Citizens Bank Minnesota
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 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 |
* 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 Range | APY |
|---|---|
| $0+ | 0.75% |
Last updated: 09-30-2024
Contact Information
Address
105 North Minnesota Street New Ulm, MN 56073 Customer Service
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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