The Library of Congress Federal Credit Union (LCFCU), based in Washington D.C., is currently presenting a highly competitive array of Share Certificates (SCs) AVAILABLE NATIONWIDE.
Membership to LCFCU is open to virtually all U.S. citizens and resident aliens through an easy membership requirement
These certificates come in various term lengths, with APYs (Annual Percentage Yields) that are leading the market or close to the top.
Rates were last updated on April 24, 2025.
READ MORE: SEE THE BEST CD RATES HERE
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
Library of Congress FCU CD Promotion
The standout features of these Share Certificates include their high APYs, especially the 12-17 month (4.42% APY) and 36-47 month (3.96% APY) options, which offer some of the best rates compared to CDs of similar term lengths. Furthermore, these SCs are also available as IRA Share Certificates (Traditional, Roth, SEP, CESA) with slightly higher APYs (4.47% for 12-17 months and 4.01% for 36-47 months) and a $1,000 minimum opening deposit. The rates for these offerings are as of May 21, 2025.
It’s important to note that early withdrawals from these Share Certificates are subject to penalties.
Specifically, for accounts with an original maturity of 180 days or more, the penalty is equivalent to 180 days of dividends on the amount withdrawn.
Partial withdrawals are permitted, but any withdrawal within the first 180 days of account opening will reduce the principal.
Trending Checking Account Deal:
Additional Details of the Offer
Membership to LCFCU is open to virtually all U.S. citizens and resident aliens through an easy membership requirement. Joining the American Library Association (ALA) with a $73 fee qualifies for LCFCU membership.
Other eligible members include employees of the Library of Congress, its volunteers, researchers, scholars, and individuals employed by nearly 40 metro Washington D.C. SEGs. Family and household members, as well as domestic partners, roommates, and other family members, sharing an economic unit with an eligible member can also join.
Account opening can be done online, by phone, or in person at the Washington, D.C. branch.
A $5 one-time fee and a $5 minimum deposit in a Share Savings account are required to establish LCFCU membership.
Share Certificates can be opened with funds already deposited in LCFCU or in person at the branch.
Funding options include ACH, wire transfer, Shared Branch transactions, or cashier’s check.
TRENDING DEAL:
Disclaimers:
The Annual Percentage Yield (APY) is accurate as of 12/5/2025. The base and promotional interest rate and corresponding APY for Axos ONE® Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE® Savings is variable and is set at our discretion. Axos ONE® Savings is a tiered variable rate account. Axos ONE® Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below.The Axos ONE® Checking account will earn a base rate of 0.00% APY. The Axos ONE® Savings account will earn a base rate of up to 1.00% APY.Axos ONE® accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE® Checking and Axos ONE® Savings, the Axos ONE® Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period:Option 1Your Axos ONE® Checking account has received monthly qualifying direct deposits of at least $1,500 in total.The average daily balance of your Axos ONE® Checking account is at least $1,500.Option 2Your Axos ONE® Checking account has received monthly qualifying deposits of at least $5,000 in total.The average daily balance of your Axos ONE® Checking account is at least $5,000.If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period:The Axos ONE® Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met.The Axos ONE® Savings account will earn a promotional rate of up to 4.31% APY for the statement cycle in which the requirements are met.The Qualification Period begins on the first business day of the month and runs through the 25th of the month. If the 25th of the month is followed by a non-business day, the average daily balance will be calculated including the following non-business day(s). Any qualifying deposits or qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period. The Qualification Period for new accounts will begin on the day the account is approved. New accounts opened on or after the 25th of the month will be eligible to earn the promotional APY starting in the following month.A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. International paychecks, international government benefits, other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.), or person-to-person payments are not considered a direct deposit.Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder’s Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds.Both accounts must be in an open and active status on the 25th of the month and on the date the interest is paid to receive the promotional APY for that statement cycle. If either account closes during the Qualification Period, neither account will be eligible to earn the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account. Show Less
About Library of Congress Federal Credit Union
Established in 1935 by twelve Library of Congress employees, LCFCU has grown into a significant financial institution.
As of 2023, it is the sixth largest credit union in Washington, D.C., with nearly 10,000 members and assets exceeding $300 million.
The credit union was founded with the principle of providing financial services to Library of Congress employees and has since expanded its membership base and service offerings.
READ MORE: SEE MORE MONEY TRANSFER PROMOTIONS.
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Our Take on the Bank Offer
The Library of Congress Federal Credit Union’s Share Certificate offer appears to be a compelling choice for savers seeking high-yield, short to medium-term investment options.
With competitive APYs and easy membership accessibility nationwide, it stands as a strong contender in the current market.
The addition of IRA Share Certificate options further enhances its appeal to a broader range of savers.
See more:
READ MORE: SEE THE BEST CD RATES HERE
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
Frequently Asked Questions
Q: What is the minimum deposit required to open a Share Certificate?
A: The minimum deposit required to open a standard Share Certificate is $500. For IRA Share Certificates, the minimum opening deposit is $1,000.
Q: Are the Share Certificates available nationwide?
A: Yes, the Share Certificates offered by Library of Congress Federal Credit Union are available to members nationwide.
Q: How can I become a member of the Library of Congress Federal Credit Union?
A: Membership is open to U.S. citizens and resident aliens through easy membership options, such as joining the American Library Association (ALA) for a $73 fee. Employees of the Library of Congress, their volunteers, and individuals employed by certain organizations in the Washington D.C. area are also eligible. Family and household members of eligible individuals can join too.
Q: What are the penalties for early withdrawal from a Share Certificate?
A: The penalty for early withdrawal from accounts with an original maturity of 180 days or more is equivalent to 180 days of dividends on the amount withdrawn. Withdrawals within the first 180 days of account opening will reduce the principal.
Q: Can I open an account online?
A: Yes, accounts can be opened online, as well as by phone or in person at the Washington, D.C. branch of LCFCU.
Q: Are there any benefits to choosing an IRA Share Certificate over a standard Share Certificate?
A: IRA Share Certificates offer slightly higher APYs compared to standard Share Certificates and provide a tax-advantaged way to save for retirement. However, they require a higher minimum deposit of $1,000.
Q: How do LCFCU’s Share Certificate rates compare to other banks and credit unions?
A: LCFCU’s Share Certificate rates are highly competitive, often leading or near the top of the market when compared to similar offerings from other banks and credit unions nationwide.
Q: What happens to my funds when a Share Certificate matures?
A: Upon maturity, funds from a Share Certificate are automatically transferred to an LCFCU Share Savings account, unless otherwise directed.
Q: Can I add beneficiaries to my Share Certificate?
A: Yes, you can designate unlimited beneficiaries to receive equal shares of all accounts. Beneficiaries are attached to the membership account, not to individual accounts, and a Social Security number is required for each beneficiary.
Q: Does LCFCU offer options for reinvesting dividends?
A: Yes, members have the option to have dividends paid to them or to another account every month, quarter, or at maturity, instead of having them credited to the account. Dividends are compounded and credited quarterly.
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Hi John, Correction Needed- Paragraph 4, Rates…Updated on May 21, 2025.
It is currently 4/24/25.
W R
Haha good catch! We do try to keep our posts future-proof… but apparently we’ve unlocked time travel and didn’t tell anyone. I’ll go recalibrate the flux capacitor and fix the date—thanks for the heads-up!