First Merchants Bank
Quick Summary
- HSA savings account
The Verdict
First Merchants Bank provides essential HSA features with zero monthly maintenance fees and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
Since our beginnings in 1893, we understand that it’s about the customer. We make our customers feel at home. We show them we care. We make them feel special. Give them advice. Give them value. Keep our promises. Help them out when they really need it. Reach out to them. Know them. Thank them.
First Merchants Corporation is the largest financial services holding company located in Central Indiana. We provide our customers with broad financial services delivered locally by bankers who are known and trusted in their communities. We offer personal banking, business banking, mortgage lending, treasury management services, and wealth management.
We are focused on building deep, lifelong client relationships and providing maximum shareholder value. We provide an environment where customers can bank with their neighbors, realizing that our business begins and ends with people.
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 | $25.00 | $1.95 | ABOVE AVG |
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
First Merchants Bank 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 - $100 | 0.00% |
| $100+ | 0.01% |
Last updated: 08-21-2024
Contact Information
Address
200 E. Jackson St Muncie, IN 47305 Customer Service
Customer Service
At a Glance
Pros & Cons
The Good
- •No monthly maintenance 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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