Resource Bank HSA
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 Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance | $0.00 | $0.69 | EXCELLENT |
| Account Opening | $25.00 | $1.88 | ABOVE AVG |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
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
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
Sentiment data coming soon
Compare with Related Providers
Linn Area Credit Union
Linn Area Credit Union is a not-for-profit, full-service financial organization with branches in Cedar Rapids and Marion, Iowa. We are very much a local organization; our employees are your neighbors and our kids go to the same school. “We Are Family” is not just a tagline, it’s how we operate. We don’t call you “customers,” we call you “members.” You’re a member of the family, as well as a member/owner of the credit union. (We aren’t going to make you wear a Member’s Only jacket, though. That would be ridiculous.)
Read Review →Warren-Boynton State Bank
The mission of the Warren-Boynton State Bank is to serve its customers and communities by remaining a strong and stable community bank focused on providing high quality financial products and personal service. Warren-Boynton State Bank is a full-service bank offering loan services for farm, commercial, and consumer purposes as well as commercial and residential real estate loans. The bank has a comprehensive line of deposit products for both businesses and consumers including checking accounts, money markets, savings, IRAs and certificates of deposit.
Read Review →Fortifi Bank
Fortifi Bank has been a federally chartered financial institution for 140 years. Our asset size is $395 million and our capital levels are considered very strong. We will be here for at least another 150 years. Together, we fuel progress in the neighborhoods where you live and work. Your money turns into loans for individuals and small businesses that you know. We always provide the ultimate client experience and exist to fulfil the dreams of people, businesses, and communities through innovative financial solutions.
Read Review →Latest HSA Strategies
View all articlesIneligible HSA Contribution? How to Fix It and Avoid Penalties
Made an ineligible HSA contribution? Learn how to fix excess contributions, avoid the 6% penalty, and handle Form 8889 before the tax deadline.
Why Does Tax Software Say My HSA Contribution Is Taxable?
Your tax software shows HSA contributions as taxable income? Learn why it happens, how to fix it in TurboTax and FreeTaxUSA, and avoid penalties.