Finding the highest CD rates in Lafayette can be tough, but locating the best rates will get you that much closer to your savings goals.
Lafayette Banking Rates will help you locate the best CD rates by comparing available offers for you. We compile up-to-date rates information from our database of over 3,000 banks and credit unions to bring you only the most competitive rates in your area. 
| Featured Rate | Bank / Credit Union | Account Type | |
|---|---|---|---|
|
1.10%
As of May 14, 2012
|
 |
CIT Bank
|
CD Account |
|
1.09%
As of May 15, 2012
|
|
Ally Bank
|
CD Account |
| Highest Rates Recent Rate Changes | |||
| Best Rates (APY) | Bank / Credit Union | Account Type | |
|
1.15%
As of May 11, 2012
|
View Rate Details | Keypoint Credit Union - Baton Rouge, Louisiana | CD Account |
|
1.14%
As of May 18, 2012
|
View Rate Details | Neighbors Credit Union | CD Account |
|
0.85%
As of May 16, 2012
|
View Rate Details | Lafayette Schools' Credit Union | CD Account |
|
0.85%
As of May 7, 2012
|
View Rate Details | The Highlands Bank | CD Account |
|
0.85%
As of May 4, 2012
|
View Rate Details | Postal Credit Union | CD Account |
| Bank / Account Type | Rate Change | Date | |
|---|---|---|---|
| Lafayette Schools' Credit Union - 12 Month CD Account | 0.85% to 0.70% | May 16, 2012 | |
CD rates can vary greatly depending on the term and location of the account. Don’t settle on the first rate you’re offered; researching the rates from all the banks and credit unions in your area will likely result in finding competitive offers you never knew existed.
In order to score a high certificate of deposit rate, you’ll need to know what factors affect the range of rates that banks and credit unions issue. The highest rates available are generally given to investors that open an account with a large investment, for a time period of 2 years or more. High CD rates also vary by bank, so you’ll never know who is offering the best deal unless you do a little research of banks in your area.
You have worked hard to save your money, now it’s time to make your money work hard for you. Investing your money is the easiest way to make your net worth grow, even while you sleep. Depending on the amount of funds you have to invest and your investment goals, you will want to research the different options carefully.
Lafayette Banking Rates want to help you earn money, save money and put yourself in the best position for your own financial situation. If you have a savings account that you do not need for the rest of this year, it may be a good idea to invest into a 6-12 month CD and take advantage of the higher interest rates. You can earn up to 1% or more in a CD versus a savings account with a $5000 CD over 10 years; that can be over $500-$1000 more in interest payments with the higher CD rate.
A clear advantage of investing in CD‘s is that CD Rates are fixed, meaning you lock in an interest rate for the entire term of the CD, and it does not change. When interest rates are dropping, your CD stays at a higher rate. If you money is in a savings account, or interest paying checking account, your interest rate will drop daily, if rate are falling. Learn from Lafayette Banking Rate partners if rates are falling or rising, and make the right choice to earn more money.
