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Lincoln Federal Savings Bank

Best ForHigh-Yield Cash Savers
FeesNone ($0 Maintenance)

Quick Summary

  • HSA savings account

The Verdict

Lincoln Federal Savings Bank provides essential HSA features with zero monthly maintenance fees and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.

Lincoln Federal Savings Bank was formed in 1906 and is organized as a mutual holding company. This means that the Bank is essentially owned by the depositors of the Bank meaning there are no outside shareholders. This structure allows the Bank to offer highly competitive rates to customers on both loans and deposits as profits are not distributed to shareholders. It also provides the Bank with the opportunity to develop land to increase the growth of housing within the community. Lincoln Federal solely operates in Nebraska and is highly committed to giving back to the communities that we serve. We seek to provide our customers with personalized service, which in today’s age is frequently lost. Contact us today to experience the Lincoln Federal difference!

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. 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

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

Investment Options

Savings-Only Account

Lincoln Federal Savings Bank currently offers a savings-focused HSA without investment options. Your funds earn interest in a cash account.

Interest Rates

Standard Rates

Balance RangeAPY
$0 - $10,0001.00%
$10,000 - $50,0002.02%
$50,000+2.53%

Last updated: 08-22-2024

Contact Information

Address

8400 Maddox Dr. Lincoln, NE 68520 Customer Service Mailing Address Lincoln Federal Savings Bank PO Box 80038 Lincoln, NE 68501

Customer Service

800-333-2158

8400 Maddox Dr. Lincoln, NE 68520 Customer Service Mailing Address Lincoln Federal Savings Bank PO Box 80038 Lincoln, NE 68501

At a Glance

Monthly Fee$0
Investment ThresholdN/A
Interest Rate (Cash)~2.53%
Debit CardIncluded
FDIC InsuredYes

Pros & Cons

The Good

  • No monthly maintenance fees
  • No account opening or closing fees
  • FDIC/NCUA insured deposits
  • Competitive APY up to 2.53%

The Bad

  • No investment options available

User Sentiment

Based on community feedback

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NegativeNeutralPositive

Sentiment data coming soon

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