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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

Started in 1955, Guaranty Bank and Trust Company has assets totaling $4 billion as well as deposits totaling $3 billion, ranking the institution as a large bank. Guaranty Bank and Trust Company, whose headquarters are in Denver, Colorado, has superior access to customer service, with live chat and all-day support available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. On the whole, Guaranty Bank and Trust Company is an exceptional bank that would be an ideal pick, with a score of 4.5 out of 5 stars from our experts. Guaranty Bank and Trust Company provides customers with a complete suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, 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 standard checking does not have a monthly maintenance fee. Finding a checking account with no monthly fee, in addition to a savings account with a high APY at the same institution is the best bet for accruing the most income from your deposits while maintaining easy 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

With a savings rate of 0.11%, Guaranty Bank and Trust Company ranks poorly compared to the average U.S. bank. Its one-year and five-year term lengths CDs earn at a rate of 0.60% and 2.02%, respectively, while its highest-yielding money market account earns at a rate of 0.15%. Given its noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

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

Guaranty Bank and Trust Company charges its customers extremely low fees in comparison to the national average. With no monthly fee, Guaranty Bank and Trust Company's checking account is ideal for people who need an easy banking experience. Guaranty Bank and Trust Company unfortunately doesn't refund out-of-network ATM fees, meaning you'll be required to locate a Guaranty Bank and Trust Company ATM or pay 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 mobile banking convenient, even on the go. It has access to all-day customer service. Additionally, Guaranty Bank and Trust Company offers a live chat feature, an alternative customer service tool if you can't call in during business hours. Guaranty Bank and Trust Company's online and mobile banking platforms get high praise from customers. With 360 ratings across both Apple and Android platforms, the Guaranty Bank and Trust Company mobile app rates a 4.5 out of 5 (compared to the national average of 3.8). Guaranty Bank and Trust Company's mobile app allows you to control your funds by reviewing current statements, transferring funds and accessing support representatives. Guaranty Bank and Trust Company gets an exceptional consumer satisfaction score based on comparatively few complaints brought 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 assets totaling $4 billion and deposits totaling $3 billion. Guaranty Bank and Trust Company's Texas Ratio is 1.21%, indicating that Guaranty Bank and Trust Company is in terrific financial condition and far from failure. 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 offers several deposit products like 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 think about other options 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 average U.S. bank.

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Find a Guaranty Bank and Trust Company Near Me

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

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