Available nationwide, Lafayette Federal Credit Union Premier Savings is offering up to 4.07% APY on your funds.
Update 3/6/25: The rate has increased to 4.07% APY from 4.06%.
Lafayette Federal Credit Union Premier Savings Review
Lafayette Federal Credit Union is headquartered in Rockville and is the 6th largest credit union in the state of Maryland. It is also the 283rd largest credit union in the nation. It was established in 1935 and as of June of 2022, it had grown to 159 employees and 55,022 members at 8 locations. Lafayette Federal Credit Union’s savings rates are 6X the national average, and it boasts an A+ health rating.
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.
I’ll review Lafayette Federal Credit Union Premier Savings below.
Lafayette Federal Credit Union Premier Savings Rate
- What you’ll get: Up to 4.07% APY
- Eligible account: Premier Savings
- Credit Inquiry: Hard Pull or Soft Pull? Let us know.
- Where it’s available: Nationwide
- Opening Deposit: $50
- Monthly fee: None listed
- Early Termination Fee: None listed, check with CSR
Here is an alternative link to the account.
(FDIC Insured)
How to Earn Rate
- Visit the Lafayette Federal Credit Union page and open an account with as little as $50
- Once your account is funded, enjoy earning up to 4.07% APY
| 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% |
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Conclusion
Lafayette Federal Credit Union is offering a great interest rate when opening their savings account. If you have quite a sum of money that’s sitting in your checking account earning little to no interest, it would be ideal to open a high interest bearing account to earn interest on your existing funds.
In addition to the rate, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.
Let us know about your experience with this bank and comment below.
