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High-Yield Certificate Accounts

With rates as high as 5.09% APY² it’s an easy way to save more over time.

Lock in your rate and watch your money grow.

Certificates give you the power to save more and reach life-changing goals over time. With rates as high as 5.09% APY2, you can feel good about stashing money away for the future.

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Nation-leading dividends

Grow your money faster with some of the best dividends in the country. Pick from our great fixed, variable, and jumbo certificates.

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Federally Insured by the NCUA

No matter what happens in the market, your funds are always protected up to $250,000 by the NCUA.

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Earnings over time

Ever heard that slow and steady wins the race? The longer you lock in your rate, the more rewards you reap.

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Terms designed for you

With terms of up to five years, you can choose one that best suits your goals and plan for the next stage in your life.

We’ve got some great options for you.

Fixed-Rate Certificate Accounts

Get higher dividends when you lock in your rate over time. Secure your money for as long as five years or as short as seven months.

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Fixed-Rate Jumbo Certificate Accounts

Take advantage of our NEW Jumbo Certificate, maximized with premium interest rates, to give your hard-earned savings a boost. Fast track your wealth with minimum effort and little risk.

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Variable-Rate Certificate Accounts

Deposit as little as $50 and earn more with competitive variable rates. From 18-month to 5-year options, you can make additional deposits at any time to boost your earnings.

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IRA Certificates

Prepare for your retirement and open a variable or fixed-rate IRA certificate with the same benefits as our other certificates. Start saving for your ‘someday’ with some of the highest dividend rates we have to offer.

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View Our Certificate Rates

Discover the benefits of saving (and earning) with Lafayette Federal.

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 July 1, 2024.

Fixed-Rate1

7-month term3

Min. to Open 

$500

Min. to Earn APY2

$500

Dividend

4.30%

APY2

4.37%

Fixed-Rate1

1-year term

Min. to Open 

$500

Min. to Earn APY2

$500

Dividend

4.95%

APY2

5.04%

Fixed-Rate1

2-year term

Min. to Open 

$500

Min. to Earn APY2

$500

Dividend

4.70%

APY2

4.78%

Fixed-Rate1

3-year term

Min. to Open 

$500

Min. to Earn APY2

$500

Dividend

4.45%

APY2

4.52%

Fixed-Rate1

4-year term

Min. to Open 

$500

Min. to Earn APY2

$500

Dividend

4.35%

APY2

4.42%

Fixed-Rate1

5-year term

Min. to Open 

$500

Min. to Earn APY2

$500

Dividend

4.25%

APY2

4.32%

Fixed-Rate Jumbo Certificate Accounts

Fixed-Rate Jumbo1

Min. to Open

Min. to Earn APY1

Dividend

APY2

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. 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 July 1, 2024.

Fixed-Rate Jumbo1

1-year term

Min. to Open

$100,000

Min. to Earn APY1

$100,000

Dividend

5.00%

APY2

5.09%

Fixed-Rate Jumbo1

2-year term

Min. to Open

$100,000

Min. to Earn APY1

$100,000

Dividend

4.75%

APY2

4.84%

Fixed-Rate Jumbo1

3-year term

Min. to Open

$100,000

Min. to Earn APY1

$100,000

Dividend

4.50%

APY2

4.58%

Fixed-Rate Jumbo1

4-year term

Min. to Open

$100,000

Min. to Earn APY1

$100,000

Dividend

4.40%

APY2

4.48%

Fixed-Rate Jumbo1

5-year term

Min. to Open

$100,000

Min. to Earn APY1

$100,000

Dividend

4.30%

APY2

4.37%

Variable-Rate Certificates

Variable-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. Variable 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.

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

Variable-Rate1

18-month term

Min. to Open

$50

Min. to Earn APY2

$50

Dividend

4.30%

APY2

4.37%

Variable-Rate1

3-year term

Min. to Open

$50

Min. to Earn APY2

$50

Dividend

4.25%

APY2

4.32%

Variable-Rate1

5-year term

Min. to Open

$50

Min. to Earn APY2

$50

Dividend

4.00%

APY2

4.06%

IRA Fixed-Rate Certificate

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.

