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Gulf Coast Bank and Trust Company Review

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Gulf Coast Bank and Trust Company Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Gulf Coast Bank and Trust Company first started operating in 1990 with its headquarters in New Orleans, Louisiana. Gulf Coast Bank and Trust Company has assets of $2 billion as well as $1 billion in deposits, classifying it as a large bank. Gulf Coast Bank and Trust Company lacks premium access to support representatives, with no live chat or all-day service options available. 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. Overall, Gulf Coast Bank and Trust Company is a respectable bank that deserves your consideration, with a score of 4.1 out of 5 stars from our experts. Gulf Coast Bank and Trust Company has a complete selection of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Gulf Coast Bank and Trust Company has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, the bank's standard checking does not have a monthly maintenance fee. Locating an institution with no-fee checking as well as a high interest rate savings account is the best option for getting the highest income from your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

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

Rates

3.7
SmartAsset Average: 3.5

Gulf Coast Bank and Trust Company has a savings rate of 0.25%, which is fair as compared against the national average. Gulf Coast Bank and Trust Company's CDs feature a rate of 1.00% and 1.50% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.77%. Given its poor savings rate, you should think about choosing another bank to earn more on your deposits.

How Gulf Coast Bank and Trust Company's Savings Rates Compare

Gulf Coast Bank and Trust Company Savings 0.25 National Average 0.26 Compare Offers
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Fees

4.5
SmartAsset Average: 4.4

Gulf Coast Bank and Trust Company generally has low fees compared to other U.S. banks. With no monthly fee, Gulf Coast Bank and Trust Company's checking account is ideal for people who want a hassle-free checking account. Additionally, it has an overdraft fee of $35.00, which is on par with the national average. Gulf Coast Bank and Trust Company unfortunately does not refund out-of-network ATM charges, which means you will have to search for a Gulf Coast Bank and Trust Company ATM or accept the cost of withdrawal.

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

4.0
SmartAsset Average: 3.7

Gulf Coast Bank and Trust Company is a brick-and-mortar bank, with 32 total bank locations in Florida, Louisiana and Texas. It also offers access to mobile and web apps for a straightforward mobile-banking experience. 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 8:30 a.m. to 5:00 p.m. PT. Gulf Coast Bank and Trust Company gets fairly satisfactory scores from customers for its online presence. With 52 customer reviews on both Apple and Android platforms, the Gulf Coast Bank and Trust Company mobile app rates a 4.0 out of 5 (compared to the national average of 3.8). Gulf Coast Bank and Trust Company's mobile app lets you manage your accounts by reviewing current statements, transferring funds as well as accessing support representatives. Gulf Coast Bank and Trust Company gets a superb consumer satisfaction rating due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.1
SmartAsset Average: 4.8

Gulf Coast Bank and Trust Company is currently a large bank with assets totaling $2 billion and $1 billion in deposits. It has a strong Texas Ratio of 18.39%, signifying a small opportunity of failure. Additionally, Gulf Coast Bank and Trust Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

18.39%
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 Gulf Coast Bank and Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $1
Certificates of Deposit
  • 12 Month: 1.00% APY
  • 24 Month: 1.25% APY
  • 36 Month: 1.30% APY
  • 48 Month: 1.40% APY
  • 60 Month: 1.50% APY
$2000 for all terms
Money Market Account 0.77% APY $1

Gulf Coast Bank and Trust Company offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Gulf Coast Bank and Trust Company does not have the best savings rate, which means you should consider looking 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. Gulf Coast Bank and Trust Company's CD rates are fair compared to other U.S. banks.

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Find a Gulf Coast Bank and Trust Company Near Me

Gulf Coast Bank and Trust Company has 32 physical locations in the U.S.

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