Bank of Deerfield
Quick Summary
- HSA savings account
The Verdict
Bank of Deerfield provides essential HSA features with zero monthly maintenance fees and self-directed brokerage access, CD options, earning a 0/5.0 rating from HSA Orbit.
The Bank of Deerfield was founded in 1887 by H.B. Fargo and was originally known as the H.B. Fargo Company. In 1909 the business name was formally changed to the Bank of Deerfield. Over the next 20 years, the Bank of Deerfield expanded and relocated to a larger location on Main Street. During this period, the First National Bank merged with the Bank of Deerfield.
Throughout our history, the Bank of Deerfield has occupied three different buildings on Main Street in Deerfield. We moved into our current location on Main Street in January 1980. In 2005, we built the new branch location on HWY 12/18 & Hwy 73 to serve the outlying community. The branch is a full-service facility to assist customers with their financial needs.
For our entire existence, we have been a full-service bank offering a personal touch that simply can't be found at larger banks. We are committed to providing only the highest level of prompt, professional, friendly service to our customers in the Village of Deerfield and surrounding areas.
Key Features
Banking & Access
Includes online banking.
Investment Options
Offers self-directed brokerage and CDs.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
Requires $25 minimum balance. 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
Brokerage Access
Bank of Deerfield provides a self-directed brokerage window for investing your HSA funds in the broader market.
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $0 - $5,000 | 0.10% |
| $5,000+ | 0.20% |
Last updated: 10-16-2024
Contact Information
Address
15 S. Main Street Deerfield, WI 53531 Customer Service Mailing Address Bank of Deerfield PO Box 85 Deerfield, Wisconsin 53531
Customer Service
608-764-5411
15 S. Main Street Deerfield, WI 53531 Customer Service Mailing Address Bank of Deerfield PO Box 85 Deerfield, Wisconsin 53531
At a Glance
Pros & Cons
The Good
- •No monthly maintenance fees
- •No account opening or closing fees
- •Self-directed brokerage access
- •FDIC/NCUA insured deposits
The Bad
- •No debit card included
User Sentiment
Based on community feedback
Sentiment data coming soon
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