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Lumbee
Guaranty Bank is committed to meeting the needs of our customers
and providing you with high quality products and service.
We are pleased to offer you a new accounts, our Personal Money
Manager Account. Our Money Manager Accounts are interest earning
accounts paying competitive interest rates.
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| Minimum
Balance to Open |
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5,000.00
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| Minimum
Balance to Avoid Service Charge |
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25,000.00
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Monthly Maintenance Fee if Balance is
Below Minimum
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25.00
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| First
25 Checks - no charge, each check over 25 |
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1.00
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Benefits:
- Checks and
cover at no charge
- No monthly
fee for Visa Debit Cards
- No fee cashier
checks, money orders and travelers checks
- 1/4 % higher
interest rate on Certificates of Deposit
(Except Special Promotions)
Stop in today
and talk with our Branch Managers or Customer Service Representative.
TRUTH-IN-SAVINGS
DISCLOSURE
PERSONAL
MONEY MANAGER ACCOUNT
Rate information - Your interest rate and annual percentage yield
may change.
Frequency of rate changes - We my change the interest rate on your
account monthly.
Determination of rate - At our discretion, we may change the interest
rate on you account.
Compounding and crediting frequency - Interest will be compounded
every day. Interest will be credited to your account every month.
Minimum balance to open the account - You must deposit $5,000.00
to open this account.
Minimum balance to avoid imposition fee - A monthly maintenance
fee $25.00 will be imposed every statement cycle if the balance
in the account falls below $25,000.00 any day of the cycle.
Daily balance computation method - We use the daily balance method
to calculate the interest on your account. This method applies a
daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue
no later than the business day we receive credit for the deposit
of noncash items (for example, checks)
Fees:
A per check fee of $1.00 will be charged for each check in excess
of 25 during a statement cycle.
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Pembroke, NC |
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