Annuities FDIC Insured?
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
Can You Lose money in a fixed annuity?
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.
