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Lafayette Federal Credit Union: Savings & CD Rates

Man reaching into glass jar labeled savings

Lafayette Federal Credit Union Rates

Lafayette Federal Credit Union CD Rates Logo

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*MinimumAPY**
7-month term***$5000.70%
1-year term$5000.80%
2-year term$5000.90%
3-year term$5001.01%
4-year term$5001.16%
5-year term$5001.26%

*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

TierMinimumAPY*
$0 - $2,499$2,500**0.00%
$2,500 - $24,9990.05%
$25,000 - $149,9990.15%
$150,000+0.30%

*APY=Annual Percentage Yield.
**Plus the cost of checks.

LFCU Savings Rates

AccountMinimumAPY*
Share Savings$500.10%
IRA Savings$500.50%
Preferred Savings up to $19,999$500.20%
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

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 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.

Lafayette Federal Credit Union Contact Info

Phone Support

Toll-Free

+1 (800) 888-6560

Lost Card?

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

Frequently Asked Questions

Lafayette Federal Credit Union Routing Number is: 254074811

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.

Jason Caudill, MBA

Jason Caudill, MBA

Jason is passionate about annuities and the important role they can play inside a retirement portfolio. He's distributed more than $1.5 Billion in annuities over a 17-year career; serving in many roles, including RVP at the largest independent Annuity Brokerage Firm, VP of Marketing at a top Insurance Company, and Regional Director in the Private Client Group at a Fortune 500 Company.

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