Hometown Community Banks
Quick Summary
- HSA savings account
The Verdict
Hometown Community Banks provides essential HSA features with a monthly fee of $2.08 and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
Morton Community Bank was organized in 1960 by a group of Morton businesspeople in order to better serve the community and its businesses. MCB opened its doors on August 26, 1961, with a single location at 671 W. Jackson Street in Morton, and seven employees.
Since then, MCB has grown with an emphasis on attracting and retaining customers by providing exceptional banking services, and by acquiring other community banks and continuing to provide exceptional service. Since the late 1980’s, MCB has completed 23 acquisitions.
Today, MCB has 53 locations in 38 communities in Central and Northwest Illinois, with 600 employees and $5.6 billion in assets.
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
Hometown Community Banks 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+ | 0.05% |
Last updated: 08-21-2024
Contact Information
Address
721 West Jackson Morton, Illinois 61550 Customer Service
Customer Service
309-266-5337
721 West Jackson Morton, Illinois 61550 Customer Service
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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