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

Liberty Bank and Trust Company Review

Your Details Done
by Updated
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Liberty Bank and Trust Company Savings
0.65% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1972, Liberty Bank and Trust Company has $605 million in assets as well as $550 million in deposits, making it a medium-size bank. Liberty Bank and Trust Company, whose headquarters are in New Orleans, Louisiana, lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. With a commendable 4 out of 5 stars, Liberty Bank and Trust Company proves it is a respectable bank that should be given a look. Liberty Bank and Trust Company provides customers with an array product offerings, which include savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. Liberty Bank and Trust Company has a fair savings rate compared to the average savings account. The bank's standard checking product has a $2.00 monthly fee, which is acceptable as compared against the national average. Finding a bank with free checking, in addition to a high interest rate savings account is the best option for returning the highest income from your deposits while having convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.0/5
National Average: 4.1

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

Rates

4.3
SmartAsset Average: 3.5

With a savings rate of 0.65%, Liberty Bank and Trust Company ranks poorly compared to the average U.S. bank. Liberty Bank and Trust Company's one-year CD has a rate of 0.81% and the five-year CD has a rate of 1.40%, while its highest-yielding money market account earns at a rate of 0.15%. Given Liberty Bank and Trust Company's noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

How Liberty Bank and Trust Company's Savings Rates Compare

Liberty Bank and Trust Company Savings 0.65 National Average 0.26 Compare Offers
Back to Overview

Fees

3.5
SmartAsset Average: 4.4

Liberty Bank and Trust Company generally has high fees compared to the national average. Liberty Bank and Trust Company's checking account has a monthly fee of $2.00, which makes it slightly worse for anyone looking for a hassle-free account. Liberty Bank and Trust Company doesn't refund out-of-network ATM fees, which means you will have to find a Liberty Bank and Trust Company ATM or eat the withdrawal fee.

Monthly Fee $2.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

3.5
SmartAsset Average: 3.7

Liberty Bank and Trust Company is a brick-and-mortar bank, with 23 total bank locations in Alabama, Illinois, Kansas, Louisiana, Michigan, Mississippi, Missouri and Texas. It also offers access to mobile and web apps for a straightforward mobile-banking experience. It does not have all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday and 9:00 a.m. to 5:00 p.m. CT. Liberty Bank and Trust Company receives poor marks from customers for its mobile banking services. The Liberty Bank and Trust Company mobile app has been given a 3.1 out of 5 (out of 36 ratings on Apple and Android) compared to the national average of 3.8. Liberty Bank and Trust Company's mobile app allows you to control your accounts by looking at account balances, transferring funds and accessing customer service. Liberty Bank and Trust Company receives an excellent consumer satisfaction score based on relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.1/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.7
SmartAsset Average: 4.8

Liberty Bank and Trust Company is a medium-size bank with $605 million in assets as well as $550 million in deposits. Liberty Bank and Trust Company's Texas Ratio is 7.61%, denoting that Liberty Bank and Trust Company is in fine financial condition and far from failure. Additionally, Liberty 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

7.61%
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 Liberty Bank and Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.65% APY $1
Checking Account 0.15% APY $1
Certificates of Deposit
  • 12 Month: 0.81% APY
  • 24 Month: 1.03% APY
  • 36 Month: 1.17% APY
  • 48 Month: 1.25% APY
  • 60 Month: 1.40% APY
$1 for all terms
Money Market Accounts 0.15% APY 0.15% APY $10000 $15000

Liberty Bank and Trust Company has several deposit products like savings accounts, checking accounts and CDs to give you many options to manage your money. Liberty Bank and Trust Company 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. Liberty Bank and Trust Company's CD rates are fair in comparison to the national average.

Back to Overview

Find a Liberty Bank and Trust Company Near Me

Liberty Bank and Trust Company has 23 branches in 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