Guaranty Bank & Trust first started operating in 1913 and has its headquarters in Mount Pleasant, Texas. Guaranty Bank & Trust has assets of $2 billion along with deposits totaling $2 billion, making it a large bank. Guaranty Bank & Trust has above-average customer service access with a live chat feature, great for getting help during the work week. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. SmartAsset has rated Guaranty Bank & Trust 4.5 stars out of 5, which means it is among the best banks, and should be given serious consideration. Guaranty Bank & Trust provides customers with the complete slate of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Guaranty Bank & Trust has a fair savings rate; you can find higher rates with other banks. The bank's standard checking product maintains a monthly fee of $5.00, although banks sometimes have requirements that allow you to waive the fee. Finding an institution with no-fee checking as well as a high interest rate savings account is the best option for accruing the most income from your deposits alongside convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Guaranty Bank & Trust features a savings rate of 0.45%, which is fair in comparison to other U.S. banks. Its one-year and five-year term lengths CDs earn at a rate of 1.61% and 2.68%, respectively, while its highest-yielding money market account has a rate of 0.90%. Given its below average savings rate, you should consider choosing another bank to earn more on your deposits.
How Guaranty Bank & Trust's Savings Rates Compare
On average, Guaranty Bank & Trust charges its customers average fees as compared against the national average. Its checking account has a monthly fee of $5.00, ranking it fair for anyone looking for a simple account. For those who withdraw cash frequently, Guaranty Bank & Trust is ideal because it charges no out-of-network ATM fees. Guaranty Bank & Trust unfortunately does not refund out-of-network ATM charges, meaning you'll have to locate a Guaranty Bank & Trust ATM or eat the fee.
Guaranty Bank & Trust is a brick-and-mortar bank, with 36 total bank locations in Texas. With mobile and web apps, Guaranty Bank & Trust makes account access straightforward, even on the go. It does not provide access to all-day customer service with representatives. You can get help during its hours, which are Monday through Friday and 8:00 a.m. to 7:00 p.m. CT.. Additionally, Guaranty Bank & Trust offers a live chat feature, an alternative customer service tool if you can't call in during business hours. Guaranty Bank & Trust gets high marks from customers for its mobile banking services. Out of 440 ratings on both iOS and Android platforms, the Guaranty Bank & Trust mobile app is scored at 4.5 out of 5 (compared to the national average of 3.8). You can utilize Guaranty Bank & Trust's app to control your bank accounts by checking current statements, transferring funds and accessing support representatives. Guaranty Bank & Trust gets an excellent consumer satisfaction score based on relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
Guaranty Bank & Trust is currently a large bank with $2 billion in assets and deposits totaling $2 billion. Its Texas Ratio is 2.83%, suggesting that the bank is in superb financial well-being and far from failure. Additionally, Guaranty Bank & Trust 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.Back to Overview
Compare Guaranty Bank & Trust to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.45% APY||$250|
|Checking Account||0.45% APY||$2500|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Account||0.8% APY||$2500|
Guaranty Bank & Trust has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Guaranty Bank & Trust does not have the best savings rate, which means you should consider 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 & Trust's CD rates are fair compared to the average U.S. bank.Back to Overview
Find a Guaranty Bank & Trust Near Me
Guaranty Bank & Trust has 36 locations across the U.S.Back to Overview