Northeast Bank
Quick Summary
- HSA savings account
The Verdict
Northeast Bank provides essential HSA features with a monthly fee of $5.00 and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
Northeast Bank is a premier independent community bank committed to providing quality products and exceptional service. Our story began in 1947 when Northeast Bank was founded by a handful of local business people to address the need for a local bank. Previously, the only bank serving the Northeast Minneapolis area had been purchased by another bank and relocated, leaving the area without even a branch office.
Even though the State of Minnesota had not issued any new bank charters during the previous 25 years, the Northeast Bank founders were undaunted. They were motivated by the banking needs of local businesses and families and decided to do something about it. Ray Mikolajczyk, Ray Julkowski, Walter Larson, Walter Kostick, and Walter Warpeha gathered a group of other community leaders and residents, chartered a bus and took their petition for a bank charter to the Minnesota State Capital. The charter for Northeast Bank was granted on November 20, 1947.
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
No minimum balance to open. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $5.00 | $0.69 | ABOVE AVG |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $20.00 | $1.95 | ABOVE AVG |
* Account Opening Fee
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
Northeast 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+ | 0.55% |
Last updated: 08-22-2024
Contact Information
Address
77 Broadway Street NE Minneapolis, MN 55413 Customer Service
Customer Service
612-379-8811
77 Broadway Street NE Minneapolis, MN 55413 Customer Service
At a Glance
Pros & Cons
The Good
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $5.00
- •No investment options available
User Sentiment
Based on community feedback
Sentiment data coming soon
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