Better Banks
Quick Summary
- HSA savings account
The Verdict
Better Banks provides essential HSA features with zero monthly maintenance fees and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
Maintaining good health is important, but the cost of staying healthy can be significant. Start saving money now while you're healthy with a Health Savings Account from Better Banks so that you can afford to go to the doctor or buy medicine when you're sick.
A HSA is a special savings account that allows you to set aside pre-tax money for future qualified medical expenses. By using pre-tax dollars in an HSA to pay for deductibles, co-payments, co-insurance and other medical expenses, you can lower your overall health care costs.
Stop by one of the Better Banks branches and open a HSA account.
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
Requires $100 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
Savings-Only Account
Better Banks 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+ | 1.00% |
Last updated: 12-30-2021
Contact Information
Address
5600 S.W. Adams St. Bartonville, IL 61607 Customer Service
Customer Service
309-272-1000
5600 S.W. Adams St. Bartonville, IL 61607 Customer Service
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
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