Find the latest Lafayette Federal Credit Union CD Rates, Offers, and Promotions here.
Best CD Rates: Jumbo CDs – 4-year (4.73% APY), 5-year (4.78% APY), $100k minimum deposit.
Availability: Nationwide, easy membership requirement. Join with $10 fee to HOFLC.
Credit Inquiry: Soft Pull
Table of Contents
About Lafayette Federal Credit Union
Lafayette Federal Credit Union, is a credit union headquartered in Rockville, Maryland, chartered and regulated under the authority of the National Credit Union Administration of the U.S. Federal government.
Lafayette Federal Credit Union offers a vast array of products including CD options for all of your specific financial needs. From checking and savings account to loans and CDs, you are bound to find one that works for you.
| Eligibility: Membership in Lafayette Federal Credit Union is open to anyone who joins the Home Ownership Financial Literacy Council ($10 fee). Residents of Maryland, Virginia, or Washington, D.C. who belong to the American Consumer Council (can join through the Credit Union’s online application) are eligible to join. For more information on eligibility requirements please check out their full list of membership requirements. |
Regular CDs
| Term | APY Rate | Minimum Deposit |
| 7-Month | 3.85% | $500 |
| 1-Year | 4.42% | $500 |
| 2-Year | 4.47% | $500 |
| 3-Year | 4.52% | $500 |
| 4-Year | 4.58% | $500 |
| 5-Year | 4.63% | $500 |
Jumbo CDs
| Term | APY Rate | Minimum Deposit |
| 1-Year | 4.58% | $100K |
| 2-Year | 4.63% | $100K |
| 3-Year | 4.68% | $100K |
| 4-Year | 4.73% | $100K |
| 5-Year | 4.78% | $100K |
*The above rates are accurate as of 01/05/2023*
Lafayette Federal Credit Union CD Rates
CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer of a term, the higher APY rate you make.
With as little as $500 regular term CD, you can invest in a Lafayette Federal Credit Union CD account to maximize your earnings. However, $100K minimum if you want to go for higher rate with Jumbo CDs. Compare their offering now to find the solutions that fit best with your savings goals. If you’re interested in making a higher rate than a traditional savings account then make sure to check out below CD rates.
- Minimum deposit: $100K
- Maximum deposit: None
- Early withdrawal penalty:
- 1-year jumbo, 180 days of dividends
- 2-year jumbo, 270 days of dividends
- 3-year jumbo, 360 days of dividends
- 4-year jumbo, 480 days of dividends
- 5-year jumbo, 600 days of dividends
(NCUA Insured)
| Compare to the best CDs such as Sallie Mae Bank 27-Month CD (5.00% APY), Sallie Mae Bank 23-Month CD (4.85% APY), CIT Bank 18-Month CD (4.60% APY), Blue Federal Credit Union 15-Month CD (4.80% APY), Quontic Bank 60-Month CD (4.45% APY), Sallie Mae 14-Month No-Penalty CD (4.40% APY), and CIT Bank 11-Month No-Penalty CD (4.10% APY). |
Important Details for Lafayette FCU CDs
- Funding – ACH, wire transfer, or by check
- Maturing Funds – distributed by cashier’s check or transferred into another Lafayette FCU account
- Grace Period – ten calendar day grace period before a Fixed Jumbo CD automatically renews as a “standard certificate dividend rate unless otherwise stipulated by the member.”
- Beneficiaries – unlimited, equal shares, Social Security number required
- Earned Dividends – compounded and credited quarterly and may be withdrawn at any time
Lafayette Federal Credit Union CD Features
- Low minimum balance requirement
- Competitive rates on all CD terms
- Free online and mobile banking
- Insured by the NCUA up to the maximum allowed by law
Bottom Line
With a unique selection of CD lengths to choose from, you can be sure to find an account that best fits all your banking needs. Take advantage of a low required minimum balance of just $500.
This is ideal for accounts like Certificate of Deposits, which require very little maintenance. The rates are worth a look, but always compare them with the nation’s best using our guides: CD Rates | Savings Rates.
This is a great opportunity to invest in a high-interest CD from Lafayette Federal Credit Union. However, you may want to compare them with our best CD Rates:
- 6-Month CD Rates
- 9-Month CD Rates
- 12-Month CD Rates
- 18-Month CD Rates
- 24-Month CD Rates
- 36-Month CD Rates
- 48-Month CD Rates
- 60-Month CD Rates
You might even find yourself earning more than a regular savings account. Be sure to apply as soon as you can to start your new account experience. Check back often for the latest Lafayette Federal Credit Union CD rates!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
I have tried to open 2 accounts at Lafayette Federal Credit Union since October 6th. We have some $350,000 unaccounted for. I
have now asked for a supervisor. Still no response. What should I do now?