First Federal Savings Bank - Evansville
Quick Summary
- HSA savings account
The Verdict
First Federal Savings Bank - Evansville provides essential HSA features with a monthly fee of $2.00 and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
Are you currently enrolled in a high deductible health care plan? If you answered yes, then a First Federal Health Savings Account is what you need. Funds contributed to your HSA are not subject to federal income tax at the time of deposit, giving you extra savings! Funds deposited into your HSA roll over from year-to-year thereby not forcing you to spend it on unneeded items at the end of the year. Funds may be used for qualified medical expenses at any time without federal tax liability.
Key Features
Banking & Access
Includes debit card 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
Requires $50 minimum balance. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $2.00 | $0.69 | ABOVE AVG |
| 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
First Federal Savings Bank - Evansville 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 - $10,001 | 0.25% |
| $10,001 - $25,001 | 0.50% |
| $25,001 - $50,001 | 1.00% |
| $50,001 - $75,001 | 1.25% |
| $75,001+ | 1.50% |
Last updated: 05-02-2024
Contact Information
Address
5001 Davis Lant Dr. Evansville, IN 47715 Customer Service Mailing Address P.O. Box 1111 Evansville, IN 47706
Customer Service
812-492-8200
5001 Davis Lant Dr. Evansville, IN 47715 Customer Service Mailing Address P.O. Box 1111 Evansville, IN 47706
At a Glance
Pros & Cons
The Good
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $2.00
- •No investment options available
- •No online banking
User Sentiment
Based on community feedback
Sentiment data coming soon
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