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Individual Retirement Accounts

Fixed and variable IRA certificates
Traditional and Roth IRAs
Education savings accounts

Get the most out of your retirement dollars!

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No matter how far off retirement seems to be, it's a good idea to take advantage of our IRA services.

Traditional IRAs

Annual contributions to this type of IRA may be partially or fully tax-deductible in the year in which they are made. Distributions from a traditional IRA are generally taxable upon withdrawal. To learn more, visit our IRA Service CenterOpens in New Window.

Roth IRAs

While Roth IRA contributions are not deductible during the year in which they are made, distributions can generally be taken tax-free. To learn more, visit our IRA Service CenterOpens in New Window.

IRA Savings Accounts

Variable IRA accounts: These accounts have the same features as our Variable Rate Certificate accounts mentioned above. The only difference is that they are used to save for an IRA.

IRA accounts: The IRA account is similar to our Share Savings account, with dividends compounded and paid each quarter. Dividends are earned from the date of deposit until the date of withdrawal. There is no term on this type of account.

Fixed Rate Certificate IRA accounts: These accounts have the same features as our Fixed Rate Certificate accounts mentioned above. The only difference is that they are used to save for an IRA.

Coverdell Education Savings Accounts

These accounts were created to help parents pay for the education of their dependent children. Designate an account for each child, and start saving early. Then you won't have to stress over a tuition bill when they turn 18.

Contribute up to $2,000 per tax year
Earnings will be distributed tax free if used to pay for elementary, secondary school or college education expenses.

Effective Jan 6, 2020

Fixed-Rate*	Min to Open	Min to Earn APY**	Dividend	APY**
7-month term***	$500	$500	1.75%	1.76%
1-year term	$500	$500	1.90%	1.91%
2-year term	$500	$500	2.00%	2.02%
3-year term	$500	$500	2.15%	2.17%
4-year term	$500	$500	2.25%	2.27%
5-year term	$500	$500	2.50%	2.52%

*Early 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. $50.00 minimum balance required to open and earn 0.10% APY** on Lafayette Federal share savings account balances. $5 minimum balance required to open and earn 3.03% APY** on LFCU checking account balances up to $3,000 and 0.025% APY** on checking balances over $3,000. Please visit LFCU.ORG/BIG3 for full checking account requirements. **APY=Annual Percentage Yield. ***7-month term Fixed-Rate Certificates are not available as an IRA.

Effective Jan 6, 2020

Variable-Rate*	Min to Open	Min to Earn APY**	Dividend	APY**
18-month term	$50	$50	1.65%	1.66%
3-year term	$50	$50	1.85%	1.86%
5-year term	$50	$50	2.35%	2.37%

*Early 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. $50.00 minimum balance required to open and earn 0.10% APY** on Lafayette Federal share savings account balances. $5 minimum balance required to open and earn 3.03% APY** on LFCU checking account balances up to $3,000 and 0.025% APY** on checking balances over $3,000. Please visit LFCU.ORG/BIG3 for full checking account requirements.**APY=Annual Percentage Yield.

Have Questions? Just ask.

IRA Service Center
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Full Rate Details
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Variable Certificate & IRA Accounts — dividends are compounded and paid quarterly on the first day of the next dividend period. A penalty may apply if the certificate is redeemed prior to maturity. Certificates will automatically renew upon maturity unless otherwise stipulated by the member.

Knowledge is power. Be in the know for financial betterment.

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Lafayette Federal Credit Union is one of the premiere financial institutions in the Washington, D.C. area, now serving DXC and CSRA employees. Since our founding in 1935, we have sought to provide our members with a safe and convenient place to save, and to offer loans at rates and terms more favorable than those of other financial institutions. We also work hard to provide top-notch customer service. Contact us to obtain a copy of our Annual Report.