INVESTMENTS Ministry Term Notes LCEF’s term notes are designed to help organizations reach the different goals they have for each stream of their income. Term notes allow you to invest your ministry’s funds for a specific amount of time, with the option to re-invest or redeem the funds at the end of that time period.

LCEF offers various fixed- and floating-rate term note options for LCMS congregations and organizations.
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Fixed-Rate Term Note

This note carries a constant interest rate and requires a $500 minimum investment. A variety of terms are available, from 1 to 5 years.

MinimumTermRateAPY *Penalty
* APY is the annual percentage yield, representing the effective rate of interest when all principal and interest payments are retained in the investment balance.
** new money only.
$5006 mos.**4.500%4.577%90 days of interest
$5001 year4.250%4.318%90 days of interest
$50018 mos.**5.000%5.095%90 days of interest
$5002 years4.250%4.318%90 days of interest
$5003 years4.250%4.318%120 days of interest
$5004 years4.000%4.060%180 days of interest
$5005 years4.000%4.060%180 days of interest

Jumbo Note – Fixed

MinimumTermRateAPY *Penalty
* APY is the annual percentage yield, representing the effective rate of interest when all principal and interest payments are retained in the investment balance.
$100,0005 years4.500%4.577%180 days of interest

Floating-Rate Term Note

This note’s rate may be adjusted monthly based on prevailing market rates and requires a $100 minimum investment. 30- and 60-month terms are available. Investments of $25 or more are accepted throughout the term.

MinimumTermRateAPY *Penalty
* APY is the annual percentage yield, representing the effective rate of interest when all principal and interest payments are retained in the investment balance.
$10030 months4.250%4.318%120 days of interest
$10060 months4.000%4.060%180 days of interest