Retirement Accounts (IRA)
Retirement Accounts (IRAs) is an excellent way to build retirement
assets and income. Lumbee Guaranty Bank offers a variety of
IRAs including, Traditional, Roth, Education and SEP. Lumbee
Guaranty Bank pays a competitive rate of interest on IRAs. For
more information on these types of accounts, please contact
one of our ten branches.
A minimum opening deposit of $100 on variable rate IRA
opening deposit of $500 on fixed rate IRA
from a fixed rate term of 18 months or 36 months, or our 18
month variable rate Insured by FDIC
NOTE: Potential for bank and/or IRS penalty for early
18-Month Fixed $500.00
36-Month Fixed $500.00
regulations require a penalty for early withdrawal, including
substantial penalties on tax deferred instruments.
are tiered-higher balance, higher rates.