Savings

 

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Whatever your reason for saving, Guaranty Bank makes it easy! Come visit us today and choose from a variety of options to meet your savings goals.

Minor Savings

  • No service charge to depositors 18 and under.
  • Only $25 minimum balance to open and a $25 minimum daily balance required to earn interest.

 

Regular Savings Account

  • Only $50 minimum balance to open
  • $100 minimum daily balance required to earn interest
  • Interest is compounded and credited quarterly
  • A maximum of six pre-authorized withdrawals or transfers allowed per month
  • Unlimited withdrawals are allowed if made in person
  • Only $2 monthly fee if balance falls below $100 on any day of the statement cycle.

 

Money Market Account

  • The interest rate is tiered and determined by the level of your daily collected balance
  • Six pre-authorized transfers are allowed per statement cycle, three of which may be a check, draft or similar order to a third party 
  • Only $50.00  minimum balance to open 
  • Only $1000 minimum daily balance required to earn interest
  • Only $10.00 monthly fee if balance falls below $1000 on any day of the statement cycle

 

High Yield Savings

  • Tiered interest 
  • Instant liquidity - unlimited withdrawals if made in person 
  • Pre-authorized, electronic or telephone transactions are not allowed 
  • Only $50 minimum balance to open 
  • Only $1000 minimum daily balance required to earn interest 
  • Only $10.00 monthly fee if balance falls below $1000 on any day of the statement cycle

 

Individual Retirement Accounts

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  • IRA accounts may be started with as little as $50 and future deposits can be as low as $25.
  • Fixed rate IRA accounts require a $1,000 minimum balance to open and the rate can be set for one to six years.  Contact any Guaranty Bank office for additional details. 

 

 Certificate of Deposit

  • Guaranty Bank's Certificates of Deposit offer fixed rates of interest over terms ranging from 91 days to 6 years
  • $1000 minimum deposit to open

Many savers find it convenient to have several CDs, staggered to mature at different times - for example, a 91 day for money which you may need in the near future, a 12-Month for money which you may need next year, and a 36-Month for funds which are earmarked for longer term savings. This method provides a measure of liquidity, while returning higher interest rates than traditional checking and savings accounts.

Vacation Club Account

  • Makes saving for vacation easy.  Simply make small deposits each week and you will receive an ACH credit or check on the distribution date with interest included. 
  • Opening Balance Requirement: $5.00 
  • Minimum Deposit Amount: $5.00
  • Annual Distribution Date: May 15
  • Penalty for early withdrawal: loss of all accrued interest.

Christmas Club Account

  • Start Saving for the Holiday Season! 
  • No service charge. 
  • Minimum deposit of $5.00
  • Convienience of automatic funds transferred from a checking or savings account monthly.
  • On the last day of October, the money your Christmas Club account will be   automatically transferred back to your checking or savings account…just in time for Holiday expenses.
  • Penalty for early withdrawal: loss of all accrued interest.

At Guaranty Bank , our personal Checking, Savings, Certificates of Deposit, CD-style IRAs, Vacation Club accounts, and Money Market Accounts are all covered by Federal Deposit Insurance.  Each depositor is insured up to $100,000 by the FDIC, an agency of the U.S. government.

*APY is the rate actually earned or paid in one year, taking into account the effect of compounding.