Gibsland Bank & Trust (LA) Offers Rewards Checking Statewide


Deal Summary: GBT Hometown Rewards Checking, 4.11% APY on qualifying balances up to $15k.

Availability: All Louisiana residents.

I first wrote about Gibsland Bank & Trust’s (GBT) then-new GBT Hometown Rewards Checking account about seven years ago. At that time, the rate was 4.11% APY on qualifying balances up to $15k, with only the residents of North Central Louisiana eligible to open an account. While many reward checking accounts have experienced declining APYs and lowered balance caps in the past few years, GBT Hometown Rewards Checking has not only maintained its initial APY and balance cap since 2013, but has also expanded its availability to a statewide market area. Qualifying balances above $15k earn 0.51% APY, with non-qualifying balances earning 0.05% APY.

1.75*%-$15kGibsland Bank & Trust CompanyGBT Hometown Reward Checking
OTHER TIERS: 0.10% $15k+
Rates as of April 18, 2024.

The statement cycle qualifications haven’t changed in seven years and include,

  • At least 15 debit card purchases.
  • At least one direct deposit or recurring ACH payment.
  • Receive e-Statements.

The GBT Hometown Rewards Checking account can be opened with a $100 minimum deposit. There is no minimum balance requirement to earn the stated APY, but there is a $9.99 monthly fee on balances of $499.99 and below. Unlimited nationwide ATM fees will be reimbursed up to an aggregate of $30 per statement cycle, if qualifications are met. Paper statements are not offered.

While the GBT Hometown Rewards Checking account has remained unchanged for the last seven years, the same can’t be said about the GBT Hometown REALSaver: it no longer exists. The REALSaver was a companion savings account linked to the Rewards Checking account and earned 1.51% APY on qualifying balances up to $25k. As stated on the Compare Our Accounts page,

Interest earned in GBT Hometown Rewards Checking is automatically transferred
to GBT Savings account each statement cycle and does not compound.

Gibsland Bank & Trust's website does not list any rates for any accounts, other than the GBT Hometown Rewards Checking, and the GBT Savings account is the only savings account to be found on the website.


Headquartered in Gibsland, Louisiana (Bienville Parish), Gibsland Bank & Trust’s primary market area is northwest Louisiana, but all Louisiana residents are now eligible to open a Hometown Rewards Checking account.

Opening a GBT Hometown Rewards Checking account can be done online. The lobbies of the nine Louisiana branches (located in Arcadia, Athens, Bossier City, Gibsland, Homer, Minden, Shreveport (2), and Sibley) remained closed to walk-in traffic, but,

Branch staff and commercial bankers will be available by phone, email or by appointment. Please call your branch during regular business hours to schedule an appointment. All drive thrus will maintain regular hours of operation

Bank Overview

Gibsland Bank & Trust has an overall health grade of "B" at, with a Texas Ratio of 28.86% (average) based on December 31, 2019 data. In the past year, GBT increased its total non-brokered deposits by $15.31 million, an excellent growth rate of 4.2%. Please refer to our financial overview of Gibsland Bank & Trust (FDIC Certificate # 16689) for more details.

Established in 1948 with $30k in capital, Gibsland Bank & Trust was originally known as the Gibsland Bank. Between 1997 and 2009, the GBT opened seven branches in seven northwestern Louisiana towns. GBT is currently the 30th largest bank in Louisiana, with assets in excess of $465 million and more than 17,000 customer accounts.

How the Rewards Checking Account Compares

When compared to the High Yield Rewards Checking Accounts tracked by that are available to all Louisiana residents and have qualifying balances of at least $15k, Gibsland Bank & Trust’s Hometown Rewards Checking APY* currently ranks first.

The above rates are accurate as of 6/27/2020.

To look for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account Rates Table page.

*We continue to work to keep our rates up-to-date, but there have been just too many rate cuts for us to process all the changes quickly. For the time being, please be aware that the rates listed at may not reflect the latest rates published by the banks and credit unions.

Related Pages: Shreveport checking accounts, reward checking accounts

  |     |   Comment #1
THanks Ken for providing timely reviews of various RCAs (and Kasasa Checking Accounts).

Pros: (1) Steady APY/Limit ((4.11%, $15K) for seven years; not dropping like a brick/rock), (2) Expanded availability (now LA state-wide), (3) No limit on the number of accounts (maybe I missed it?).

Cons: (2) Limited availability (for other states), (2) $9.99 monthly fee on balances of $499.99 and below (hard to keep accounts open at wait-and-see mode  if rate drops in future).
  |     |   Comment #2
Rate drop to 2.75 effective 7-1-20.
  |     |   Comment #3
In the past, if you did not quality for 4.11% for 3 months in a row, they automatically converted your checking account to a regular account. Is that still the case?
Gibsland B&T's (LA) Rewards Checking Still A Top Contender
Availability: Market area includes North Central Louisiana.

In July 2013, I wrote about Gibsland Bank & Trust’s new GBT Hometown Rewards Checking account, which earned 4.11% APY on balances up to $15K. Two years later, while many reward checking accounts have experienced declining APYs and lowered balance caps, GBT Hometown Rewards Checking has maintained its initial APY and balance cap.

The GBT Hometown Rewards Checking account can be opened with a minimum deposit of $100. There are no monthly fees or minimum balance requirement, and nationwide...

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Highest Reward Checking Rate in the Nation at Gibsland Bank & Trust in Louisiana

Louisiana residents have many good choices for high-yield reward checking accounts. Some of the highest rates are available at Louisiana banks. One that I haven’t yet covered is at Gibsland Bank & Trust. It’s called GBT Hometown Rewards Checking. The bank also offers a linked savings account called GBT Hometown REALSaver. The following is a summary of the rates and features of these two accounts as of 7/9/2013:

GBT Hometown Rewards Checking rates and features if monthly requirements are met:

  • 4.11% APY on balances up to $15,000
  • 0.51% APY on amount of balance...
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