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Guaranty Bank and Trust Company Review

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Guaranty Bank and Trust Company Savings
0.11% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Guaranty Bank and Trust Company started in 1955 and has its headquarters in Denver, Colorado. It handles $4 billion in assets and deposits totaling $3 billion, which makes it a large bank. Guaranty Bank and Trust Company has top-rate access to customer service, with live chat and all-day support available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. We ranked Guaranty Bank and Trust Company at a 4.5 stars out of 5, indicating that it is a superb bank that would be a perfect pick. Guaranty Bank and Trust Company has the complete package of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, the bank's most basic checking account does not carry a monthly fee. Finding a checking account with no monthly fee and a savings account with a high interest rate at the same institution is the best bet for accruing the most income from your deposits while having convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.5/5
National Average: 4.1

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

Rates

3.2
SmartAsset Average: 3.5

Guaranty Bank and Trust Company features a savings rate of 0.11%, which is fair compared to the average U.S. bank. Guaranty Bank and Trust Company's one-year CD earns at a rate of 0.60% and the five-year CD has a rate of 2.02%, while its highest-yielding money market account has an APY of 0.15%. Given its below average savings rate, you should think about looking elsewhere to open savings accounts.

How Guaranty Bank and Trust Company's Savings Rates Compare

Guaranty Bank and Trust Company Savings 0.11 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

On average, Guaranty Bank and Trust Company charges its customers extremely low fees in comparison to the average U.S. bank. With no monthly fee, Guaranty Bank and Trust Company's checking account is perfect for people who want a hassle-free banking experience. Guaranty Bank and Trust Company unfortunately does not reimburse out-of-network ATM charges, meaning you will need to locate a Guaranty Bank and Trust Company ATM or eat the cost of withdrawal.

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

4.7
SmartAsset Average: 3.7

Guaranty Bank and Trust Company is a brick-and-mortar bank, with 32 total branches in Colorado. With mobile and web apps, Guaranty Bank and Trust Company makes account access convenient, even on the go. It has access to all-day customer service. Guaranty Bank and Trust Company also offers a live chat feature, giving customers an easy access point throughout the day. Guaranty Bank and Trust Company gets high praise from customers for its mobile app. The Guaranty Bank and Trust Company mobile app is rated at 4.5 out of 5 (out of 360 ratings on iOS and Android) compared to the national average of 3.8. Guaranty Bank and Trust Company's mobile app allows you to manage your finances by checking account balances, sending and receiving money and reaching support representatives. Guaranty Bank and Trust Company receives a superb consumer satisfaction score based on relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.5/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

5.0
SmartAsset Average: 4.8

Guaranty Bank and Trust Company is a large bank with $4 billion in assets and $3 billion in deposits. Guaranty Bank and Trust Company's Texas Ratio is 1.21%, signifying that Guaranty Bank and Trust Company is in terrific 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

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 0.11% APY $100
Checking Account 0.1% APY $1500
Certificates of Deposit
  • 12 Month: 0.60% APY
  • 24 Month: 1.26% APY
  • 36 Month: 1.61% APY
  • 60 Month: 2.02% APY
$1000 for all terms
Money Market Account 0.15% APY $25000

Guaranty Bank and Trust Company has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Guaranty Bank and Trust Company does not have the best savings rate, which means you should think about taking a look 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 in comparison to the national average.

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Find a Guaranty Bank and Trust Company Near Me

Guaranty Bank and Trust Company has 32 physical locations in the U.S.

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