First Guaranty Bank (LA/TX) Adds 5-Year CD Special


Deal Summary: 5-year CD Special, 3.75% APY, $500 minimum deposit, new money.

Availability: Market area includes nine Louisiana parishes and five Texas counties.

Louisiana-based First Guaranty Bank wants you to ”Get Fixated On Our CDs.” The object of this fixation is a 5-year CD earning 3.75% APY. The minimum deposit is $500 of new money, which is defined as funds in an existing First Guaranty Bank account.

According to the promotion page, this is a limited-time offer, with the rate “only available for the first $20 million deposited.”

According to CSR, the Early Withdrawal Penalty for the 5-year CD Special is 2 years interest.

As stated in the fine print on the promotion page,

At maturity, the CD will automatically renew for same term at
the prevailing rate unless redeemed within 10 days of maturity.

Thanks to DA reader, Duck, for the Forum post about First Guaranty’s 5-year CD.


Headquartered in Hammond, Louisiana, First Guaranty Bank’s market area has historically been limited to Louisiana, but the 2017 acquisition of Texas-based Synergy Bank, SSB extended the Bank's footprint into five Texas counties, including Dallas County.

Opening a CD Special can be done at any of the 22 Louisiana branches located in Bossier, Caddo, Claiborne, Jefferson Davis, Lincoln, Livingston, Tangipahoa, St. Helena, and Vermilion Parishes.

First Guaranty also has five Texas branches in Denton, Fort Worth, Garland, McKinney, and Waco, which were gained in the 2017 acquisition.

First Guaranty Bank’s online banking platform is currently limited to account management and bill payment services.

Bank Overview

First Guaranty Bank has an overall health grade of "B+” at, with a Texas Ratio of 5.44% (excellent), based on June 30, 2018 data. First Guaranty Bank has an above average capitalization level (10.24%), the result of holding $1.72 billion in assets with $176 million in equity. Please refer to our financial overview of First Guaranty Bank (FDIC Certificate # 14028) for more details.

Founded in 1934 as the Guaranty Bank & Trust Company, First Guaranty Bank is currently Louisiana’s sixth largest bank, with more than $1.7 billion and nearly 45,000 customer accounts. The name change in 1971 was just the beginning of almost 50 years of growth and acquisitions. In 1999, 13 branches from Chicago-based Bank One were purchased and First Southwest Bank (LA) was acquired; between 2001 and 2011, three more Louisiana banks were acquired. In early 2017, First Guaranty Bank acquired the Texas-based Premier Bancshares, the parent company of Synergy Bank, SSB.

How the CD Special Compares

When compared to other similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the Bank’s market area, First Guaranty Bank’s 5-year CD Special APY currently ranks first.

The above rates are accurate as of 10/25/2018.

Searching for the best CD rates, either nationally available or state-specific? Please refer to our CD Rates Table page.

Related Pages: Shreveport CD rates, New Orleans CD rates, Dallas CD rates, Waco CD rates, Monroe CD rates, Lafayette CD rates, Alexandria CD rates, Baton Rouge CD rates, 5-year CD rates

  |     |   Comment #1
5 year CD rates (among the leaders) seem to be creeping ever so slowly
closer to 4%. My question to other members is whether that would even be sufficient now? Imagine PenFed shocked us all with a 4% offer towards year end. Who among us with maturing 3% Certificates at PenFed
would immediately renew? I suppose I might do so myself, but not without considerable deliberation.
  |     |   Comment #2
I think you've got to pick your spots. I've picked up 2 of the better CD deals this year the first the 64 Month 4% Sharonview deal with available liquidity at that time. The second was the Freedom 30 month 3.56% deal after breaking another CD. I have a ladder with 2 more CD's due to mature early/mid 2019 so hoping rates continue higher. While rates are likely to rise there is no guarantee as things can change quite quickly on a number of fronts.
  |     |   Comment #6
If Penfed offers a 4% 5 year at the end of the year and that is the highest I can get I would definitely open it and I wouldn't have to think twice about it... I do a 5 year ladder so I have some CDs maturing all the time.
  |     |   Comment #3
I would put some funds into a 5 year, 4% CD. It would be nice if Pen Fed came out with one since I have those 3%'ers maturing in December.
  |     |   Comment #4
I doubt Penfed would be the 1st institution ro offer a 4% long term CD. They have not offered the highest rate CDs for a long time. I have a Penfed CD maturing in December and most likely those funds will be going to another institution. The other CD I have left with them is a 10 year CD paying 5% that has a few more years to go.
  |     |   Comment #5
I agree about PenFed. I opened a 100K+ 5 year at 3.3% APY CD earlier this month and then realized I would do more than $1500 better after 5 years with the US Senate FCU 5-year CD. So, I closed the PenFed CD and bit the bullet to open (yet another) credit union account at USSFCU. The process wasn't too painful, but I wish I could have kept the money at PenFed. I might soon regret opening a 5-year CD at the 100K+ level at only 3.63% APY, but I have much more laddered over the years to come, and CDs maturing throughout each year. So, I went ahead and bit at the 3.63% CD. I sure wish PenFed would boost their rates to be a leader again.
  |     |   Comment #7
It's been about 5 -6 years since PenFed has set the pace for rates. I have several CD's maturing in January and February and the funds will likely be heading elsewhere if their rates aren't competitive.
It's a shame too, I've been with them for well over 20 years. People are loyal to a point,.... maybe 10 basis points.
  |     |   Comment #8
PenFed? With their terrible EWP? No thank you, not anymore.
Not to mention they've been behind the pack for years now.
Thankfully there are other places with higher rates and better EWP.
Too bad this CU is LA/TX only, but I did get Sharonview's 4%, and as well, a more recent 3.25% for a short term one with good EWP.
  |     |   Comment #9
Though 3.75% isn't bad for those in the service area, it probably isn't worth it for anyone to travel to get this rate, especially when USSFCU offers 3.63% open to anyone.

But this reminds me of the "good old days", when people used to actually travel in order to get great CD deals. I travelled to different states twice (once half way across the country, the other time the other end of the country) because at a certain amount, with a cheap in-and-out flight, the math made sense, and looking back, it was totally worth it (plus, I got to see a bit of two cities I never would have seen otherwise). But the only real standout deal over the last year or so was Sharonview, and they allowed people to join without coming into a branch. If a 5% deal pops up that requires a branch visit, I'm sure the travellers will start up again!
  |     |   Comment #11
I never traveled far for CDs. Many users ago I would open CDs via mail to earn high CD rates. Advanta was one of those banks.
  |     |   Comment #12
sorry years not users
  |     |   Comment #21
Actually this ended up being 3.8% APR for five years. It depends on the customer option of quarter or annual interest accrual (not sure why anyone would opt for annual). Anyway just added a rung to my CD ladder.
  |     |   Comment #22
As of 12-27 good rates are gone, e.g.
3.0% for the 5yr
First Guaranty Bank (LA/TX) Adds 5-year CD Special
Deal Summary: CD Specials – 5-year (3.50% APY), 40-month (3.00% APY), $500 minimum deposit, new money.

Availability: Market area includes nine Louisiana parishes and five Texas counties.

According to Louisiana-based First Guaranty Bank, ”Our CDs are Hard to Top.” This is certainly a true statement, given the rates on the two CD Specials currently offered: 5-year (3.50% APY) and 40-month (3.00% APY). These limited-time offers can be opened with a $500 minimum deposit of new money, with no stated balance cap.

The 5-year CD Special APY...

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