Metropolitan Bank
Quick Summary
- HSA savings account
The Verdict
Metropolitan Bank provides essential HSA features with a monthly fee of $3.50 and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
Since we began in 1983, it has been our goal to provide our customers with the best community banking experience possible. Where other banks have devised new and inventive ways to deal with their customers at an arms length, we remain committed to the idea that bank-customer relationships should be personal. We make an effort to know you, our clientele, and adapt our service to best meet your business and personal needs – to give you peace of mind when it comes to your finances.
We strive to be a Bank you can Trust. We have been recognized for our efforts by several independent bank-rating agencies, which have described us as being “One of the safest Banks in the United States”and “Exemplifying exceptional performance”.
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 $1,000 minimum balance. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $3.50 | $0.69 | ABOVE AVG |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
* Account Opening Fee
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
Metropolitan 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 |
|---|---|
| $1,000 - $25,000 | 0.05% |
| $25,000+ | 0.50% |
Last updated: 10-16-2024
Contact Information
Address
250 East 18th Street Oakland, CA 94606 Customer Service
Customer Service
510-834-1933
250 East 18th Street Oakland, CA 94606 Customer Service
At a Glance
Pros & Cons
The Good
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $3.50
- •No investment options available
- •No online banking
User Sentiment
Based on community feedback
Sentiment data coming soon
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