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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


Started in 1913, Guaranty Bank & Trust has $2 billion in assets as well as $2 billion in deposits, making it a large bank. Guaranty Bank & Trust, whose headquarters are in Mount Pleasant, Texas, has above-average access to customer service with a live chat feature, which is helpful for those that work during typical customer service hours. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. We gave the bank a 4.5 stars out of 5, which means Guaranty Bank & Trust is an excellent bank that you should seriously consider. Guaranty Bank & Trust offers a full array of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Guaranty Bank & Trust has a fair savings rate compared to the average savings account. The bank's standard checking account has a monthly fee of $5.00, which places it at the higher end of monthly fees. Finding a checking account with no monthly fee as well as a savings account with a high APY at the same bank is the best option for getting the most income on your deposits while maintaining 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 the average U.S. bank. Its CD rates are 1.61% and 2.68% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.90%. Given its below average savings rate, you should think about opting for higher earning savings accounts with other banks.

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

Guaranty Bank & Trust typically has average fees compared to the average U.S. bank. Its checking account has a monthly fee of $5.00, rating it fair for anyone looking for a hassle-free account. For those who will need cash in a pinch, it is perfect because it charges no out-of-network ATM fees. Guaranty Bank & Trust does not refund out-of-network ATM charges, meaning you'll have to locate a Guaranty Bank & Trust ATM or eat the withdrawal 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 convenient, even on the go. It does not offer all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday and 8:00 a.m. to 7:00 p.m. CT.. Guaranty Bank & Trust also offers a live chat feature, a helpful way to reach a representative during the work day. Guaranty Bank & Trust's online and mobile banking services get great scores from users. The Guaranty Bank & Trust mobile app scored a 4.5 out of 5 (out of 440 reviews on iOS and Android) compared to the national average of 3.8. You can utilize Guaranty Bank & Trust's mobile app to control your finances by looking at monthly statements, sending and receiving money and reaching support representatives. Guaranty Bank & Trust gets an outstanding consumer satisfaction rating due to relatively few consumer complaints filed with 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

SmartAsset Average: 4.8

Guaranty Bank & Trust is currently a large bank with assets totaling $2 billion as well as deposits totaling $2 billion. It has an excellent Texas Ratio of 2.83%, suggesting that the bank is in terrific financial shape and unlikely to fail. 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 including 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 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 & Trust's CD rates are fair as compared against the national average.

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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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