AbbyBank
Quick Summary
- HSA savings account
The Verdict
AbbyBank provides essential HSA features with zero monthly maintenance fees and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
In 1968, the Abbotsford State Bank was opened to provide independent and community based financial services. Throughout our renovation projects, expansion to additional communities, name change and overall growth, we still offer the same commitment and responsibility to support all of our communities. AbbyBank provides many contributions to community projects, encourages our employees to be active in the community and has formed a strong partnership with many of the local school districts, community organizations and non-profit organizations.
We are not only proud of our commitment to the communities we serve, but also of the strength of our bank. AbbyBank has always operated conservatively and was able to weather the financial storms throughout time with little impact. We have been committed to growing as a quality community bank offering opportunities for our employees and customers. Our experienced employees offer a unique customer service experience that serve your needs. Getting to know our customers helps us become a better, stronger bank.
Whether you are an individual, business, or farmer, we can offer the strength of our bank, commitment to our communities and experienced and knowledgeable staff to make banking easy for you.
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. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance | $0.00 | $0.69 | EXCELLENT |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
AbbyBank currently offers a savings-focused HSA without investment options. Your funds earn interest in a cash account.
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $50 - $5,000 | 0.15% |
| $5,000 - $15,000 | 0.30% |
| $15,000 - $25,000 | 0.45% |
| $25,000+ | 0.55% |
Last updated: 06-17-2024
Contact Information
Address
401 E. Spruce Street Abbotsford, WI 54405-0648 Customer Service Mailing Address P.O. Box 648 Abbotsford, WI 54405
Customer Service
1-800-288-2229
401 E. Spruce Street Abbotsford, WI 54405-0648 Customer Service Mailing Address P.O. Box 648 Abbotsford, WI 54405
At a Glance
Pros & Cons
The Good
- •No monthly maintenance fees
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
The Bad
- •No investment options available
User Sentiment
Based on community feedback
Sentiment data coming soon
Compare with Related Providers
Linn Area Credit Union
Linn Area Credit Union is a not-for-profit, full-service financial organization with branches in Cedar Rapids and Marion, Iowa. We are very much a local organization; our employees are your neighbors and our kids go to the same school. “We Are Family” is not just a tagline, it’s how we operate. We don’t call you “customers,” we call you “members.” You’re a member of the family, as well as a member/owner of the credit union. (We aren’t going to make you wear a Member’s Only jacket, though. That would be ridiculous.)
Read Review →Warren-Boynton State Bank
The mission of the Warren-Boynton State Bank is to serve its customers and communities by remaining a strong and stable community bank focused on providing high quality financial products and personal service. Warren-Boynton State Bank is a full-service bank offering loan services for farm, commercial, and consumer purposes as well as commercial and residential real estate loans. The bank has a comprehensive line of deposit products for both businesses and consumers including checking accounts, money markets, savings, IRAs and certificates of deposit.
Read Review →Fortifi Bank
Fortifi Bank has been a federally chartered financial institution for 140 years. Our asset size is $395 million and our capital levels are considered very strong. We will be here for at least another 150 years. Together, we fuel progress in the neighborhoods where you live and work. Your money turns into loans for individuals and small businesses that you know. We always provide the ultimate client experience and exist to fulfil the dreams of people, businesses, and communities through innovative financial solutions.
Read Review →Latest HSA Strategies
View all articlesIneligible HSA Contribution? How to Fix It and Avoid Penalties
Made an ineligible HSA contribution? Learn how to fix excess contributions, avoid the 6% penalty, and handle Form 8889 before the tax deadline.
Why Does Tax Software Say My HSA Contribution Is Taxable?
Your tax software shows HSA contributions as taxable income? Learn why it happens, how to fix it in TurboTax and FreeTaxUSA, and avoid penalties.