Lincoln Federal Savings Bank
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 Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance | $0.00 | $0.69 | EXCELLENT |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
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 Range | APY |
|---|---|
| $0 - $10,000 | 1.00% |
| $10,000 - $50,000 | 2.02% |
| $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
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
Sentiment data coming soon
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