Local Credit Union Offers Nation’s Top Certificate Rates
POTOMAC, MD – A local credit union is receiving national recognition for offering some of the highest certificate rates in the country. Lafayette Federal Credit Union, headquartered in Rockville and serving the greater Washington, D.C. region, has been named by financial outlets including The Wall Street Journal, Kiplinger, Investopedia, DepositAccounts, and GoBankingRates for its top-ranked share certificate products.
According to these sources, Lafayette Federal currently holds the #1 national ranking for its 2-, 3-, 4-, and 5-year certificate terms. The institution is offering fixed annual percentage yields (APYs) up to 4.28%, with a minimum deposit requirement of $500.
Share certificates, also known as certificates of deposit (CDs) at traditional banks, have grown in popularity as a low-risk savings option during a period of economic uncertainty. With interest rates rising and market volatility continuing, many savers are seeking fixed returns on their funds without taking on additional risk.
Lafayette Federal offers certificate terms ranging from seven months to five years. All deposits are federally insured up to applicable limits, and certificates can be opened online or in person at their Cabin John Branch:
Cabin John Branch, 7741 Tuckerman Lane, Potomac, MD 20854
Founded in 1935, Lafayette Federal operates as a not-for-profit financial cooperative, which means it is owned by its members rather than outside shareholders. The credit union reports that earnings are reinvested in the form of competitive rates and reduced fees.
More information is available at LFCU.ORG/CERTIFICATES.
