1st Source Bank
Quick Summary
- HSA savings account
The Verdict
1st Source Bank provides essential HSA features with a monthly fee of $1.50 and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
Since 1863, we've been providing our clients with convenient, secure, and personal banking. Our mission is to help you achieve security, build wealth, and realize your dreams. Keeping your best interests in mind for the long term, we offer straight talk and sound advice to the communities we serve.
1st Source has grown to be the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area, with $8.9 billion in assets and more than 1200 employees. We have banking centers in 19 counties, as well as several Trust and Wealth Advisory Service locations and 1st Source Insurance offices throughout the region to support the growing needs of our clients. Our business banking services help local businesses grow.
Key Features
Banking & Access
Includes debit card, online banking and check-writing.
Investment Options
This provider focuses on cash savings without investment options.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
No minimum balance to open. $25.00 opening fee.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $1.50 | $0.69 | ABOVE AVG |
| Account Opening | $25.00 | $1.88 | ABOVE AVG |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
* Account Opening Fee
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
1st Source Bank currently offers a savings-focused HSA without investment options. Your funds earn interest in a cash account.
Interest Rates
Interest rates are not currently available for this provider.
Contact Information
Address
Online Banking Department 205 W. Jefferson Blvd., Suite 100 South Bend, IN 46601
Customer Service
(800) 513-2360
Online Banking Department 205 W. Jefferson Blvd., Suite 100 South Bend, IN 46601
At a Glance
Pros & Cons
The Good
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $1.50
- •No investment options available
- •Interest rates not published
User Sentiment
Based on community feedback
Sentiment data coming soon
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