First Bank (IA)
Quick Summary
- HSA savings account
The Verdict
First Bank (IA) provides essential HSA features with zero monthly maintenance fees and mutual fund investing, earning a 0/5.0 rating from HSA Orbit.
At First Bank we are committed to our customers. For over 155 years our doors have been open to serve our customers and to meet their individual financial needs, not only because they’re our customers, but they are our also friends and neighbors. We believe that taking care of our customers is our top priority, and if we do that, everything else will fall into place.
First Bank believes in community banking, which means we strive to make the area we live in and work in a better place. Whether that means supporting local small businesses and families, being involved in community service, or simply making sure our company remains locally owned and operated, we’re committed to the future of our communities in Northern Iowa.
Key Features
Banking & Access
Includes debit card, online banking and check-writing.
Investment Options
Offers mutual fund investing.
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 |
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Mutual Fund Investing
Access mutual fund investments through your HSA with First Bank (IA).
- Minimum Threshold$8,000
- FeesFirst Bank's Standard Mutual Fund Options
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $0 - $501 | 0.10% |
| $501 - $1,001 | 0.15% |
| $1,001 - $2,501 | 0.20% |
| $2,501 - $15,000 | 0.50% |
Last updated: 08-21-2024
Contact Information
Customer Service
(319) 352-1340
At a Glance
Pros & Cons
The Good
- •No monthly maintenance fees
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
The Bad
- •$8,000 minimum to invest
User Sentiment
Based on community feedback
Sentiment data coming soon
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