As of 6-10-23
Read about new developments with your local credit union, as well as current promotions, in the latest LAFCU Member Newsletter.
• See special certificate calculator next to this story (desktop) or below this story (mobile).
Boost your savings with a 4.60% APY* share certificate for 11 months. The funds must be “new money only,” meaning the funds must be deposited in your LAFCU account within 30 days prior to the date you open the certificate.
To open a Certificate, call us during business hours at (877) 695-2328 or visit a branch.
*APY = Annual Percentage Yield for this Share Savings Certificate (Certificate) promotion. This offer is subject to change or may be discontinued without notice. The actual APY will be calculated to three decimal points. The funds for the certificate must be “new money only,” meaning the funds must be deposited in your LAFCU account within 30 days prior to the date you open the certificate. Only LAFCU members have access to our services, including Certificates. For more details, search “Master Disclosures” on our website & read the section “Terms & Conditions Applicable to Share Certificate Accounts.”
• For the 4.60% APY Share Certificate: After the Certificate is opened, term is 11 (eleven) consecutive months, Dividend is 4.498%, and APY is 4.60%. The minimum opening deposit per certificate is $500 and the maximum is $500,000. A LAFCU member can open multiple Certificates if the opening balance of each one is between $500 to $500,000. This Certificate can only be opened at LAFCU from April 4, 2023 to June 30, 2023. When this Certificate matures, it will automatically renew for another 11-month term at the rate in effect at maturity for our Regular 6 to 11-month Share Savings Certificate.
Enter your Initial Deposit then click "Calculate" to view the Value at Maturity of a 4.60%APY* Certificate:
| Initial Deposit: ($500 minimum) |
|
| Term: | 11 months |
| Dividend Rate: (compounded monthly) |
4.498% |
| Annual Percentage Yield (APY): | 4.600% |
| Value at Maturity: (before taxes) |
Note: This calculator is a self-help tool for your independent use and is not intended to provide investment or tax advice. The accuracy of calculations and their applicability to your circumstances are not guaranteed. All examples are hypothetical and are for illustrative purposes only. Please consult a financial professional for your personal situation.