I

Itasca Bank & Trust Co.

Best ForInvestment-Minded Savers
Fees$10.00/mo

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 TypeThis ProviderIndustry AverageVerdict
Monthly Maintenance*$10.00$0.69ABOVE AVG
Account Opening$0.00$1.88EXCELLENT
Account Closing$0.00$1.95EXCELLENT
Paper Statements$4.00N/A--
Check Order Fee$15.00N/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 RangeAPY
$0 - $1,5000.05%
$1,500 - $10,0000.20%
$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

Monthly Fee$10.00
Investment Threshold$0
Interest Rate (Cash)~0.40%
Debit CardIncluded
FDIC InsuredYes

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

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NegativeNeutralPositive

Sentiment data coming soon

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