4.50% Reward Checking Account at Lumbee Guaranty Bank in North Carolina - Local Only

Lumbee Guaranty Bank is offering a high-yield reward checking account called LGB Rewards Checking. It has the following rates and features if certain monthly requirements are met:

• 4.50% APY on balances up to $25,000
• 1.00% on portion of balance over $25,000
• 0.10% base rate if requirements are not met
• ATM fee refunds nationwide up to 4 per month ($1.50 refunded per item after 4)

The monthly requirements include:

• 10 Visa World Check Card purchases
• 1 direct deposit or ACH auto debit
• Receive e-statements

Additional features of the account regardless of the monthly requirements include:

• $100 minimum initial deposit
• No minimum balance requirement
• No monthly service charge

The bank's microwebsite has an online application, but it appears they require a branch visit to complete the application process.

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 Reward Checking Accounts

To find reward checking accounts in other areas of the nation, please refer to the reward checking section of DepositAccounts.com. To learn more about reward checking, please refer to this reward checking overview.