Bank Midwest (MN)
Quick Summary
- HSA savings account
The Verdict
Bank Midwest (MN) provides essential HSA features with a monthly fee of $1.25 and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
We empower you to dream big, plan wisely, and live well so you can follow your life’s passion.
We enable you to interact with us on your terms – how, when and where you choose.
We serve a wide range of customers, and those we are most equipped to serve at the highest level are farmers, small business owners, professionals, entrepreneurs and leaders from all walks of life.
We are motivated and energetic employee-owners who care deeply about what we do and who we do it for.
Key Features
Banking & Access
Includes debit card 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 | $1.25 | $0.69 | ABOVE AVG |
| 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
Bank Midwest (MN) currently offers a savings-focused HSA without investment options. Your funds earn interest in a cash account.
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $0 - $10,000 | 0.50% |
| $10,000 - $20,000 | 0.75% |
| $20,000+ | 1.00% |
Last updated: 08-19-2024
Contact Information
Address
[email protected]
Customer Service
At a Glance
Pros & Cons
The Good
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $1.25
- •No investment options available
- •No online banking
User Sentiment
Based on community feedback
Sentiment data coming soon
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