Lafayette Federal Checking + Cash Card

Manage your everyday spending PLUS earn more on your deposits
up to 2.02% APY¹
LFCU Mastercard Debit Card

Not a regular 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.

Lafayette Federal High-Yield Checking

Take advantage of our new 2.02% APY1 High-Yield Checking on balances up to $25,000 with a monthly qualified direct deposit of $500 or more.3

Checking Accounts


Min. to Open 



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.


All Balances

Min. to Open 

$5 2






$0 – $25,000

Min. to Open 

$5 2


2.00% High-Yield3



Frequently Asked Questions

A high-yield checking account is a type of checking account offered by some financial institutions, such as banks and credit unions, that provides a higher interest rate or yield compared to the national average of traditional checking accounts. These accounts are designed to help account holders earn more interest on their deposited funds while still offering the convenience of a standard checking account for everyday transactions.

Lafayette Federal Credit Union offers a high-yield checking account at 2.02% APY(Annual Percentage Yield)– a premium rate over 25 times higher than the national average based on the national average of 0.08% APY for comparable checking account rates as published in the FDIC Weekly National Rates and Rate Caps as of May 20, 2024.

It depends on your financial goals. Some things to consider when evaluating a high-yield checking account are:

  • Interest Rate or Annual Percentage Yield (APY)
  • Fees and Balance Requirements
  • Your Spending Habits
  • ATM Access and Surcharge fees
  • Direct Deposit Access
  • Additional Services or Features

Both options offer you higher APY compared to your traditional checking and savings products. There are distinct differences to be made aware of before making a decision.

A savings account is designed for you to save for your financial goals and future. You can save over time and track your savings daily, weekly, and monthly and place it in an account where you do not plan to withdraw the funds frequently.

A checking account is designed for you to use to pay bills, conduct your daily spending, deposit and withdraw funds, send ACH transfers or wires, and more.

So, if you plan to spend money daily while earning interest on your transactions and daily balance quarterly choose a high-yield checking account. If you plan to save money and want to earn interest quarterly only withdraw the funds when you reach a savings goal choose a high-yield checking account.


Not finding what you’re looking for? Contact us

hands with mobile device

Open your 2% Checking Account today.

Open today with our easy online application.

Open My Account

Card benefits and features, designed for you.

Request a Mastercard® Debit Card when you open your checking account to take advantage of the following benefits:

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Instant Access & Transactions

Enjoy instant access to your funds and a hassle-free banking experience. Effortlessly manage your finances, make purchases, and access cash whenever you need it.

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Account and Card Alerts

Stay on top of your account, debit card, and credit card activity with Lafayette Federal’s account alerts! Register for a range of customizable alerts, and receive a text message or email on your account activity. Learn more about our Mobile Banking features.

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Mobile Payments

Link your card with popular mobile payment platforms like Zelle, Cash App, and Venmo. Enjoy the convenience of transferring money to friends and family, splitting bills, and making secure peer-to-peer transactions instantly.

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Online Account Management

With our fully-upgraded Online Banking & Mobile App, you’ve got complete control of your finances, all in one place. Enjoy new and improved features in our up-to-date platform. Learn more about our Online Banking.

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Enhanced Card Security

Take advantage of security features, including fraud protection and EMV chip cards, ensuring the safety of your transactions. In case of a lost card or travel plans, contact for prompt support.

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Instant Issue & Personalized Service

Access one-on-one support online, over the phone, or stop by one of our branch locations. Take advantage of in-branch instant card issue and receive new card on the spot, ensuring uninterrupted access to your funds.

Shop & pay for purchases with the mobile device of your choice.

Use Apple, Google, or Samsung PayTM on your compatible device to pay in stores without opening your wallet. Plus, make in-app purchases without entering payment and contact information. Here’s how to get started:

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Download Apple, Google, or Samsung Pay

Enter the requested information before calling the provided phone number to validate your debit card.

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Find your most recent transaction

To complete enrollment, you’ll be asked to verify the most recent transaction on your debit card — so be sure to have that handy. This part of the process takes 5 to 10 minutes to complete.

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You’re all set!

After you provide the merchant name and the amount, your card will be verified and ready to make purchases online and in person.

Maximize your banking potential with our account advantages.

30,000+ Surcharge-Free ATMs and 5,000+ Shared Branches

With the CO-OP network, you have access to an extensive network of over 30,000 surcharge-free ATMs worldwide including locations at popular retailers such as 7-Eleven, Royal Farms, Wawa, Costco, Dunkin Donuts and Rite-Aid.

Plus, with our shared branch network, you can conduct your Lafayette Federal banking in more than 5,000 shared branches, accessible in every state across the country, and around the world. Learn more about shared branches.

woman using a surcharge free atm

Relationship Checking Tiers

Our Relationship Checking program rewards those members who choose to maximize their financial relationship with us.

If you have a checking account with direct deposit, you may qualify for an attractive package of rewards. View our Relationship Checking Tiers.

business owner depositing a check

Federally-Insured Funds

Stress less knowing your money is protected.

Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency backed by the full faith and credit of the U.S. government.

vault safe protection

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.


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.