R

Resource Bank HSA

Best ForEveryday Medical Spending
FeesNone ($0 Maintenance)

Quick Summary

  • HSA savings account

The Verdict

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

Resource originated in 1998 following aggressive consolidation in the Banking industry to provide a smaller community-type environment for both clients and employees. Our philosophy focuses on providing high quality service, knowledgeable personnel and active community participation. High quality service means greeting clients entering our facilities, eliminating waiting times and empowering employees to make decisions. Resource provides knowledgeable personnel with the experience and training to assist clients on the variety of both business and personal financial fundamentals. Resource employees process and monitor the movement of all automated transactions from a transferred deposit account and respond with timely decisions on loans. Active community participation means going beyond monetary support of the many local charities and good causes. We are more than just volunteers; our employees hold positions of significance within these organizations.

Key Features

Banking & Access

Includes debit card, online banking and check-writing.

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. $25.00 opening fee.

Fee Analysis

Fee TypeThis ProviderIndustry AverageVerdict
Monthly Maintenance$0.00$0.69EXCELLENT
Account Opening$25.00$1.88ABOVE AVG
Account Closing$0.00$1.95EXCELLENT

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

Investment Options

Savings-Only Account

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

Interest Rates

Interest rates are not currently available for this provider.

Contact Information

Address

70533 Hwy 21 Covington, LA 70433 Customer Service

Customer Service

985-801-1888

70533 Hwy 21 Covington, LA 70433 Customer Service

At a Glance

Monthly Fee$0
Investment ThresholdN/A
Interest Rate (Cash)Not published
Debit CardIncluded
FDIC InsuredYes

Pros & Cons

The Good

  • No monthly maintenance fees
  • FDIC/NCUA insured deposits

The Bad

  • No investment options available
  • Interest rates not published

User Sentiment

Based on community feedback

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NegativeNeutralPositive

Sentiment data coming soon

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