C

Citizens Bank Minnesota

Best ForEveryday Medical Spending
FeesNone ($0 Maintenance)

Quick Summary

  • HSA savings account

The Verdict

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

Citizens Bank Minnesota is a community-owned and operated bank, with its main office located in New Ulm and branch offices in Lafayette, La Salle, Lakeville, Watkins and Ormsby, Minnesota. Chartered in 1876, Citizens is one of the oldest banks in Minnesota with over 145 years of strength and stability. We take pride in the fact that not only are we a community bank, as demonstrated by our energetic participation and support in the growth and success of the communities that we serve, but also that we are community-owned, with our stock widely held by residents of this area. Community ownership requires us to be sensitive to the needs of our customers and provide our services at reasonable costs. It also allows us flexibility to meet your unique financial needs.

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

* Account Opening Fee

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

Investment Options

Savings-Only Account

Citizens Bank Minnesota currently offers a savings-focused HSA without investment options. Your funds earn interest in a cash account.

Interest Rates

Standard Rates

Balance RangeAPY
$0+0.75%

Last updated: 09-30-2024

Contact Information

Address

105 North Minnesota Street New Ulm, MN 56073 Customer Service

Customer Service

800-647-0614

105 North Minnesota Street New Ulm, MN 56073 Customer Service

At a Glance

Monthly Fee$0
Investment ThresholdN/A
Interest Rate (Cash)~0.75%
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

User Sentiment

Based on community feedback

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NegativeNeutralPositive

Sentiment data coming soon

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