Guilford Savings Bank
Quick Summary
- HSA savings account
The Verdict
Guilford Savings Bank provides essential HSA features with zero monthly maintenance fees and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
Founded in 1875 by 17 local business owners, we have proudly stood as a trusted institution in the communities we serve. Starting with a $17,000 investment and one branch on the picturesque Guilford Town Green, GSB has grown to a seven-office, $620 million bank.
Time has passed, but our commitment to the community remains equally strong. The first item on our strategic plan is to always remain a mutual savings bank. We have no stockholders. That means it's in our best interest that you succeed. You thrive, we thrive. This customer focus sets us apart from other financial institutions.
Find out what sets us apart from other banks by exploring our recent annual reports. They include information about our long-term goals, our commitment to local businesses and non-profits, and our dedication to your needs and those of the community.
Key Features
Banking & Access
Basic account access provided.
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 | $0.00 | $1.95 | EXCELLENT |
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
Guilford Savings 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 |
|---|---|
| $1,000 - $4,999 | 0.05% |
| $5,000 - $14,999 | 0.10% |
| $15,000+ | 0.20% |
Last updated: 04-25-2025
Contact Information
Address
One Park Street Guilford, CT 06437 Customer Service Mailing Address GSB P.O Box 369 Guilford, CT 06437
Customer Service
800-730-6603
One Park Street Guilford, CT 06437 Customer Service Mailing Address GSB P.O Box 369 Guilford, CT 06437
At a Glance
Pros & Cons
The Good
- •No monthly maintenance fees
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
The Bad
- •No investment options available
- •No online banking
- •No debit card included
User Sentiment
Based on community feedback
Sentiment data coming soon
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