Term Notes
Choose a term of up to five years and watch your investment grow—both in returns and in impact.
About Term Notes
A term note at LCEF allows you to grow your funds while making a real difference. Choose the term that fits your goals, and enjoy peace of mind knowing your investment is supporting LCMS ministries—like Beautiful Savior Lutheran Church in Olathe, Kan., which planted Light of the World Church in De Soto, Kan.—that make a difference every day. Start building your financial future and strengthening ministries across the country—all with one powerful choice.
Explore the Benefits
Flexible terms and rate options.
Online access to your account.
Compounding interest paid quarterly.
Supports LCMS Ministries.
View account growth on-the-go.
Fixed-Rate Term Note
| Minimum | Term | Rate | APY* | Penalty |
|---|---|---|---|---|
| $500 | 6 mos.** | 4.500% | 4.577% | 90 days of interest |
| $500 | 1 yr. | 4.250% | 4.318% | 90 days of interest |
| $500 | 18 mos. | 4.250% | 4.318% | 90 days of interest |
| $500 | 2 yrs. | 4.250% | 4.318% | 90 days of interest |
| $500 | 3 yrs. | 4.250% | 4.318% | 120 days of interest |
| $500 | 4 yrs. | 4.000% | 4.060% | 180 days of interest |
| $500 | 5 yrs. | 4.000% | 4.060% | 180 days of interest |
Fixed rate term notes are also available as Individual Retirement Accounts (IRAs).
**New money only.
Fixed-Rate Jumbo Note
| Minimum | Term | Rate | APY* | Penalty |
|---|---|---|---|---|
| $100,000 | 5 yrs | 4.500% | 4.577% | 180 days of interest |
* APY is the annual percentage yield, representing the effective rate of interest when all principal and interest payments are retained in the investment balance.
Floating Rate Term Note
| Minimum | Term | Rate | APY* | Penalty |
|---|---|---|---|---|
| $100 | 30 mos. | 4.250% | 4.318% | 120 days of interest |
| $100 | 60 mos. | 4.000% | 4.060% | 180 days of interest |
IRA Floating Jumbo Note
| Minimum | Term | Rate | APY* | Penalty |
|---|---|---|---|---|
| $100,000 | 60 mos. | 4.500% | 4.577% | 180 days of interest |
* APY is the annual percentage yield, representing the effective rate of interest when all principal and interest payments are retained in the investment balance.
Still considering a term note?
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.”
FAQs
What information do I need to start a term note online?
- An image of your driver’s license/state ID with your current address.
- If your ID does not reflect your current address, we will need one of the following:
- An updated valid driver’s license/state ID
- A utility bill in the last 30 days with your name and current address
- A bank statement in the last 30 days with your name and current address
- Your complete physical and mailing address.
- Social Security number.
- Date of birth.
Please note that trust accounts cannot be opened online.
Who do I contact if I need help with my application?
Contact our Customer Relations team at request@lcef.org or 800-843-5233 7 a.m. to 5 p.m. CT Monday through Friday.
How do I transfer funds into my account?
For Deposits Only:
Lutheran Church Extension Fund
PO BOX 219193
Kansas City, MO 64121-7229
What happens at the end of my term?
At the end of your term note, you’ll receive a maturity notice with options to roll over your money into another LCEF account or how to redeem your money.
Can I mail in a paper application?
Still considering a term note?
Helpful Documents
Open Your Account Online Today
All you will need to apply is your personal information, banking details and an image of your driver’s license.