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.
Cooperative
Credit Unions are financial cooperatives. That means we work together toward one common goal– helping our members prosper.
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.
Member Owned
Each member can exercise their voting rights to fill seats on the Board of Directors. The directors advocate for membership.
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.
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.
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.
|
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 $500 per month for three consecutive months within the quarter. 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 September 1, 2024. |
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|
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% |
|
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 September 1, 2024. |
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|
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% |
|
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 September 1, 2024. |
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|
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.
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.
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.
Conference Centers
Our newly designed conference centers are available for meetings, seminars and more.
Get started today.
Schedule a virtual appointment, reach out via phone or email, or open an account online.
Call 301-929-7990
Email membership@lfcu.org
Back to top 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.
