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Gulf Coast Bank Review

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Gulf Coast Bank Savings
0.01% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Gulf Coast Bank was founded in 1971 with headquarters in Abbeville, Louisiana. Gulf Coast Bank manages assets of $380 million and deposits totaling $332 million, making it a small bank. Gulf Coast Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Overall, Gulf Coast Bank is a great choice and should warrant serious consideration, with a score of 4.2 out of 5 stars from the SmartAsset team. Gulf Coast Bank provides customers with a full suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs and credit cards. It has a fair savings rate; other popular banks have higher rates. The bank's standard checking account carries a $2.50 monthly fee, which is acceptable in comparison to the national average. Institutions that offer free checking as well as a high interest rate savings account are the best bet for gaining the highest income from your deposits alongside 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

With a savings rate of 0.01%, Gulf Coast Bank ranks poorly as compared against the national average. Its one-year CD earns at a rate of 1.56% and the five-year CD earns at a rate of 2.52%, while its highest-yielding money market account has an APY of 0.15%. Given its poor savings rate, you should consider taking a look at other banks for savings accounts.

How Gulf Coast Bank's Savings Rates Compare

Gulf Coast Bank Savings 0.01 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, Gulf Coast Bank charges customers low fees in comparison to other U.S. banks. Gulf Coast Bank's checking account has a monthly fee of $2.50, which makes it slightly worse for anyone looking for a simple account. Also, at $30.00, it has a significantly lower overdraft fee compared to the national average overdraft fee. Gulf Coast Bank does not reimburse out-of-network ATM fees, which means you will need to find a Gulf Coast Bank ATM or pay the fee.

Monthly Fee $2.50 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $30.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Gulf Coast Bank is a brick-and-mortar bank, with 13 total bank locations in Louisiana. With mobile and web apps, Gulf Coast Bank makes account access easy, even on the go. Gulf Coast Bank receives relatively satisfactory reviews from customers for its mobile banking services. Out of 51 ratings across iOS and Android platforms, the Gulf Coast Bank mobile app rates a 4.2 out of 5 (compared to the national average of 3.8). Gulf Coast Bank's mobile app allows you to manage your bank accounts by checking account balances, sending and receiving funds as well as accessing support representatives. Gulf Coast Bank gets a superb consumer satisfaction score based on relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Gulf Coast Bank is a small bank owning $380 million in assets and deposits totaling $332 million. Its Texas Ratio is 11.38%, denoting that Gulf Coast Bank is in fine financial well-being and far from failure. Additionally, Gulf Coast 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 Gulf Coast Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.01% APY $100
Checking Account 0.1% APY $1500
Certificates of Deposit
  • 12 Month: 1.56% APY
  • 24 Month: 2.02% APY
  • 36 Month: 2.07% APY
  • 60 Month: 2.52% APY
$1000 for all terms
Money Market Account 0.15% APY $5000

Gulf Coast Bank has 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 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's CD rates are fair as compared against the national average.

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Find a Gulf Coast Bank Near Me

Gulf Coast Bank has 13 branches in the U.S.

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