Port Washington State Bank
Quick Summary
- HSA savings account
The Verdict
Port Washington State Bank provides essential HSA features with zero monthly maintenance fees and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
Clarence Hill and George Henry opened the doors to their new bank at 206 N. Franklin St. in Port Washington, Wisconsin on Sept. 11, 1899 — less than a year after the Great Wisconsin Chair Factory Fire destroyed the town’s business district.
From this modest start, PWSB has grown to more than $637 million in funds and loan assets under active management. We rank in the top 15% of similarly sized Wisconsin commercial banks. Today, each of our eight full-service locations offers the services of a large bank with the personalized service you’ll only find at a fifth-generation, family-owned community bank.
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 $25 minimum balance. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance | $0.00 | $0.69 | EXCELLENT |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
Port Washington State 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 - $500 | 0.02% |
| $500 - $5,000 | 0.12% |
| $5,000 - $15,000 | 0.22% |
| $15,000+ | 0.32% |
Last updated: 06-17-2024
Contact Information
Address
PO Box 176 Port Washington, WI 53074
Customer Service
262-284-4416
PO Box 176 Port Washington, WI 53074
At a Glance
Pros & Cons
The Good
- •No monthly maintenance fees
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
The Bad
- •No investment options available
User Sentiment
Based on community feedback
Sentiment data coming soon
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