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Earn More With Our High Yield Accounts

You aren’t average, neither are we. Earn more than the national average with us.

The Credit Union Difference

At Lafayette Federal Credit Union we want to see you one step closer to higher earnings. Bank with us to experience the credit union difference.

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Cooperative

Credit Unions are financial cooperatives. That means we work together toward one common goal– helping our members prosper.

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Not-for-profit – Fewer fees, lower rates

As a not-for-profit financial cooperative, we return our profits to our members in the form of better rates, lower fees and greater service.

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Member Owned

Each member can exercise their voting rights to fill seats on the Board of Directors. The directors advocate for membership.

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Anyone can earn with our High Yield Checking Account.

Enjoy simple terms and an outstanding rate with our 2.02% APY³ Checking– a premium rate over 28 times higher than the national average.

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Earn more with our High Yield Savings Account.

There’s more to saving money. That’s where the Lafayette Federal Premier Savings and Preferred Savings accounts come in. Earn up to 4.99% APY¹ on balances up to $50,000.

Open My Account

High-Yield Savings and Checking Account Rates

Discover the benefits of saving (and earning) with Lafayette Federal.
Open Your High Yield Checking Account.
Open Your High Yield Savings Account.

Checking Accounts

Balance

Min. to Open 

Dividend

APY1

1APY=Annual Percentage Yield. 2Plus cost of check style selected. 3The high-yield bonus dividend rate of 2.02% APY is for primary checking balances up to $25,000, and is in addition to the base rate of 0.025% APY. Total APY earned is 2.04% APY. Business Checking Accounts are excluded. To earn the 2.02% APY bonus rate, member must maintain at least one (1) qualified direct deposit of at least $500 per month. Qualified direct deposit is a recurring direct deposit of a paycheck, pension, Social Security or other periodic payment of at least $500 into a checking or savings account on a month-to-month basis made by an outside organization or agency. Dividends are compounded and credited quarterly.

The rates and terms shown are effective as of June 1, 2024.

Balance

All Balances

Min. to Open 

$5 2

Dividend

0.025%

APY1

0.025%

Balance

$0 – $25,000

Min. to Open 

$5 2

Dividend

2.00% High-Yield3

APY1

2.02%

Preferred Savings Accounts

Balance

Min. to Open

Min. to Earn APY1

Dividend

APY1

Savings Account dividends are compounded and paid quarterly on the first day of the next dividend period. Dividend Rates and APYs are variable and are subject to change. Certain fees and charges may apply to your share account as disclosed in the current Schedule of Fees. Assessed fees may reduce earnings. 1APY=Annual Percentage Yield.

The rates and terms shown are effective as of June 1, 2024.

Balance

up to $19,999

Min. to Open

$50

Min. to Earn APY1

$50

Dividend

4.20%

APY1

4.27%

Balance

$20,000 or more

Min. to Open

$20,000

Min. to Earn APY1

$20,000

Dividend

4.50%

APY1

4.58%

Premier Savings Accounts

Balance

Min. to Open

Dividend

APY1

Savings Account dividends are compounded and paid quarterly on the first day of the next dividend period. Dividend Rates and APYs are variable and are subject to change. Certain fees and charges may apply to your share account as disclosed in the current Schedule of Fees. Assessed fees may reduce earnings. 1APY=Annual Percentage Yield. 2The Premier Savings Account is a tiered-rate account with different rates applied to the different tiers. Member must maintain at least $50,000 in the account to earn dividends on this account.

The rates and terms shown are effective as of June 1, 2024.

Balance

1st $50,000

Min. to Open

$50,000

Dividend

4.50%

APY1

4.58%

Balance

2nd $50,000

Min. to Open

Dividend

4.60%

APY1

4.68%

Balance

next $150,000

Min. to Open

Dividend

4.70%

APY1

4.78%

Balance

next $250,000.00 – $99,999,999.99

Min. to Open

Dividend

4.90%

APY1

4.99%

Visit a Branch Location

Do more with your banking relationship at Lafayette Federal Credit Union at our branch locations. Take advantage of these unique services by visiting our branch location page.

Lafayette Federal High-Yield Checking Account

Our checking account provides an opportunity for you to potentially earn over $5003 per year on balances up to $25,000, which translates to $1263 every quarter. Choose a checking account that suits your financial needs and put your money in a checking account that works for you. Open My Account.

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Lafayette Federal High-Yield Savings Account!

We believe there’s more to saving money than where you choose to deposit your funds. It’s about getting results — for your finances, your well-being, and your future. Discover the benefits of saving (and earning) with a Lafayette Federal High-Yield Savings Account and earn up to 4.99% APY¹ .Open My Account.

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Free Financial Counseling

Our certified financial counselors are here to help you get one step closer to financial freedom. We personalize your solutions to your unique fiancial goals in order to help you raise your credit score, create a budget, catch up on late payments, and help you identify ways to earn more income.

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Conference Centers

Our newly designed conference centers are available for meetings, seminars and more.

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Get started today.

Our Greenbelt branch is coming soon! In the meantime, schedule a virtual appointment, reach out via phone or email, or open an account online.

Schedule a virtual appointment
Schedule an Appointment
Contact us
Get started online
Open an Account

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Please choose one of the following options:

Questions?

Speak with a local Member Service Representative

Call us: 1 (800) 888-6560

Representatives are available 24/7 to assist you.

Disclosures

Your savings 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.