Top CD & Reward Checking Rates at Lumbee Guaranty Bank in NC - Local Only


0.55%$5k-Lumbee Guaranty Bank15 Month CD Special
0.40%$5k-Lumbee Guaranty Bank9 Month CD Special
Accounts mentioned in this post. Rates as of October 21, 2016.

Lumbee Guaranty Bank is offering some competitive special short-term CD rates. In addition, it continues to offer a very competitive reward checking account.

The special CD rates include a 1.41% APY 9-month CD and a 1.77% APY 15-month CD. Minimum deposit is $5,000, and a checking account is required. The rates are 25 basis points lower without a checking account. There's also a 4-year CD special, but its rate isn't competitive at 2.19% APY. These rates are listed at the bank's rates page as of 11/22/2010.

As a comparison to internet banks on 11/22/2010, the best 9-month CD rate is 1.15% APY at NewDominion Bank. For terms around 1-year, the best rate is 1.50% APY at CNB Bank Direct.

The bank continues to offer a 4.50% APY on balances up to $25K on its reward checking account. I first reviewed this checking account in December 2009. For reward checking accounts available nationwide the best rates are only around 3.00% for balances up to $25K.

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 has an overall health score at of 4 out of 5 with a Texas Ratio of 11.39% (excellent) based on June 2010 data. Please refer to our financial overview of Lumbee Guaranty Bank for more details. The bank has been a FDIC member since 1971 (FDIC Certificate # 20568).

Searching for the Best CD and Checking Account Rates

Dave (anonymous)   |     |   Comment #1
WOW!  That is an impressive return over the CD rates I have been seeing.  Thanks for keeping me up to date, I might have to mention this on my CD accounts blog

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...

Continue Reading
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...

Continue Reading