Individual Retirement Accounts
Retirement Investments
Planning for retirement doesn’t have to be overwhelming. At LCEF, our retirement investments make it easy to align your savings with your financial goals and your faith. Earn a competitive interest rate while empowering LCMS ministries to grow, thrive and share God’s love. It’s a partnership of Lutherans helping Lutherans, building a brighter future for you and God’s kingdom.
Don’t forget to set up regular contributions and become familiar with IRS limits each year, so your savings can grow over time.
Explore the Benefits
Minimum $100 to open
Compounded interest paid monthly
Support LCMS Ministries
MyAccount online and mobile app access
Choose the Investment That’s Right For You
Traditional IRA
A traditional IRA can be attractive if you think you’ll be in a lower tax bracket when you retire.
Roth IRA
While a traditional IRA may yield an upfront tax break, a Roth IRA hands you that perk when you’re ready to retire—tax-free withdrawals.
Withdrawals are tax-free for qualified elementary, secondary or higher education costs. Eligible expenses include tuition, computer equipment, room and board and more—including those for Lutheran schools.
IRA Dedicated Certificate
| Minimum | Rate | APY* |
|---|---|---|
| $100 | 1.750% | 1.762% |
IRA Floating Jumbo Note
| Minimum | Term | Rate | APY* | Penalty |
|---|---|---|---|---|
| $100,000 | 60 mos. | 4.000% | 4.060% | 180 days of interest |
Church Worker Loan Pool & IRA Term Notes-Floating
| Term | Rate | APY* |
|---|---|---|
| 60 mos. | 1.875% | 1.891% |
Term Notes & IRA Term Jumbo Notes-Fixed
| Minimum | Term | Rate | APY* | Penalty |
|---|---|---|---|---|
| $100,000 | 5 yrs | 4.000% | 4.060% | 180 days of interest |
Term Notes & IRA Term Notes-Fixed
| Minimum | Term | Rate | APY* | Penalty |
|---|---|---|---|---|
| $500 | 6 mos. | 3.500% | 3.546% | 90 days of interest |
| $500 | 1 yr. | 4.000% | 4.060% | 90 days of interest |
| $500 | 18 mos. | 4.000% | 4.060% | 90 days of interest |
| $500 | 2 yrs. | 3.500% | 3.546% | 90 days of interest |
| $500 | 3 yrs. | 3.500% | 3.546% | 120 days of interest |
| $500 | 4 yrs. | 3.500% | 3.546% | 180 days of interest |
| $500 | 5 yrs. | 3.500% | 3.546% | 180 days of interest |
Term Notes & IRA Term Notes-Floating
| Minimum | Term | Rate | APY* |
|---|---|---|---|
| $100 | 30 mos. | 3.500% | 3.546% |
| $100 | 60 mos. | 3.500% | 3.546% |
Individual Retirement Accounts (IRAs) are also available as fixed-rate term notes.
Open an IRA
Contribute to your LCEF IRA
Join Lutheran Investors Like You
Sarah Grack-Moritz
School Technology & Innovation, Orange, Calif.
“I am an LCEF investor because we believe in what LCEF does. LCEF helps schools and churches … get loans that they would never have been able to get so that we can promote the spreading of the Gospel and support the community around us.”
Rev. Adam Salinas
Concordia Lutheran Ministries, Freeport, Pa.
“I enjoy investing in LCEF because I know that our money goes towards building new churches and schools. I enjoy investing with them because they are caring and supportive in the financial services that they provide.”
Rev. Michael Schmidt
Peace Lutheran Church, Natoma, Kan.
“Money invested goes beyond traditional means and goes to help churches and schools that share our core beliefs.”