4.50% APY best interest rate with Lumbee Guaranty Bank for reward checking account
Lumbee Guaranty Bank headquartered in North Carolina has a very attractive interest rate for their best checking account called LGB Rewards Checking. The current interest rates are as follows if you meet the monthly requirements:
* 4.50% APY for deposits through $25,000
* 1.00% APY for any portion of the funds above $25K
* Base interest rate of 0.10% earned if requirements are not satisfied
* ATM surcharges of up to $4 per month can be refunded ( a maximum of $1.50 per item will be reimbursed after $4)
These best reward checking rates require that you meet the following:
* Complete 10 purchases using the Visa World Check Card
* Set up an auto debit through ACH or a direct deposit
* Opt for electronic statement
You can enjoy the highest interest rates by opening an account for as low as $100. There are no minimum balance requirements nor are there any service charges.
You can fill up and submit an online application from the bank’s microwebsite but you need to drop by a branch to complete the process.
The interest rates that we have here are based on what is posted on the website. It has an old date of September 2009 so it will be wise to contact the bank to know the latest figures. You can also call the bank through 910-521-9707.
Lumbee Guaranty Bank has offices in the cities of Fayetteville, Saint Pauls, Fairmont, and Pembroke all in North Carolina.
The ratings of the bank are strong. Bankrate.com issued 4 stars for its excellent performance based on their June 2009 data. BauerFinancial stamped 4 stars on its soundness and safety report which was based on their September 2009 data.
The bank is covered by the FDIC through certificate number 20568.
You can be earning hundreds or even thousands of dollars a year in CD investments, money market, and cash back credit cards. Subscribe to our free newsletter below to learn how to maximize your rewards, improve your credit, and make money!
