Northwest Bank
Quick Summary
- HSA savings account
The Verdict
Northwest Bank provides essential HSA features with a monthly fee of $3.00 and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
Northwest Bancshares, Inc. is a full-service financial institution offering a complete line of personal and business banking products including employee benefits, investment management services, insurance and trust. Northwest is regulated by the Board of Governors of the Federal Reserve System and operates 172 community banking locations in Pennsylvania, New York and Ohio.
Northwest has operated as a community-oriented financial institution since 1896 and has demonstrated a pattern of sustained expansion resulting from strong internal growth combined with a series of mergers, acquisitions and new office openings.
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* | $3.00 | $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
Savings-Only Account
Northwest 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 - $1,000 | 0.00% |
| $1,000 - $5,000 | 0.01% |
| $5,000 - $15,000 | 0.05% |
| $15,000+ | 0.10% |
Last updated: 08-19-2024
Contact Information
Address
301 Second Avenue Warren, PA 16365 Customer Service Mailing Address Northwest Bank P.O. Box 128 Warren, PA 16365
Customer Service
1-877-672-5678
301 Second Avenue Warren, PA 16365 Customer Service Mailing Address Northwest Bank P.O. Box 128 Warren, PA 16365
At a Glance
Pros & Cons
The Good
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $3.00
- •No investment options available
User Sentiment
Based on community feedback
Sentiment data coming soon
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