P

Port Washington State Bank

Best ForEveryday Medical Spending
FeesNone ($0 Maintenance)

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 TypeThis ProviderIndustry AverageVerdict
Monthly Maintenance$0.00$0.69EXCELLENT
Account Opening$0.00$1.88EXCELLENT
Account Closing$0.00$1.95EXCELLENT

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 RangeAPY
$0 - $5000.02%
$500 - $5,0000.12%
$5,000 - $15,0000.22%
$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

Monthly Fee$0
Investment ThresholdN/A
Interest Rate (Cash)~0.32%
Debit CardIncluded
FDIC InsuredYes

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

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NegativeNeutralPositive

Sentiment data coming soon

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