FirstBank (CO)
Quick Summary
- HSA savings account
The Verdict
FirstBank (CO) provides essential HSA features with a monthly fee of $2.08 and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
Since February 28th, 1963, we've been committed to “banking for good.” Today, we're humbled to be among the largest and best-performing privately held banks in the United States, maintaining nearly $28 billion in assets and over 100 branch locations across Colorado, Arizona, and California.
Our growth can be attributed to one simple belief since inception: do what's right for customers, communities, and employees, and good things will happen. This philosophy has transformed how we operate, and is the inspiration behind our mantra, “banking for good.” It's why we've become recognized as a top workplace, one of the highest-ranked banks in customer satisfaction, and a leader in corporate philanthropy, contributing more than $85 million and thousands of volunteer hours to charitable organizations.
When you focus beyond the bottom line, and make people a central motivation for every decision, you'll find it's not just the right thing to do, it's the smart thing to do. That's “banking for good”.
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 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 |
* Account Opening Fee
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
FirstBank (CO) 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 - $1,000 | 0.25% |
| $1,000 - $2,500 | 0.85% |
| $2,500 - $10,000 | 2.00% |
| $10,000 - $25,000 | 3.65% |
| $25,000+ | 4.00% |
Last updated: 09-30-2024
Contact Information
Address
2740 S. Colorado Blvd. Denver, CO 80222 Customer Service
Customer Service
At a Glance
Pros & Cons
The Good
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
- •Competitive APY up to 4.00%
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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