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Guaranty Bank & Trust Review

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Guaranty Bank & Trust Savings
0.45% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


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.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

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

Guaranty Bank & Trust Savings 0.45 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

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.

Monthly Fee $5.00 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

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.

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

SmartAsset Average: 4.8

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.

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Compare Guaranty Bank & Trust to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.45% APY $250
Checking Account 0.45% APY $2500
Certificates of Deposit
  • 12 Month: 1.61% APY
  • 24 Month: 1.91% APY
  • 36 Month: 2.37% APY
  • 48 Month: 2.52% APY
  • 60 Month: 2.68% APY
$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.

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Find a Guaranty Bank & Trust Near Me

Guaranty Bank & Trust has 36 locations across the U.S.

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