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Guilford Savings Bank

Best ForFee-Conscious Savers
FeesNone ($0 Maintenance)

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 TypeThis ProviderIndustry AverageVerdict
Monthly Maintenance$0.00$0.69EXCELLENT
Account Opening$0.00$1.88EXCELLENT
Account Closing$0.00$1.95EXCELLENT

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 RangeAPY
$1,000 - $4,9990.05%
$5,000 - $14,9990.10%
$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

Monthly Fee$0
Investment ThresholdN/A
Interest Rate (Cash)~0.20%
Debit CardNot included
FDIC InsuredYes

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

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NegativeNeutralPositive

Sentiment data coming soon

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