CDs/IRAs
Certificates of Deposit
Stable and Secure
Looking for a way to make an investment that is stable and can provide a secure way to save? CD’s are the easiest way to save if you don’t need immediate access to your funds. We offer competitive CD rates on terms ranging from 3 months to 5 years. Your CD will automatically renew at maturity. However, you have a 10 day grace period from maturity to determine if you want to withdraw the funds without penalty. At this time, you also may change your term or make any deposit or withdrawals during the grace period. These accounts are insured by FDIC up to $250,000.00.
Interest Payment Options
LBT offers three interest payment options:
•Add the interest payment to the principal amount of your CD.
•Have your interest automatically deposited into your checking or savings account.
•Receive an interest check by mail.
Individual Retirement Accounts
Plan Today for a Secure Tomorrow
We understand that you work hard and want to achieve financial security when you retire. Most individuals will need a source of personal savings in order to reach their retirement goals. An Individual Retirement Account (IRA) is an excellent savings tool designed to provide additional retirement income while offering tax benefits that other savings options just can't match. IRAs are not just for retirement! They can help plan for a secure future as well. An IRA can help you save for a down payment on your first home and even pay for you or your family's higher education expenses.
The best time to start saving for retirement is now. A Lamar Bank and Trust Company IRA Account is the perfect place to start. Contact an IRA representative at 417-682-3348 to discuss which alternative is right for you. We offer varying lengths of maturities at very competitive interest rates.
Types of IRA's
- Individual
- Roth
- Rollover
- Educational
- Simplified Employee Pension (SEP)
- Health Savings Account (HSA)