Find the best LAFCU CD Rates, Promotions, and Offers here.
Best CD Rates: 13-month Share Certificate Special, 5.00% APY, $1k min deposit, available through January 13, 2023.
Availability: Michigan
Credit Inquiry: Soft Pull
About LAFCU CD Rates
If you are a resident of Michigan and currently looking for great savings rates, then make sure you keep reading. LAFCU has a wide array of products to meet your individual needs and are proud to be a financial institution that is big enough to serve all your financial needs, yet small enough to care about how those needs are met.
They currently offer standard CD rates from 3-months to 60-month with 2.02% to 4.55% APY rates but have a special 13-month CD term with 5.00% APY on $1,000 balances or more. By joining LAFCU, you get to enjoy earning higher rate of interest than regular savings account. Make sure you visit your nearest local branch to sign up today!
Eligibility: You are eligible to join LAFCU if you work, worship, or live in Michigan. Make sure to check out their membership page for more info.
CD Special
| Term | APY Rate | Minimum Deposit |
| 13-month CD | 5.00% | $1,000 |
Standard CD Rates
| Term | APY Rate | Minimum Deposit |
| 3-Month | 2.02% | $500 |
| 6-Month | 2.68% | $500 |
| 12-Month | 2.84% | $500 |
| 24-Month | 4.55% | $500 |
| 36-Month | 4.35% | $500 |
| 48-Month | 4.15% | $500 |
| 60-Month | 4.05% | $500 |
*The above rates are accurate as of 12/20/2022
LAFCU CDs
CDs are a certificate issued by a bank to a person depositing money for a specified length of time, and usually the longer of a term is, the higher APY rate you make! LAFCU’s Best CD Offer pays the highest APY rate with a 5.00% APY rate for their 13-month term.
They currently offer standard CD rates from 3-month to 60-month. If you’re interested in making a higher rate than a traditional savings account then make sure to check out LAFCU’s CDs and their rates listed below.
- Minimum deposit: $500
- Maximum deposit: None
- Early withdrawal penalty:
- For Regular Certificates with terms greater than one year, the penalty is equal to 120 day of dividends.
| Alliant Credit Union 12-Month Certificate (4.55% APY) | Quontic Bank CD (Up to 4.60% APY) |
| Western Alliance Bank 3-Month CD (4.05% APY) | Western Alliance Bank 5-Month CD (3.85% APY) |
| Ponce Bank 3-Month CD (4.65% APY) | Blue Federal Credit Union 9-Month No Penalty CD (4.25% APY) |
| SkyOne Federal Credit Union 5-Month CD (4.25% APY) | Sun Canyon Bank 11-Month CD (4.29% APY) |
| Nelnet Bank 12-Month CD (4.76% APY) | Nelnet Bank 24-Month CD (3.25% APY) |
| Nelnet Bank 36-Month CD (3.15% APY) | Rising Bank 12-Month CD (3.70% APY) |
| Rising Bank 6-Month CD (4.00% APY) | |
CD Features
- Low minimum balance requirement on Standard CD’s
- Competitive rates on all CD terms
- Free online and mobile banking
- Insured by the NCUA up to the maximum allowed by law
Bottom Line
Looking for a short term or long term CD? Then look no further as LAFCU offers you various CD terms from 3 to 60 months but be sure to take advantage of their current 13-Month CD Special.
You will be able to fully take control of your funds through their products and services and also maximize your saving potential. Sign up for a CD with LAFCU and the enjoy their high APY rates today. Check out our Best CD Rates at HMB!
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.
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