Make The Switch!
Existing members can earn a $1002 cash bonus today.
Start earning more.
You are more than a number. That’s why we want to put an extra $1002 in your checking account for switching your direct deposit.
How to Switch Your Direct Deposit
In order to earn the $1002 direct deposit bonus you must be an existing member with a checking account. Follow our steps to earn below.
Log into Online Banking
Access the web version of your Lafayette Federal online banking account via your mobile browser or desktop. If you need to find your Lafayette Federal account number select your desired account, once selected tap the “account info” text to view your account number securely.
Begin the Direct Deposit Process
Select the menu icon in the top left of your window pane to begin the direct deposit process.
Select the “More” tab
Next, navigate to the “More” tab to locate the direct deposit switch tool.
Follow the Prompts and Earn Your $100 Cash Bonus
Select “Direct Deposit” and start maximizing your earnings. Use our direct deposit tool to connect with your payroll provider’s website and earn your bonus within 45 days of establishing direct deposit with Lafayette Federal.
High-Yield Savings Account Rates
Take advantage of our High Yield Savings Account and earn up to 4.99% APY¹ on balances up to $50,000.
|
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 January 1, 2025. |
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|
Balance up to $19,999 |
Min. to Open $50 |
Min. to Earn APY1 $50 |
Dividend 3.30% |
APY1 3.34% |
|
Balance $20,000 or more |
Min. to Open $20,000 |
Min. to Earn APY1 $20,000 |
Dividend 3.60% |
APY1 3.65% |
|
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 January 1, 2025. |
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|
Balance 1st $50,000 |
Min. to Open $50,000 |
Dividend 3.60% |
APY1 3.65% |
|
Balance 2nd $50,000 |
Min. to Open – |
Dividend 3.70% |
APY1 3.75% |
|
Balance next $150,000 |
Min. to Open – |
Dividend 3.80% |
APY1 3.85% |
|
Balance next $250,000.00 – $99,999,999.99 |
Min. to Open – |
Dividend 4.00% |
APY1 4.06% |
Online Banking
Easily manage your money without visiting a branch. Whether you’re going on vacation or headed to grab a bite on your lunch break, Online Banking gives you the power to bank from the comfort of your own device.
Frequently Asked Questions
Have some questions before setting up direct deposit? See our most commonly asked questions below.
To set up direct deposit simply log into the web version of your Lafayette Federal online banking account, input your login credentials through our secure online banking platform, navigate to More > Direct Deposit, and let our tool do the rest.
The system provides feedback during the process—either confirming success or showing an error. If there’s an error, it may prompt you to fill out a manual form.
Typically, it takes about one to two pay cycles. If the request is submitted near the end of a pay cycle, it usually takes just one cycle. However, in some cases, your HR department may need to approve the change, which could delay it to the second pay cycle.
Not finding what you’re looking for? Contact us
Our members say the nicest things.
I joined LFCU in 1976, upon coming to USAID, and was fortunate to win the top door prize in the first annual meeting I attended, in 1977. Since draft accounts were first offered in 1981, I direct deposited my salary check until I retired, and we now have our annuities direct deposited. Our daughter still uses the account we opened for her as a six-year-old for direct deposit of her salary, and we have established savings accounts for our granddaughters to help them develop values of thrift and deferred gratification. We look forward to LFCU continuing to effectively provide for our financial services needs throughout our retirement.
Kenneth M.Member
Contact us
Call 301-929-7990
Email membership@lfcu.org
Disclosures
2Lafayette Federal membership is required. Offer is valid through December 31, 2025. Member must set up and maintain at least one (1) qualified direct deposit (QDD) 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. QDD must be established within 45 days of account opening. $100 will be deposited within 90 days of account opening. $50 minimum balance required to open and earn 0.10% APY (Annual Percentage Yield) on LFCU share savings account balances. Rates effective as of January 1, 2025. Your savings are federally insured up to $250,000 by the National Credit Union Administration, an agency of the U.S. government.
