Personal Checking & Savings Rates

Checking & Savings

Checking Accounts

Balance

Min. to Open 

Dividend

APY1

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.

Balance

All Balances

Min. to Open 

$5 2

Dividend

0.025%

APY1

0.025%

Balance

$0 – $25,000

Min. to Open 

$5 2

Dividend

2.00% High-Yield3

APY1

2.02%

Preferred Savings Accounts

Balance

Min. to Open

Min. to Earn APY1

Dividend

APY1

Savings Account dividends are compounded and paid quarterly on the first day of the next dividend period. Dividend Rates and APYs are variable and are subject to change. Certain fees and charges may apply to your share account as disclosed in the current Schedule of Fees. Assessed fees may reduce earnings. 1APY=Annual Percentage Yield.

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

Balance

up to $19,999

Min. to Open

$50

Min. to Earn APY1

$50

Dividend

4.20%

APY1

4.27%

Balance

$20,000 or more

Min. to Open

$20,000

Min. to Earn APY1

$20,000

Dividend

4.50%

APY1

4.58%

Premier Savings Accounts

Balance

Min. to Open

Dividend

APY1

Savings Account dividends are compounded and paid quarterly on the first day of the next dividend period. Dividend Rates and APYs are variable and are subject to change. Certain fees and charges may apply to your share account as disclosed in the current Schedule of Fees. Assessed fees may reduce earnings. 1APY=Annual Percentage Yield. 2The Premier Savings Account is a tiered-rate account with different rates applied to the different tiers. Member must maintain at least $50,000 in the account to earn dividends on this account.

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

Balance

1st $50,000

Min. to Open

$50,000

Dividend

4.50%

APY1

4.58%

Balance

2nd $50,000

Min. to Open

Dividend

4.60%

APY1

4.68%

Balance

next $150,000

Min. to Open

Dividend

4.70%

APY1

4.78%

Balance

next $250,000.00 – $99,999,999.99

Min. to Open

Dividend

4.90%

APY1

4.99%

Share Savings Accounts

Min. to Open

Min. to Earn APY1

Dividend

APY1

Savings Account dividends are compounded and paid quarterly on the first day of the next dividend period. Dividend Rates and APYs are variable and are subject to change. Certain fees and charges may apply to your share account as disclosed in the current Schedule of Fees. Assessed fees may reduce earnings. 1APY=Annual Percentage Yield.

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

Min. to Open

$50

Min. to Earn APY1

$50

Dividend

0.10%

APY1

0.10%

IRA Savings Account

Min. to Open

Min to Earn APY1

Dividend

APY1

Savings Account dividends are compounded and paid quarterly on the first day of the next dividend period. Dividend Rates and APYs are variable and are subject to change. Certain fees and charges may apply to your share account as disclosed in the current Schedule of Fees. Assessed fees may reduce earnings. 1APY=Annual Percentage Yield.

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

Min. to Open

$50

Min to Earn APY1

N/A

Dividend

3.90%

APY1

3.96%

Fixed-Rate Coverdell Education Savings Account

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%

Variable-Rate Coverdell Education Savings Account

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%

Money Market Accounts

Tier

Min. to Open

Dividend

APY1

1APY=Annual Percentage Yield. 2Plus the cost of checks.

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

Tier

$0 – $2,499

Min. to Open

$2,5002

Dividend

0.00%

APY1

0.00%

Tier

$2,500 – $24,999

Min. to Open

Dividend

0.05%

APY1

0.05%

Tier

$25,000 – $149,999

Min. to Open

Dividend

0.15%

APY1

0.15%

Tier

$150,000

Min. to Open

Dividend

0.30%

APY1

0.30%