Credit union · NCUA insured
Lafayette Federal Credit Union Savings Rates
Top CarrotLafayette Federal Credit Union’s best savings rate is 3.20% APY on $10,000, with its Preferred Savings Account. Rates checked October 22, 2026.
How Lafayette Federal Credit Union’s savings rates compare
Compared with banks and credit unions near Washington, DC-VA-MD-WV, where Lafayette Federal Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
Lafayette Federal Credit Union
3.20%APY
- Requires
- None
- Minimum
- $50
- Earns on $10,000 a year
- $320
Preferred Savings Account
Top rate
Woori America Bank
5.00%APY
- Requires
- Monthly account activity
- Minimum
- $1,000
- Earns on $10,000 a year
- $500
2nd-highest rate
HSBC USA
4.40%APY
- Requires
- Monthly account activity
- Minimum
- —
- Earns on $10,000 a year
- $440
Lafayette Federal Credit Union savings score
95
Savings score
Higher than 97% of U.S. banks and credit unions
- $1,000 balance$1,0003.20%
- $10,000 balance$10,0003.20%
- $100,000 balance$100,0003.25%
- QualifiedQualified3.20%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Lafayette Federal Credit Union ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the credit union’s website. Earnings assume the rate doesn’t change.
Preferred Savings Account
3.20%APY
Savings Account dividends will be compounded and credited monthly on the last day of each calendar month. 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.
| Balance | APY | Minimum | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|---|
| Up to $19,999Minimum balance to earn APY is $50. · $50 to open | 3.20% | $50 | $320 | Minimum balance to earn APY is $50. |
| $20,000 and upMinimum balance to earn APY is $20,000. · $20,000 to open | 3.25% | $20,000 | — | Minimum balance to earn APY is $20,000. |
Sources (1)
- lfcu.org/personal/savings-accounts · captured Oct 4, 2026
Money Market Account
0.05%APY
No monthly or minimum balance fees. Plus the cost of checks.
| Balance | APY | Minimum | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|---|
| Up to $2,499Plus the cost of checks. · $2,500 to open | 0.00% | $2,500 | — | Plus the cost of checks. |
| $2,500 – $24,999Unknown to open | 0.05% | Unknown | $5 | |
| $25,000 – $149,999Unknown to open | 0.15% | Unknown | — | |
| $150,000 and upUnknown to open | 0.30% | Unknown | — |
Sources (1)
- lfcu.org/personal/find-your-savings-account · captured Oct 4, 2026
Share Savings Account
0.10%APY
Savings Account dividends will be compounded and credited monthly on the last day of each calendar month. 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.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $50 and up$50 minimum balance required to open and earn 0.10% APY.$50 and up | 0.10% | $10 | $50 minimum balance required to open and earn 0.10% APY. |
Sources (1)
- lfcu.org/personal/savings-accounts · captured Oct 4, 2026
Premier Savings Account
0.00%APY on $10,000
Savings Account dividends will be compounded and credited monthly on the last day of each calendar month. 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. The 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.
| Part of the balance | Rate on that part |
|---|---|
| $50,000 – $50,000 | 3.20% |
| $50,000 – $100,000 | 3.30% |
| $100,000 – $250,000 | 3.40% |
| $250,000 – $100,000,000 | 3.50% |
On $10,000 the tiers blend to about 0.00% APY, earning $0 a year.
Sources (1)
- lfcu.org/personal/savings-accounts · captured Oct 4, 2026
Special-purpose accounts
Variable-Rate Coverdell Education Savings Account
3.66%APY · 1 term
Rates subject to change without notice. Certificates automatically renew upon maturity unless otherwise stipulated. Dividends compounded and credited monthly on the last day of each calendar month. Must establish or have membership with Lafayette Federal Credit Union.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 18 months | 3.66% | $554 |
Sources (1)
- lfcu.org/investing/coverdell-education-savings · captured Oct 4, 2026
IRA Savings Account
3.25%APY
Savings Account dividends will be compounded and credited monthly on the last day of each calendar month. 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.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceMin to Earn APY is N/A.Any balance | 3.25% | $325 | Min to Earn APY is N/A. |
Sources (1)
- lfcu.org/investing/individual-retirement-accounts-iras · captured Oct 4, 2026
Who can join Lafayette Federal Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Persons who live or work in the specified area of Montgomery County, Maryland known as Potomac (bounded by defined roads and excluding the U.S. Navy Ship Research and Development Center military reservation) are eligible to join.
Employers and groups
- Direct-hire individuals employed by or retired from Lafayette Federal Credit Union's Select Employee Groups are eligible for membership.
- Residents of Maryland, Washington, D.C., or Virginia are eligible to join by becoming a member of the American Consumer Council (ACC), with membership handled at no cost by the credit union.
- Individuals living anywhere in the United States can join by becoming a member of the Home Ownership Financial Literacy Council (HOFLC) for a one-time $10 fee.
Family and household
- Immediate family members of current members (grandparents, parents, spouses, children including foster and adopted, grandchildren, and siblings) and un-remarried spouses of persons who died while employed by eligible organizations are eligible to join.
Cost to join
- A one-time $10 fee is required for automatic enrollment in the Home Ownership Financial Literacy Council (HOFLC).
- A $50 minimum balance is required to open and maintain a Lafayette Federal share savings account.
Membership information collected October 4, 2026.