By Baptist Message staff
(LBM) – The Louisiana Baptist Foundation has reached its highest short-term fund rate in more than 16 years.
According to LBF Executive Director Jeff Steed, the annualized rate of 4.00 percent is being earned by churches and other ministry accounts all over the state. Like a savings account, the short-term fund allows churches to invest their money with no minimum balance or investment period, limitless and penalty-free withdrawals, deposits and accounts, and daily-earned interest that helps steward funds for Kingdom impact.
Steed added that the fund often offers higher interest rates than those provided through a traditional bank while providing access and availability each business day by phone, email, fax, mail or in-person visit to the foundation office inside the Louisiana Baptist Building in Alexandria.
“In the last 12 months, over $4 million was generated for short-term fund accounts for churches and other ministries,” Steed told the Baptist Message. “We are very grateful that God is continuing to bless the Foundation’s ministry through maximizing impact for those whom we have the honor to serve.”
The short-term fund is one of many ways the foundation partners with Louisiana Baptist churches to build the Kingdom “one dollar at a time, one ministry at a time, one life at a time.”
More than $43 million has been achieved toward the foundation’s Vision 200 (impacting the Kingdom with $200 million generated in 20 years or less).
The foundation also offers other money management services for churches, gift planning for individuals, estate stewardship for churches and Church Biz Central (accounting services, capital/stewardship campaigns, cash management, church loans, computer support line, giving-gateway.net, online giving, and payroll services).
For more information on how to set up a short-term fund or utilize other services offered, email contact@LBFinfo.org or call 877.523.4636.
