2.45% 15-Month CD at Lumbee Guaranty Bank in North Carolina - Local Only

Lumbee Guaranty Bank is offering a very competitive 15-month CD special. It has a 2.45% APY with a checking account or 2.02% APY without checking. Minimum deposit is $5,000. The 9-month CD special is also fairly competitive with a 1.92% APY with checking or 1.66% without. These rates are listed in the bank's CD rates page as of 12/10/09.

The checking requirement is not too bad if the reward checking qualifies. They offer a nice reward checking account which currently pays 4.50% APY on balances up to $25K (see post).

It appears a branch visit is required to open an account. Branches are located in Fayetteville, North Carolina and in several nearby cities including Pembroke, Fairmont, Lumberton and Saint Pauls.

The bank's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial (based on 9/30/09 data) and 4 stars (sound) at Bankrate.com (based on 6/30/09 data). The bank has been a FDIC member since 1971 (FDIC Certificate # 20568).

Other Competitive Certificate of Deposit Rates

• CD rates at DepositAccounts.com
• My weekly list of hot nationwide and local CD deals

Tags: North Carolina, CD rates, Lumbee Guaranty Bank