O

Ohio Valley Bank

Best ForEveryday Medical Spending
FeesNone ($0 Maintenance)

Quick Summary

  • HSA savings account

The Verdict

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

The Ohio Valley Bank Company, known as Ohio Valley Bank or more simply OVB, was established in 1872. Ohio Valley Bank currently operates 17 offices throughout Ohio and West Virginia.

Ohio Valley Bank's headquarters are located at 420 Third Avenue in Gallipolis, Ohio. During its 151 years in business, the bank has never changed names, making it one of the 6 oldest state chartered banks in the state. Assets are over $1 billion, and the company employs nearly 300 people.

The mission of Ohio Valley Bank is clear: Community First! OVB's job is to help the community thrive.

Key Features

Banking & Access

Includes debit card.

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. $10.00 opening fee.

Fee Analysis

Fee TypeThis ProviderIndustry AverageVerdict
Monthly Maintenance*$0.00$0.69EXCELLENT
Account Opening$10.00$1.88ABOVE AVG
Account Closing$0.00$1.95EXCELLENT

* Account Opening Fee

Industry averages calculated from 853 providers in the HSA Orbit database.

Investment Options

Savings-Only Account

Ohio Valley 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 - $10,0000.05%
$10,000 - $50,0000.05%
$50,000 - $100,0000.05%
$100,000+0.10%

Last updated: 03-18-2024

Contact Information

Address

420 Third Avenue Gallipolis, OH 45631 Customer Service Mailing Address P.O. BOX 240 Gallipolis, OH 45631

Customer Service

1-800-468-6682

420 Third Avenue Gallipolis, OH 45631 Customer Service Mailing Address P.O. BOX 240 Gallipolis, OH 45631

At a Glance

Monthly Fee$0
Investment ThresholdN/A
Interest Rate (Cash)~0.10%
Debit CardIncluded
FDIC InsuredYes

Pros & Cons

The Good

  • No monthly maintenance fees
  • FDIC/NCUA insured deposits

The Bad

  • No investment options available
  • No online banking

User Sentiment

Based on community feedback

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NegativeNeutralPositive

Sentiment data coming soon

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