Liberty Bank and Trust Company first started operating in 1972 with headquarters located in New Orleans, Louisiana. It manages $605 million in assets as well as $550 million in deposits, ranking it as a medium-size bank. Liberty Bank and Trust Company lacks premium access to support representatives, 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 apps. Overall, Liberty Bank and Trust Company is a good bank that deserves your consideration, with a rating of 4.0 out of 5 stars from the SmartAsset team. 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. It has a fair savings rate compared to the average savings account. The bank's standard checking product has a monthly fee of $2.00, which is not too high in comparison to the national average. Locating an institution with free checking as well as a high interest rate savings account is the best option for accruing the most income from your deposits while having convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Liberty Bank and Trust Company has a savings rate of 0.65%, which is poor in comparison to the national average. Liberty Bank and Trust Company's one-year and five-year term lengths CDs earn at a rate of 0.81% and 1.40%, respectively, while its highest-yielding money market account has a rate of 0.15%. Given its poor 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 charges its customers high fees in comparison to the average U.S. bank. At $2.00 per month, Liberty Bank and Trust Company is not great for people who want a simple banking experience. Liberty Bank and Trust Company unfortunately doesn't reimburse out-of-network ATM fees, which means you'll have to locate a Liberty Bank and Trust Company ATM or eat the ATM charge.
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. With mobile and web apps, Liberty Bank and Trust Company makes mobile banking straightforward, even on the go. It does not provide access to all-day customer service with 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's online and mobile banking services receive mediocre feedback from users. The Liberty Bank and Trust Company mobile app scored a 3.1 out of 5 (with 36 reviews on iOS and Android) compared to the national average of 3.8. You can utilize Liberty Bank and Trust Company's app to manage your bank accounts by reviewing current statements, transferring money as well as accessing customer service. Liberty Bank and Trust Company receives a superb consumer satisfaction rating based on relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
Liberty Bank and Trust Company ranks as a medium-size bank owning $605 million in assets as well as $550 million in deposits. Its Texas Ratio is 7.61%, indicating a tiny chance of 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
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
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.65% APY||$1|
|Checking Account||0.15% APY||$1|
|Certificates of Deposit|| ||$1 for all terms|
|Money Market Account||0.15% APY||$1|
Liberty Bank and Trust Company offers several deposit products like savings accounts, checking accounts and CDs that provide you with 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 compared to the average U.S. bank.Back to Overview
Find a Liberty Bank and Trust Company Near Me
Liberty Bank and Trust Company has 23 physical branches in the U.S.Back to Overview