Heritage Bank
Quick Summary
- HSA savings account
The Verdict
Heritage Bank provides essential HSA features with zero monthly maintenance fees and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
At Heritage Bank, we’re not all “About Us.” We’re about you… our customers, our communities and our employees.
Heritage Bank's mission is to help people succeed financially. Specifically, that means:
Helping our customers meet their goals and achieve their dreams
Supporting our communities and helping them thrive
Providing a gainful and enjoyable workplace for our employees
Providing a sound and profitable return for our investors
Our products have evolved along with the communities we serve. With $448 million in assets and 12 offices in throughout Minnesota and Iowa, we have grown steadily over the generations. Yet, our mission as a traditional, community-focused bank remains the same… it’s our heritage.
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
Requires $50 minimum balance. $30.00 opening fee.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance | $0.00 | $0.69 | EXCELLENT |
| Account Opening | $30.00 | $1.88 | ABOVE AVG |
| Account Closing | $30.00 | $1.95 | ABOVE AVG |
| Service charge to receive paper statement; waived if paperless eStatements are selected | $4.00 | N/A | -- |
| In bank withdrawal | $10.00 | N/A | -- |
| IRS corrections | $10.00 | N/A | -- |
| Excess contributions | $20.00 | N/A | -- |
| Overdrafts & NSF | $33.00 | N/A | -- |
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
Heritage 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 - $5,000 | 1.01% |
| $5,000+ | 3.02% |
Last updated: 04-04-2025
Contact Information
Address
310 1st Street SW Willmar, MN 56201 Customer Service Mailing Address Heritage Bank P. O. Box 1124 Willmar, MN 56201
Customer Service
800-344-7048
310 1st Street SW Willmar, MN 56201 Customer Service Mailing Address Heritage Bank P. O. Box 1124 Willmar, MN 56201
At a Glance
Pros & Cons
The Good
- •No monthly maintenance fees
- •FDIC/NCUA insured deposits
- •Competitive APY up to 3.02%
The Bad
- •No investment options available
User Sentiment
Based on community feedback
Sentiment data coming soon
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