Community Bank (WI)
Quick Summary
- HSA savings account
The Verdict
Community Bank (WI) provides essential HSA features with zero monthly maintenance fees and self-directed brokerage access, CD options, earning a 0/5.0 rating from HSA Orbit.
A health savings account, or HSA, is a tax-favored savings account that is used in conjunction with a high-deductible, HSA-eligible, health insurance plan. HSAs help to make healthcare more affordable and retirement saving goals more attainable. HSA’s are similar to an IRA but with some additional advantages. Pre-taxed money is deposited each year into an HSA and funds can be easily withdrawn at any time to pay for qualified medical expenses. Withdrawals can also be made for non-medical purposes, but will be taxed as normal income and are subject to a 10 percent penalty if done prior to age 65.
Any HSA funds not used each year remain in the account, and earn interest tax free to supplement medical expenses in the future.
Like an IRA, the account belongs to you, not your employer. However, unlike an IRA, your employer CAN contribute to your HSA.
Stop in to your local branch today for more information regarding our HSA’s or give us a call.
Key Features
Banking & Access
Includes debit card, online banking and check-writing.
Investment Options
Offers self-directed brokerage and CDs.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
Requires $100 minimum balance. $25.00 opening fee.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $0.00 | $0.69 | EXCELLENT |
| Account Opening | $25.00 | $1.88 | ABOVE AVG |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
* Account Opening Fee
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Brokerage Access
Community Bank (WI) provides a self-directed brokerage window for investing your HSA funds in the broader market.
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $0 - $2,500 | 0.25% |
| $2,500 - $5,000 | 1.05% |
| $5,000+ | 1.31% |
Last updated: 06-17-2024
Contact Information
Address
101 W Main St. Cameron, WI 54822 Customer Service Mailing Address PO Box 457 Cameron, WI 54822
Customer Service
(715) 458-2513
101 W Main St. Cameron, WI 54822 Customer Service Mailing Address PO Box 457 Cameron, WI 54822
At a Glance
Pros & Cons
The Good
- •No monthly maintenance fees
- •Self-directed brokerage access
- •FDIC/NCUA insured deposits
User Sentiment
Based on community feedback
Sentiment data coming soon
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