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Guardian Savings Bank Review

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Guardian Savings Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Started in 1895, Guardian Savings Bank has $930 million in assets as well as deposits totaling $817 million, which makes the institution a medium-size bank. Guardian Savings Bank, whose headquarters are in West Chester, Ohio, lacks premium access to customer service, with no options for live chat or all-day service. 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. On the whole, Guardian Savings Bank is a decent choice, but with better options out there, with a rating of 3.8 out of 5 stars from the SmartAsset team. Guardian Savings Bank provides customers with multiple banking products, which include savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. Guardian Savings Bank 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 have a monthly fee. Finding a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same bank is your best option for gaining the most income on your deposits while having easy access to your funds.

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

With a savings rate of 0.10%, Guardian Savings Bank ranks poorly in comparison to the national average. Its one-year CD earns at a rate of 0.50% and the five-year CD has a rate of 1.50%. Given Guardian Savings Bank's below average savings rate, you should think about taking a look at other banks for savings accounts.

How Guardian Savings Bank's Savings Rates Compare

Guardian Savings Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Guardian Savings Bank charges its customers extremely low fees in comparison to the average U.S. bank. Guardian Savings Bank's checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. Guardian Savings Bank unfortunately does not refund out-of-network ATM charges, which means you'll need to locate a Guardian Savings Bank ATM or accept the withdrawal fee.

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

SmartAsset Average: 3.7

Guardian Savings Bank is a brick-and-mortar bank, with 11 total bank locations in Kentucky and Ohio. It also offers access to a web app, for a straightforward online-banking experience. Guardian Savings Bank gets an exceptional consumer satisfaction score due to relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

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

SmartAsset Average: 4.8

Guardian Savings Bank ranks as a medium-size bank owning $930 million in assets as well as $817 million in deposits. It has a strong Texas Ratio of 7.05%, suggesting a tiny opportunity of failure. Additionally, Guardian Savings Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

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 Guardian Savings Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $100
Checking Account 0.15% APY $2500
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 0.70% APY
  • 36 Month: 1.00% APY
  • 48 Month: 1.25% APY
  • 60 Month: 1.50% APY
$500 for all terms

Guardian Savings Bank offers several deposit products including savings accounts, checking accounts and CDs that provide you with many options to manage your money. Guardian Savings Bank does not have the best savings rate, which means you should consider 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. Guardian Savings Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a Guardian Savings Bank Near Me

Guardian Savings Bank has 11 locations in the U.S.

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