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Lafayette Federal will be closed on Monday, May 30th in observance of Memorial Day. Members may access Online BankingOpens in New Window or contact our 24-hour Call Center at (301) 929-7990 or (800) 888-6560.
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Serving members worldwide since 1935.

Share Certificates

  • Fixed and variable certificate options
  • Terms up to 5 years
  • Competitive rates

Hold your share accounts for specific terms in exchange for higher dividends!

Full Rate Details
Account DisclosuresOpens in New Window

Grow your savings without taking on much risk with a share certificate:

Limited-Time 2.24% APY² 2-Year Share Certificate

Enjoy a premium rate that's 10 times higher than the national average!³ In this time of economic uncertainty, you want a safe, secure way to grow your hard-earned money. A Lafayette Federal share certificate is the perfect way to fast-track your savings with minimal effort and little risk.

Term
Our Rate (APY²)
National Average³ (APY²)
2-Year Fixed-Rate Certificate
2.22% (2.24%)
0.22% (0.22%)

¹Offer and rates valid as of May 9, 2022 and subject to change without notice. New money only. Valid on a Lafayette Federal 2-year fixed-rate certificate or Individual Retirement Account (IRA). Early withdrawal penalties may apply. Minimum to open a certificate is $500.00. 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 2.04% APY² on LFCU checking account balances up to $25,000 and 0.025% APY² on checking balances over $25,000. Please visit LFCU.ORG/2for22 for full checking account requirements. ²APY=Annual Percentage Yield. ³Based on the May 2022 national average for comparable certificates as published in the FDIC Weekly National Rates and Rate Caps as of April 18, 2022.Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government.

Fixed Rate Certificate Accounts

We offer five-year, four-year, three-year, two-year, one-year or, for a limited time, a seven-month fixed rate certificate account at a very competitive rate. Fixed Rate certificate accounts are held for specific terms, in exchange for higher dividend rates. There are penalties for withdrawal before the end of the term. We offer:

  • Very competitive rates
  • Five-year, four-year, three-year, two-year, one-year or seven-month term
  • A $500 minimum balance

Effective May 1, 2022

Fixed-Rate* Min to Open Min to Earn APY** Dividend APY**
7-month term*** $500 $500 1.00% 1.01%
1-year term $500 $500 1.20% 1.21%
2-year term $500 $500 1.40% 1.41%
3-year term $500 $500 1.55% 1.56%
4-year term $500 $500 1.70% 1.71%
5-year term $500 $500 1.90% 1.91%
*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 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 0.025% APY** on LFCU checking account balances. **APY=Annual Percentage Yield. ***7-month term Fixed-Rate Certificates are not available as an IRA.

Variable Rate Certificate Accounts

Variable Rate Certificate accounts are share accounts that are held for specific terms, in exchange for higher dividend rates. There are penalties for withdrawal before the end of the term, but you can make additional deposits in any amount at any time. We offer:

  • Very competitive variable rates
  • 18-month, 3- and 5-year terms
  • A $50 minimum balance

Effective May 1, 2022

Variable-Rate* Min to Open Min to Earn APY** Dividend APY**
18-month term $50 $50 0.75% 0.75%
3-year term $50 $50 0.90% 0.90%
5-year term $50 $50 1.10% 1.11%
*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 minimum balance required to open and earn 0.10% APY** on Lafayette Federal share savings account balances. $5 minimum balance required to open and earn0.025% APY** on LFCU checking account balances. **APY=Annual Percentage Yield.

IRA Certificates

We offer variable and fixed rate IRA certificates with the same features as above. The only difference is that these certificates are used to save for an IRA.

Effective May 1, 2022

Fixed-Rate* Min to Open Min to Earn APY** Dividend APY**
7-month term*** $500 $500 1.00% 1.01%
1-year term $500 $500 1.20% 1.21%
2-year term $500 $500 1.40% 1.41%
3-year term $500 $500 1.55% 1.56%
4-year term $500 $500 1.70% 1.71%
5-year term $500 $500 1.90% 1.91%
*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 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 0.025% APY** on LFCU checking account balances. **APY=Annual Percentage Yield. ***7-month term Fixed-Rate Certificates are not available as an IRA.

Effective May 1, 2022

Variable-Rate* Min to Open Min to Earn APY** Dividend APY**
18-month term $50 $50 0.75% 0.75%
3-year term $50 $50 0.90% 0.90%
5-year term $50 $50 1.10% 1.11%
*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 minimum balance required to open and earn 0.10% APY** on Lafayette Federal share savings account balances. $5 minimum balance required to open and earn0.025% APY** on LFCU checking account balances. **APY=Annual Percentage Yield.



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Full Rate Details
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1Certificate & IRA Accounts — Early withdrawal penalties may apply. 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 Lafayette Federal checking account balances.2APY=Annual Percentage Yield.
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