Loading
Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

Gulf Coast Bank and Trust Company Review

Your Details Done
by Updated
Gulf Coast Bank and Trust Company Savings
1.00% 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 manages assets of $2 billion and $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 in-person service, in addition to its online and mobile apps. Coming in at a commendable 4.1 out of 5 stars, Gulf Coast Bank and Trust Company is a respectable bank that should be given a look. Gulf Coast Bank and Trust Company offers a diverse array of product offerings, which include 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; you can find higher rates with other banks. If you're looking for a checking account for everyday use, the bank's most basic checking account does not have a monthly maintenance charge. Using a bank with no-fee checking as well as a high savings APY is the best bet for gaining the most income on your deposits alongside easy access to your funds.

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 features a savings rate of 1.00%, which is poor in comparison to the national average. Gulf Coast Bank and Trust Company's one-year CD has a rate of 2.30% and the five-year CD earns at a rate of 3.00%, while its highest-yielding money market account has an APY of 1.00%. Given its poor savings rate, you should consider taking a look at other banks for savings accounts.

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

Gulf Coast Bank and Trust Company Savings 1.00 National Average 0.26 Compare Offers
Back to Overview

Fees

4.5
SmartAsset Average: 4.4

Gulf Coast Bank and Trust Company charges its customers low fees in comparison to the national average. Its checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. Also, at $35.00, its overdraft fee is lower than the average U.S. overdraft fee. Gulf Coast Bank and Trust Company doesn't reimburse out-of-network ATM charges, which means you will have to locate 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
Back to Overview

Service Quality

4.0
SmartAsset Average: 3.7

Gulf Coast Bank and Trust Company is a brick-and-mortar bank, with 32 total branches in Florida, Louisiana and Texas. With mobile and web apps, Gulf Coast Bank and Trust Company makes account access straightforward, even on the go. It does not offer all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Friday and 8:30 a.m. to 5:00 p.m. PT. Gulf Coast Bank and Trust Company receives fairly high praise from users for its mobile platform. The Gulf Coast Bank and Trust Company mobile app has an overall rating of 4.0 out of 5 (with 52 ratings on Apple and Android) compared to the national average of 3.8. You can utilize Gulf Coast Bank and Trust Company's app to control your accounts by looking at account balances, sending and receiving money and accessing support representatives. Gulf Coast Bank and Trust Company gets an excellent consumer satisfaction score due to comparatively few complaints brought 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
Back to Overview

Financial Health

4.1
SmartAsset Average: 4.8

Gulf Coast Bank and Trust Company is currently a large bank and owns $2 billion in assets and $1 billion in deposits. It has a strong Texas Ratio of 18.39%, signifying a small possibility 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.

Back to Overview

Compare Gulf Coast Bank and Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 1.0% APY $1
Certificates of Deposit
  • 12 Month: 2.30% APY
  • 24 Month: 2.40% APY
  • 36 Month: 2.45% APY
  • 48 Month: 2.50% APY
  • 60 Month: 3.00% APY
$2000 for all terms
Money Market Account 1.0% APY $1

Gulf Coast Bank and Trust Company has several deposit products including 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 think about 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. Gulf Coast Bank and Trust Company's CD rates are fair in comparison to the national average.

Back to Overview

Find a Gulf Coast Bank and Trust Company Near Me

Gulf Coast Bank and Trust Company has 32 physical branches across the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure