First State Bank and Trust
Quick Summary
- HSA savings account
The Verdict
First State Bank and Trust provides essential HSA features with a monthly fee of $2.08 and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
First State Bank and Trust opened its doors as First State Bank of South Stillwater in 1914. As the community grew from South Stillwater into the town of Bayport, we grew along with it, becoming First State Bank of Bayport in 1923.
Over the years, our capabilities have broadened. We offer insurance and investments, in addition to progressive banking services. Our Trust Services Department, established in 1987, holds over $4 billion in assets. Besides the Bayport location, our branch network includes full service offices in Oak Park Heights, and Hudson. We also have a part time office at Boutwells Landing in Oak Park Heights.
We changed our name from First State Bank of Bayport to First State Bank and Trust in 2003 to better reflect our expanded services to various locations. What hasn't changed is our commitment to excellent personal service that you can trust. We are the same community bank with local ownership and management that was established more than one hundred years ago.
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
Requires $1 minimum balance. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance | $2.08 | $0.69 | ABOVE AVG |
| 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
Savings-Only Account
First State Bank and Trust 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 - $5,000 | 0.15% |
| $5,000+ | 0.60% |
Last updated: 02-11-2025
Contact Information
Address
950 Highway 95 North Bayport, MN 55003 Customer Service Mailing Address 950 Highway 95 North Bayport, MN 55003
Customer Service
651-439-5195
950 Highway 95 North Bayport, MN 55003 Customer Service Mailing Address 950 Highway 95 North Bayport, MN 55003
At a Glance
Pros & Cons
The Good
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $2.08
- •No investment options available
User Sentiment
Based on community feedback
Sentiment data coming soon
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