P

Primebank

Best ForEveryday Medical Spending
FeesNone ($0 Maintenance)

Quick Summary

  • HSA savings account

The Verdict

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

Located in northwest Iowa, Primebank has been an integral part of the growth and development of the communities it serves. In 1891, the bank was founded with the name German State Bank. Security Bank, founded in 1889, was sold to German State Bank that same year. While still the same banking institution, our bank has changed its name several times to coincide with the times. Our name changed to Le Mars Savings Bank in 1903, to Le Mars Bank and Trust Company in 1991 and finally to Primebank in 2002.

Primebank employs a staff of over 85 professionals dedicated to helping our customers enjoy financial success. Primebank provides cutting-edge services and continues to lead the way in deposit products, consumer and home mortgage loan services and commercial and agricultural business relationships.

Primebank has stood the test of time and proved to be the pillar of strength and endurance that is needed to help our customers prosper.

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. 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

Primebank currently offers a savings-focused HSA without investment options. Your funds earn interest in a cash account.

Interest Rates

Standard Rates

Balance RangeAPY
$500 - $4,9990.10%
$5,000 - $9,9990.25%
$10,000+0.50%

Last updated: 06-17-2024

Contact Information

Address

37 1st Ave NW Le Mars, Iowa 51031 Customer Service Mailing Address PO Box 1408 Le Mars, Iowa 51031

Customer Service

712 546-4175

37 1st Ave NW Le Mars, Iowa 51031 Customer Service Mailing Address PO Box 1408 Le Mars, Iowa 51031

At a Glance

Monthly Fee$0
Investment ThresholdN/A
Interest Rate (Cash)~0.50%
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
  • No online banking

User Sentiment

Based on community feedback

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NegativeNeutralPositive

Sentiment data coming soon

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