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Lake City Bank

Best ForActive Investors & Savers
FeesNone ($0 Maintenance)

Quick Summary

  • Indiana community bank
  • Investment options
  • 5 interest rate tiers
  • FDIC insured

The Verdict

Lake City Bank provides essential HSA features with zero monthly maintenance fees and self-directed brokerage access, CD options, earning a 2.4/5.0 rating from HSA Orbit.

At Lake City Bank, people are our foundation. It begins with our strong bank culture filled with a spirit of entrepreneurialism. This foundation extends out to the high touch approach we take with our customers and the over 500 community causes we support. It’s this dedication to our foundation that has made Lake City Bank the largest bank 100% invested in Indiana.

Key Features

Banking & Access

Includes debit card, online banking and check-writing.

Investment Options

Offers self-directed brokerage and CDs.

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

* No monthly maintenance fee

Industry averages calculated from 853 providers in the HSA Orbit database.

Investment Options

Brokerage Access

Lake City Bank provides a self-directed brokerage window for investing your HSA funds in the broader market.

StocksETFsCDs

Interest Rates

Standard Rates

Balance RangeAPY
$1 - $9990.05%
$1,000 - $4,9990.10%
$5,000 - $14,9990.15%
$15,000 - $49,9990.20%
$50,000+0.25%

Last updated: 08-21-2024

Contact Information

Address

202 E. Center St. Warsaw, IN 46580 Customer Service Mailing Address Lake City Bank P.O. Box 1387 Warsaw, IN 46581

Customer Service

888-522-2265

202 E. Center St. Warsaw, IN 46580 Customer Service Mailing Address Lake City Bank P.O. Box 1387 Warsaw, IN 46581

At a Glance

Monthly Fee$0
Investment Threshold$0
Interest Rate (Cash)~0.25%
Debit CardIncluded
FDIC InsuredYes

Pros & Cons

The Good

  • No monthly maintenance fees
  • No account opening or closing fees
  • Self-directed brokerage access
  • FDIC/NCUA insured deposits

User Sentiment

Based on community feedback

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NegativeNeutralPositive

Sentiment data coming soon

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