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Lafayette Federal Credit Union earns four spots on Investopedia’s monthly best CD Rate surveys

ROCKVILLE, MD (August 13, 2024) — Investopedia recognized Lafayette Federal Credit Union for offering rates on certificate accounts (CDs) that are the “Best” in the nation, according to its recently published August update. Lafayette Federal earned a spot on four different lists on the global financial media website, recognizing the credit union for offering the “highest” and “best” CD rates available to anyone in the U.S.

An analysis of the survey’s data reveals that by prioritizing the highest possible return on investment defined by available terms, and favoring credit unions over banks, Lafayette Federal actually tops Investopedia’s lists for 3-year (jumbo and non-jumbo) and 4-year (jumbo) CDs. The credit union also made the list of “Best 5-Year CD Rates for August 2024.”

Lafayette Federal is number 1 among the list’s credit unions in delivering the highest total return on investment based on actual term length. Investopedia’s monthly survey ranks CDs by term and annual percentage rate (APY). When the same APY is offered by two or more institutions, priority is given to the CD with the shortest term followed, and then to the institution with the smaller minimum deposit.

Andrew Doepping, Lafayette Federal’s VP of Marketing noted, “The internet certainly does help consumers find the best deals and we are thrilled to have our financial products recognized at this level. Financial literacy is important to us, and we want our members to have access to the best possible rates. When it comes to certificates, yield is everything.”

About Lafayette Federal Credit Union

Lafayette Federal is committed to providing high-quality financial products and services to its members while actively engaging in and supporting the communities it serves.