F

Farmers National Bank

Best ForEveryday Medical Spending
FeesNone ($0 Maintenance)

Quick Summary

  • HSA savings account

The Verdict

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

For over 120 years Farmers National Bank has been serving the needs of Prophetstown, Geneseo, Morrison and the surrounding area. During these many years numerous events have occurred, but the one constant throughout all this is that Farmers National Bank has remained locally owned and locally managed. Another constant over the years is our relationship with Agriculture. It’s “What we do” and “Who we are”. Whether it’s loans or deposits, a significant portion of our services involves agriculture and nationwide that annually places us in the top 100 for community banks. This century-old establishment is recognized as one of the safest and strongest financial institutions in the United States.

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

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

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

Investment Options

Savings-Only Account

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

Interest Rates

Standard Rates

Balance RangeAPY
$0 - $5,0000.25%
$5,000 - $10,0000.30%
$10,000+0.35%

Last updated: 10-16-2024

Contact Information

Address

114 W 3rd St Prophetstown, IL 61277 Customer Service Mailing Address PO Box 157 Prophetstown, IL 61277

Customer Service

815-537-2348

114 W 3rd St Prophetstown, IL 61277 Customer Service Mailing Address PO Box 157 Prophetstown, IL 61277

At a Glance

Monthly Fee$0
Investment ThresholdN/A
Interest Rate (Cash)~0.35%
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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