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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

Overview

Founded in 1895, Guardian Savings Bank has $930 million in assets and deposits totaling $817 million, classifying the institution as 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. We gave Guardian Savings Bank a 3.8 stars out of 5, which means it is a decent bank that leaves room for improvement. Guardian Savings Bank offers a variety of banking products, which include savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. Guardian Savings Bank has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, the bank's standard checking account does not carry a monthly charge. Banks that offer free checking and a high interest rate savings account are your best option for returning the most income on your deposits while having convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.8/5
National Average: 4.1

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

Rates

3.0
SmartAsset Average: 3.5

With a savings rate of 0.10%, Guardian Savings Bank ranks poorly as compared against the national average. Guardian Savings Bank's one-year CD has a rate of 1.50% and the five-year CD has a rate of 2.50%. Given its below average savings rate, you should think about choosing another bank to earn more on your deposits.

How Guardian Savings Bank's Savings Rates Compare

Guardian Savings Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Guardian Savings Bank has typically extremely low fees as compared against the national average. Its checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. Guardian Savings Bank does not refund out-of-network ATM fees, meaning you will be required to locate a Guardian Savings Bank ATM or eat 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

2.5
SmartAsset Average: 3.7

Guardian Savings Bank is a brick-and-mortar bank, with 11 total bank locations in Kentucky and Ohio. With a mobile app, Guardian Savings Bank provides convenient mobile banking, even from home or work. Guardian Savings Bank receives an exceptional consumer satisfaction rating based on comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

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

4.7
SmartAsset Average: 4.8

Guardian Savings Bank ranks as a medium-size bank owning assets totaling $930 million as well as $817 million in deposits. Guardian Savings Bank's Texas Ratio is 7.05%, signifying that Guardian Savings Bank is in fine financial well-being and far from 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

7.05%
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: 1.50% APY
  • 24 Month: 1.70% APY
  • 36 Month: 2.00% APY
  • 48 Month: 2.25% APY
  • 60 Month: 2.50% APY
$500 for all terms

Guardian Savings Bank has 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 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. Guardian Savings Bank's CD rates are fair compared to the average U.S. bank.

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Find a Guardian Savings Bank Near Me

Guardian Savings Bank has 11 physical branches in the U.S.

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