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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

Woodsville Guaranty Savings Bank was founded in 1889 and is headquartered in Woodsville, New Hampshire. It has $494 million in assets along with deposits totaling $384 million, which makes it a medium-size bank. Woodsville Guaranty Savings Bank lacks premium access to customer service, 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 offerings. On the whole, Woodsville Guaranty Savings Bank is a great choice and should warrant serious consideration, with a rating of 4.2 stars out of 5 from the SmartAsset experts. Woodsville Guaranty Savings Bank offers a full suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Woodsville Guaranty Savings Bank has a fair savings rate; other popular banks have higher rates. Finding an institution with no-fee checking as well as a high interest rate savings account is the best option for returning the most income from your deposits while having convenient access to your funds.

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

With a savings rate of 0.10%, Woodsville Guaranty Savings Bank ranks poorly in comparison to other U.S. banks. Its one-year CD has a rate of 0.45% and the five-year CD has a rate of 1.25%, while its highest-yielding money market account has an APY of 0.15%. Given Woodsville Guaranty Savings Bank's noncompetitive savings rate, you should think about taking a look at other banks for savings accounts.

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 typically has extremely low fees in comparison to the average U.S. bank. Also, at $30.00, its overdraft fee is considerably lower than that of other U.S. banks. Woodsville Guaranty Savings Bank doesn't reimburse out-of-network ATM fees, which means you will be required to locate a Woodsville Guaranty Savings Bank ATM or eat the cost of withdrawal.

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 account access straightforward, even on the go. Woodsville Guaranty Savings Bank's online and mobile banking platforms receive fairly satisfactory scores from customers. With 61 ratings across both iOS and Android platforms, the Woodsville Guaranty Savings Bank mobile app rates a 4.2 out of 5 (compared to the national average of 3.8). Woodsville Guaranty Savings Bank's mobile app allows you to manage your finances by checking monthly statements, transferring money and reaching customer service. Woodsville Guaranty Savings Bank gets a superb consumer satisfaction rating based on comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed 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 owning $494 million in assets and $384 million in deposits. Woodsville Guaranty Savings Bank has an excellent Texas Ratio of 4.03%, suggesting that Woodsville Guaranty Savings Bank is in outstanding financial health and far from 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 Accounts 0.15% APY 0.15% APY $10000 $15000

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 consider other options 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 in comparison to the national average.

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Find a Woodsville Guaranty Savings Bank Near Me

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

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