L

Luana Savings Bank

Best ForFee-Conscious Savers
FeesNone ($0 Maintenance)

Quick Summary

  • HSA savings account

The Verdict

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

Luana Savings Bank offers personal and business banking services in Central and Northeast Iowa. Our banking solutions include checking accounts, savings accounts, money market accounts, CDs, mortgages, HELOC, commercial loans, agriculture loans and much more. Bank online with our mobile app or visit one of our branch locations in Luana, Ossian, New Hampton, Polk City, Clive, and Norwalk.

Key Features

Banking & Access

Basic account access provided.

Investment Options

This provider focuses on cash savings without investment options.

Security & Insurance

Deposits are FDIC/NCUA insured for your protection.

Account Details

Requires $100 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

Luana 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+0.05%

Last updated: 01-24-2025

Contact Information

Address

100 Harvest Drive Luana, IA 52156 Customer Service Mailing Address PO Box 68 Luana, IA 52156

Customer Service

563-539-2166

100 Harvest Drive Luana, IA 52156 Customer Service Mailing Address PO Box 68 Luana, IA 52156

At a Glance

Monthly Fee$0
Investment ThresholdN/A
Interest Rate (Cash)~0.05%
Debit CardNot included
FDIC InsuredYes

Pros & Cons

The Good

  • No monthly maintenance fees
  • No account opening or closing fees
  • FDIC/NCUA insured deposits

The Bad

  • No investment options available
  • No online banking
  • No debit card included

User Sentiment

Based on community feedback

--
NegativeNeutralPositive

Sentiment data coming soon

Compare with Related Providers

L

Linn Area Credit Union

Linn Area Credit Union is a not-for-profit, full-service financial organization with branches in Cedar Rapids and Marion, Iowa. We are very much a local organization; our employees are your neighbors and our kids go to the same school. “We Are Family” is not just a tagline, it’s how we operate. We don’t call you “customers,” we call you “members.” You’re a member of the family, as well as a member/owner of the credit union. (We aren’t going to make you wear a Member’s Only jacket, though. That would be ridiculous.)

Read Review →
W

Warren-Boynton State Bank

The mission of the Warren-Boynton State Bank is to serve its customers and communities by remaining a strong and stable community bank focused on providing high quality financial products and personal service. Warren-Boynton State Bank is a full-service bank offering loan services for farm, commercial, and consumer purposes as well as commercial and residential real estate loans. The bank has a comprehensive line of deposit products for both businesses and consumers including checking accounts, money markets, savings, IRAs and certificates of deposit.

Read Review →
F

Fortifi Bank

Fortifi Bank has been a federally chartered financial institution for 140 years. Our asset size is $395 million and our capital levels are considered very strong. We will be here for at least another 150 years. Together, we fuel progress in the neighborhoods where you live and work. Your money turns into loans for individuals and small businesses that you know. We always provide the ultimate client experience and exist to fulfil the dreams of people, businesses, and communities through innovative financial solutions.

Read Review →