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

Fixed-Rate1

1-year term

Min. to Open

$500

Min. to Earn APY2

$500

Dividend

4.95%

APY2

5.04%

Fixed-Rate1

2-year term

Min. to Open

$500

Min. to Earn APY2

$500

Dividend

4.70%

APY2

4.78%

Fixed-Rate1

3-year term

Min. to Open

$500

Min. to Earn APY2

$500

Dividend

4.45%

APY2

4.52%

Fixed-Rate1

4-year term

Min. to Open

$500

Min. to Earn APY2

$500

Dividend

4.35%

APY2

4.42%

Fixed-Rate1

5-year term

Min. to Open

$500

Min. to Earn APY2

$500

Dividend

4.25%

APY2

4.32%

IRA Variable-Rate Certificate

Variable-Rate*

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. Variable 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.

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

Variable-Rate*

18-month term

Min. to Open

$50

Min. to Earn APY2

$50

Dividend

4.30%

APY2

4.37%

Variable-Rate*

3-year term

Min. to Open

$50

Min. to Earn APY2

$50

Dividend

4.25%

APY2

4.32%

Variable-Rate*

5-year term

Min. to Open

$50

Min. to Earn APY2

$50

Dividend

4.00%

APY2

4.06%

Frequently Asked Questions

A certificate or share certificate is more commonly referred to as a certificate of deposit (CD) in the banking world. Here are some commonly asked questions to help you understand certificates.

A Share certificate (certificate) is a type of savings vehicle offered by credit unions that allows you to deposit a sum of money for a fixed period, in return for a fixed interest rate. Credit Unions also offer variable rates. They are like savings accounts and can be a great way to earn a higher return on your investment.

Certificates can be a great way to earn a higher return on your investment. They are safe, federally insured, and offer a fixed return on your investment, making them a great option for those looking for a low-risk investment. Before investing your money, make sure to understand the terms and penalties associated with your certificate and consult with a credit union representative to see if it’s the right investment tool for you.

Share Certificates can indeed offer both fixed and variable rates, depending on the terms and options provided by the specific credit union or financial institution. Here’s a brief overview of both:

    • Fixed-Rate Share Certificates: These certificates offer a stable, unchanging interest rate for the entire term of the certificate. With a fixed-rate Share Certificate, you know exactly how much interest you’ll earn over the duration of the certificate because the rate remains constant. This option is ideal for those who prefer a predictable return on their savings.
    • Variable-Rate Share Certificates: In contrast, variable-rate Share Certificates come with interest rates that can change during the certificate’s term. The rate is often tied to a specific financial index or benchmark, which means it can go up or down based on market conditions. While this option may offer the potential for higher returns, it also carries more uncertainty.

So, in summary, Share Certificates can indeed have both fixed and variable rates, and the choice between the two depends on your financial goals and risk tolerance. It’s important to carefully review the terms and conditions offered by your credit union to determine which type of Share Certificate aligns with your needs and preferences.

CDs and Share Certificates only have one difference.

Share Certificates are a product offered by credit unions

CDs are offered by banks

At a credit union, you earn dividends on your money; at a bank, you earn interest.

As a credit union member, you can acquire a Share Certificate by opening an account with your credit union and depositing money into it for a fixed or variable period. The interest rate and term can vary based on your credit union’s offerings.

At Lafayette Federal Credit Union, our certificate rates are one of the highest in the industry. You can earn up to 5.61% APY². Begin your application by clicking the URL link here: https://www.lfcu.org/personal/certificates/#

Options at Maturity: When the CD matures, you have several choices:

Roll Over: You can choose to renew the CD for another term, often at the current market rate. This means your money continues to earn interest in a new fixed-rate CD.

Withdraw: You can take the money out of the CD and use it for your needs. However, if you withdraw before the CD’s maturity date, you might incur penalties and lose some of the interest you’ve earned.

Change Terms: Some banks allow you to change the term of the CD at maturity, providing flexibility in your investment strategy.

A fixed-rate CD offers stability and guaranteed returns. Your interest rate remains constant, protecting your savings from fluctuations in interest rates. However, it’s essential to carefully consider the term length because withdrawing funds before maturity can result in penalties. Fixed-rate CDs are suitable for individuals who want a low-risk, predictable way to grow their savings over a specific period.

Not finding what you’re looking for? Contact us

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Open today with our easy online application.

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Our members say the nicest things.

The entire LFCU staff are personable, professional, and exceed outstanding customer service. For over twenty years, I have been a member and accustom to the professional teams’ product and financial services knowledge and expertise. I appreciate the teams’ attention to detail, great communication skills, and pleasant disposition. I am impressed with the level of services I receive regarding savings account, mortgage re-financing, investments in share certificates, to name a few. Overall, on a scale of 1 to 10, I rate LFCU 10. Thank you for your outstanding service.

Edith B.

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.