Midwest Bank - MN
Quick Summary
- HSA savings account
The Verdict
Midwest Bank - MN provides essential HSA features with a monthly fee of $2.00 and self-directed brokerage access, CD options, earning a 0/5.0 rating from HSA Orbit.
Midwest Bank is a locally owned, community focused bank committed to building lasting relationships with both our customers and employees by consistently exceeding their expectations.
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
Requires $100 minimum balance. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $2.00 | $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
Brokerage Access
Midwest Bank - MN provides a self-directed brokerage window for investing your HSA funds in the broader market.
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $0+ | 0.40% |
Last updated: 06-20-2024
Contact Information
Address
215 Front Street South Barnesville, MN 56514-0737 Customer Service Mailing Address Midwest Bank PO Box 737 Barnesville, MN 56514-0737
Customer Service
(218) 354-2704
215 Front Street South Barnesville, MN 56514-0737 Customer Service Mailing Address Midwest Bank PO Box 737 Barnesville, MN 56514-0737
At a Glance
Pros & Cons
The Good
- •No account opening or closing fees
- •Self-directed brokerage access
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $2.00
User Sentiment
Based on community feedback
Sentiment data coming soon
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