CDs, IRAs, HSAs

For all life brings, rely on Lamar Bank & Trust Co.

Every phase of life can bring new changes, challenges, and benefits. While change can be stressful, the experts at LBT are here to guide you through life's twists and turns.

CD-CertiFICATE 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.

IRA-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)

Contact a Customer Service Representative for additional information and current rates!

Health Savings Account

Take Control Of Your Health Expenses

Now is the time to consider a Health Savings Account. An HSA account combines your high deductible health insurance with a tax favored savings account. The account can be used to help cover the deductible, and when the deductible is met, the insurance will start paying. The remainder in the account remains yours to use toward other medical expenses and continues to earn interest.