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Guaranty Bank and Trust Company Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Guaranty Bank and Trust Company Savings
0.09% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Guaranty Bank and Trust Company first started operating in 1943 with headquarters in Belzoni, Mississippi. Guaranty Bank and Trust Company owns $810 million in assets as well as $676 million in deposits, classifying it as a medium-size bank. Guaranty Bank and Trust Company lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. With a commendable 4.2 out of 5 stars, Guaranty Bank and Trust Company proves it is a great choice and should warrant serious consideration. Guaranty Bank and Trust Company has a complete suite of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. Guaranty Bank and Trust Company has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Guaranty Bank and Trust Company's most basic checking does not carry a monthly fee. Locating a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same bank is the best bet for getting the most income from your deposits while having convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.2/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

3.0
SmartAsset Average: 3.5

Guaranty Bank and Trust Company has a savings rate of 0.09%, which is poor compared to other U.S. banks. Guaranty Bank and Trust Company's CDs feature a rate of 1.56% and 1.38% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.17%. Given Guaranty Bank and Trust Company's noncompetitive savings rate, you should consider looking at the competition to open savings accounts.

How Guaranty Bank and Trust Company's Savings Rates Compare

Guaranty Bank and Trust Company Savings 0.09 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Guaranty Bank and Trust Company has typically extremely low fees compared to other U.S. banks. Its checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. Guaranty Bank and Trust Company does not refund out-of-network ATM fees, meaning you'll be required to find a Guaranty Bank and Trust Company ATM or eat the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

4.2
SmartAsset Average: 3.7

Guaranty Bank and Trust Company is a brick-and-mortar bank, with 19 total bank locations in Mississippi. It also offers access to mobile and web apps for straightforward access and banking on the go. Guaranty Bank and Trust Company gets moderately good feedback from customers for its mobile banking services. The Guaranty Bank and Trust Company mobile app has been given a 4.4 out of 5 (with 46 ratings on Apple and Android) compared to the national average of 3.8. You can utilize Guaranty Bank and Trust Company's mobile app to control your funds by checking monthly statements, sending and receiving money as well as reaching support representatives. Guaranty Bank and Trust Company gets a superb consumer satisfaction score based on comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.4/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.7
SmartAsset Average: 4.8

Guaranty Bank and Trust Company is currently a medium-size bank with assets totaling $810 million as well as $676 million in deposits. Its Texas Ratio is 7.85%, suggesting that the bank is in good financial shape and unlikely to fail. Additionally, Guaranty Bank and Trust Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

7.85%
High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Guaranty Bank and Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.09% APY $2500
Checking Account 0.09% APY $1000
Certificates of Deposit
  • 12 Month: 1.56% APY
  • 24 Month: 1.38% APY
  • 36 Month: 1.16% APY
  • 48 Month: 1.31% APY
  • 60 Month: 1.38% APY
$10000 for all terms
Money Market Accounts 0.14% APY 0.165% APY $10000 $15000

Guaranty Bank and Trust Company has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Guaranty Bank and Trust Company does not have the best savings rate, which means you should consider looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Guaranty Bank and Trust Company's CD rates are fair as compared against the national average.

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Find a Guaranty Bank and Trust Company Near Me

Guaranty Bank and Trust Company has 19 physical branches in the U.S.

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