Cashmere Valley Bank
Quick Summary
- HSA savings account
The Verdict
Cashmere Valley Bank provides essential HSA features with a monthly fee of $2.50 and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
Cashmere Valley Bank was established September 24, 1932 by two brothers, Hy W. Rieke and H.H. Rieke, who moved to Cashmere after selling their interest in another bank in Odessa, Washington. Cashmere was chosen as the site to begin their new bank because the community was without a financial institution after the failure of two banks during the beginning of the Great Depression.
Today, Cashmere Valley Bank has grown to include branches in Ellensburg, Cle Elum, Chelan and Yakima with a Municipal Banking office in Bellevue.
The success of Cashmere Valley Bank is the result of maintaining a high level of personal service and controlling expenses so our fees and charges offer our customers the best value available. We remain committed to those principals that we feel are best summarized as, “the little Bank with the big circle of friends.”
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* | $2.50 | $0.69 | ABOVE AVG |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
* Account Opening Fee
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
Cashmere Valley Bank currently offers a savings-focused HSA without investment options. Your funds earn interest in a cash account.
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $10 - $5,000 | 0.05% |
| $5,000 - $15,000 | 0.50% |
| $15,000 - $25,000 | 1.16% |
| $25,000 - $50,000 | 1.26% |
| $50,000 - $250,000 | 2.27% |
| $250,000+ | 2.73% |
Last updated: 11-11-2024
Contact Information
Address
117 Aplets Way Cashmere, WA 98815 Customer Service Mailing Address P.O. Box G Cashmere, WA 98815
Customer Service
(800) 860-0845
117 Aplets Way Cashmere, WA 98815 Customer Service Mailing Address P.O. Box G Cashmere, WA 98815
At a Glance
Pros & Cons
The Good
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
- •Competitive APY up to 2.73%
The Bad
- •Monthly fee of $2.50
- •No investment options available
User Sentiment
Based on community feedback
Sentiment data coming soon
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