B

Bank of Oak Ridge

Best ForEveryday Medical Spending
FeesNone ($0 Maintenance)

Quick Summary

  • HSA savings account

The Verdict

Bank of Oak Ridge provides essential HSA features with zero monthly maintenance fees and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.

Established in 2000, Bank of Oak Ridge is an employee-owned community bank dedicated to delivering Spectacularly Local banking. With Triad locations in Oak Ridge, Greensboro, High Point and Summerfield, North Carolina, we focus on providing personalized, convenient banking services close to home and work.

e offer a complete range of services for individuals and businesses, extended hours, world-wide ATM usage, remote deposits for businesses, and a complete line of checking accounts, savings accounts, mortgage services, lending options, wealth management and insurance services.

As the first bank to offer Health Savings Accounts in North Carolina, we continually seek new and innovative offerings to benefit our clients. We recognize that as a community bank, we have a responsibility to encourage local business growth and help individuals reach for their dreams.

Key Features

Banking & Access

Includes debit card and online banking.

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 TypeThis ProviderIndustry AverageVerdict
Monthly Maintenance$0.00$0.69EXCELLENT
Account Opening$0.00$1.88EXCELLENT
Account Closing$0.00$1.95EXCELLENT

Industry averages calculated from 853 providers in the HSA Orbit database.

Investment Options

Savings-Only Account

Bank of Oak Ridge 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

P.O. Box 2 Oak Ridge, NC 27310

Customer Service

336-644-9944

P.O. Box 2 Oak Ridge, NC 27310

At a Glance

Monthly Fee$0
Investment ThresholdN/A
Interest Rate (Cash)Not published
Debit CardIncluded
FDIC InsuredYes

Pros & Cons

The Good

  • No monthly maintenance fees
  • No account opening or closing fees
  • FDIC/NCUA insured deposits

The Bad

  • No investment options available
  • Interest rates not published

User Sentiment

Based on community feedback

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NegativeNeutralPositive

Sentiment data coming soon

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