Savings

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.
• 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 $1,000 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

• 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.
• Penalty for early withdrawal will apply.

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.
• Penalty for early withdrawal will apply.

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 $250,000 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.