Itasca Bank & Trust Co.
Quick Summary
- HSA savings account
The Verdict
Itasca Bank & Trust Co. provides essential HSA features with a monthly fee of $10.00 and mutual fund investing, earning a 0/5.0 rating from HSA Orbit.
At Itasca Bank & Trust Co., it is our vision to be the area's premier privately-held bank. It is this vision that propelled us to implement a Quality Service Team. The Quality Service Team is constantly looking at ways to improve your banking experience.
The Itasca Bank & Trust Co. Health Savings Account (HSA) is a tax-exempt custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses for you, your spouse and dependents.
Key Features
Banking & Access
Includes debit card, online banking and check-writing.
Investment Options
Offers mutual fund investing.
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* | $10.00 | $0.69 | ABOVE AVG |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
| Paper Statements | $4.00 | N/A | -- |
| Check Order Fee | $15.00 | N/A | -- |
* Account Opening Fee
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Mutual Fund Investing
Access mutual fund investments through your HSA with Itasca Bank & Trust Co..
- Minimum ThresholdNo minimum
- FeesItasca Bank & Trust Co.'s Standard Mutual Fund Options
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $0 - $1,500 | 0.05% |
| $1,500 - $10,000 | 0.20% |
| $10,000+ | 0.40% |
Last updated: 11-11-2024
Contact Information
Address
308 W. Irving Park Rd. Itasca, IL 60143 Customer Service
Customer Service
630-773-0350
308 W. Irving Park Rd. Itasca, IL 60143 Customer Service
At a Glance
Pros & Cons
The Good
- •No account opening or closing fees
- •Invest from the first dollar
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $10.00
User Sentiment
Based on community feedback
Sentiment data coming soon
Compare with Related Providers
New Direction Trust Company
New Direction Trust Company is a trusted custodian for self-directed HSAs. An HSA with NDTCO can invest in a wide array of assets including private equity, real estate, private loans, precious metals and more. We are commonly used in a 2 HSA system (an HSA at a bank for convenience and an HSA at NDTCO) to maximize the tax benefits of this account type. Ask us how!
Read Review →Bankers Trust
Our tradition is one of strength, progress, local ownership, and support for individuals and the community - this is a tradition we pledge to maintain. If you've already entrusted us with your business, thank you. If you are considering Bankers Trust, we look forward to also providing you exemplary products, expertise, and a level of customer service that's second to none. You can be confident with your decision to do business with Bankers Trust. We can be reached using our toll-free line, our website, or our 24-hour, 7-day Easy Access automated line. However you reach us, we appreciate the opportunity to serve your financial needs.
Read Review →Flex HSA
Flexible Benefit Service Corporation (Flex) offers integrated HSAs for anyone with a qualified high deductible health plan. Since 1988, Flex has helped individuals and families save on healthcare expenses with our full portfolio of consumer-driven accounts. Our HSA simplifies the health plan experience for our account holders by giving them real-time resources to help them manage their money, including our easy-to-use Mobile App and a web site with videos, calculators, tutorials and more.
Read Review →Latest HSA Strategies
View all articlesIneligible HSA Contribution? How to Fix It and Avoid Penalties
Made an ineligible HSA contribution? Learn how to fix excess contributions, avoid the 6% penalty, and handle Form 8889 before the tax deadline.
Why Does Tax Software Say My HSA Contribution Is Taxable?
Your tax software shows HSA contributions as taxable income? Learn why it happens, how to fix it in TurboTax and FreeTaxUSA, and avoid penalties.