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Woodsville Guaranty Savings Bank Review

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Woodsville Guaranty Savings Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1889, Woodsville Guaranty Savings Bank has $494 million in assets along with deposits totaling $384 million, ranking it as a medium-size bank. Woodsville Guaranty Savings Bank, whose headquarters are in Woodsville, New Hampshire, lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. We ranked the bank at a 4.2 out of 5 stars, indicating that Woodsville Guaranty Savings Bank is a solid contender in your bank search. Woodsville Guaranty Savings Bank has a complete suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. Institutions that offer free checking as well as a high interest rate savings account are your best option for gaining the highest income from your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.2/5
National Average: 4.1

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

Rates

3.0
SmartAsset Average: 3.5

Woodsville Guaranty Savings Bank features a savings rate of 0.10%, which is fair in comparison to other U.S. banks. Woodsville Guaranty Savings Bank's one-year CD has a rate of 0.45% and the five-year CD earns at a rate of 1.25%, while its highest-yielding money market account earns at an APY of 0.15%. Given Woodsville Guaranty Savings Bank's poor savings rate, you should think about opting for higher earning savings accounts with other banks.

How Woodsville Guaranty Savings Bank's Savings Rates Compare

Woodsville Guaranty Savings Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Woodsville Guaranty Savings Bank has generally extremely low fees compared to other U.S. banks. Also, Woodsville Guaranty Savings Bank has an overdraft fee of $30.00, which is significantly lower than that of other U.S. banks. Woodsville Guaranty Savings Bank doesn't refund out-of-network ATM fees, meaning you will have to locate a Woodsville Guaranty Savings Bank ATM or eat the withdrawal fee.

Monthly Fee N/A 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

4.1
SmartAsset Average: 3.7

Woodsville Guaranty Savings Bank is a brick-and-mortar bank, with nine total branches in New Hampshire. With mobile and web apps, Woodsville Guaranty Savings Bank makes mobile banking convenient, even on the go. Woodsville Guaranty Savings Bank gets relatively high praise from customers for its mobile app. Out of 61 customer reviews across Apple and Android platforms, the Woodsville Guaranty Savings Bank mobile app has an overall rating of 4.2 out of 5 (compared to the national average of 3.8). Woodsville Guaranty Savings Bank's mobile app lets you control your funds by reviewing account balances, sending and receiving money as well as accessing support representatives. Woodsville Guaranty Savings Bank receives a superb consumer satisfaction score due to relatively few complaints registered with 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

4.8
SmartAsset Average: 4.8

Woodsville Guaranty Savings Bank is a medium-size bank with assets totaling $494 million as well as deposits totaling $384 million. Woodsville Guaranty Savings Bank's Texas Ratio is 4.03%, suggesting a low chance of failure. Additionally, Woodsville Guaranty Savings Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

4.03%
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 Woodsville Guaranty Savings Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $100
Checking Account 0.05% APY $500
Certificates of Deposit
  • 12 Month: 0.45% APY
  • 24 Month: 0.80% APY
  • 36 Month: 0.85% APY
  • 48 Month: 0.90% APY
  • 60 Month: 1.25% APY
$1000 for all terms
Money Market Account 0.15% APY $10000

Woodsville Guaranty Savings Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Woodsville Guaranty Savings Bank 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. Woodsville Guaranty Savings Bank's CD rates are fair compared to the national average.

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Find a Woodsville Guaranty Savings Bank Near Me

Woodsville Guaranty Savings Bank has nine locations in the U.S.

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