If you’re looking for new savings account available nationwide, Lafayette Federal Credit Union Preferred Savings Account is offering you up to 4.07% APY on your funds.
Update 3/6/25: The rate has increased to 4.07% APY from 4.06%.
About Lafayette Federal Credit Union
Headquartered in Rockville, Lafayette Federal Credit Union is the 6th largest credit union in the state of Maryland and the 283rd largest credit union in the nation. Established in 1935, it had grown to 159 employees and 55,022 members at 8 locations.
| 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. Also eligible are those who live or work in the Potomac, Maryland area; live, work, worship, or attend school in Washington, D.C.; or are employed by any of nearly 200 Select Employer Groups. See current membership details. |
Lafayette Federal Credit Union Preferred Savings Account
Here is your opportunity to earn a high interest rate on your funds. Open a new account to start earning interest and get started today!
- Account Type: Preferred Savings
- Interest Rate: Up to 4.07% APY
- Availability: Nationwide
- Minimum Balance: $20,000
- Maximum Balance: None
- Credit Inquiry: Unknown
- Credit Funding: Unknown
- Opening Deposit: None
- Monthly Fee: None
- Early Termination Fee: None listed
(FDIC Insured)
Lafayette Federal Credit Union Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | ? | |
| Pull | ? | ? | ? |
Account Rates
| Balance | APY |
| 1st $50,000 | 3.66% |
| 2nd $50,000 | 3.76% |
| next $150,000 | 3.87% |
| next $250,000.00 – $99,999,999.99 | 4.07% |
Account Benefits
- 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
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Author’s Verdict
Open a Preferred Savings Account with Lafayette Federal Credit Union today to start earning a competitive rate! Keep in mind, you can earn this high rate on a balance of $20,000.
In addition to the current rate from Lafayette Federal Credit Union, you can also take advantage of a range of great promotions from banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
Let us know about your thoughts and experience with this account! Be sure to check back on BankDealGuy for more Lafayette Federal Credit Union promotions and bank rates!
See our favorite Bank Rates to earn high interest!
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