INVESTMENTS Term Notes LCEF term notes are all about your choices. For an account that works for you, start by choosing the duration of your investment. Next, choose from several fixed- or floating-interest rate options.

At the end of the term, the funds remain yours to re-invest or redeem. Interest is compounded and paid quarterly (March, June, September and December).
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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 6 months 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

IRA Jumbo Note – Floating

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.
$100,00060 months4.500%4.577%180 days of interest