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Lafayette Federal High-Yield Checking Account

Manage your everyday spending PLUS earn more on your deposits

Not your average 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 Your Checking Account in Minutes!

You will need the following information in order to open your account:

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Check your eligibility to confirm that you’re in our field of membership.

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Personal Identification

Have your government issued ID, driver’s license/State ID, or Passport with current address ready.

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Your Address

Make sure to have your physical and mailing address on hand.

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Your SSN & Date of Birth

We’ll also need other identifying information such as your Social Security Number and Date of Birth to verify your new account.

Lafayette Federal High-Yield Checking Account

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 $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 July 1, 2024.


All Balances

Min. to Open 

$5 2






$0 – $25,000

Min. to Open 

$5 2


2.00% High-Yield3



Bank Wherever You Are

At Lafayette Federal Credit Union we serve, support and empower our members by providing products and services from the convenience of our mobile-app, in-person at a branch location, or by calling our contact center. We give you the power to control your accounts wherever you go.

Manage Your Cards Securely

Protecting your card should be simple. That’s why we give our members the tools to add transaction alerts, block your card if you see suspicious activity and more.

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Mobile Deposit

Instead of walking into a branch or visiting a check cashing store, simply deposit your check using our mobile banking app using remote deposit. You can track pending deposits, rejected, or posted checks right from the convenience of your home.

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Track Your Weekly Spending

Tracking your expenses should be easy. So, we summarize all of your transactions for you to see whenever you login. Track weekly, monthly, and yearly expenses for budgeting purposes, tax season, savings goals and more.

Online Banking Screenshot of transaction activity and spending

Move Your Money Quickly

You can move your funds between your Lafayette accounts, send money to family or friends by syncing your phone contacts. send money to yourself at another financial institution securely, withdraw money from another financial institution, transfer funds via wire (fees apply), and more.

send money to friends or family
alerts or block cardmake a mobile depositOnline Banking Screenshot of transaction activity and spendingsend money to friends or family

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.

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.


Fill out our Direct Deposit Authorization form to get started.

Not finding what you’re looking for? Contact us

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Open your 2% Checking Account today.

Open today with our easy online application.

Open My Account

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.