Sandy Spring Bank
Quick Summary
- HSA savings account
The Verdict
Sandy Spring Bank provides essential HSA features with a monthly fee of $5.00 and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
Sandy Spring Bank has more than 50 locations across Maryland, Virginia, and Washington, DC.
Founded in 1868, Sandy Spring Bank is a premier community bank with more than 50 locations in Maryland, Virginia and Washington, D.C. The Bank offers a broad range of products and services, including retail and commercial banking, mortgage, private banking and trust services. The Bank is one of the largest financial institutions in the region and is known for its commitment to community investment.
Clients quickly realize that Sandy Spring Bank isn't just a financial institution but is also focused on creating lifelong relationships to make a difference in the lives of clients, employees and the community. Learn for yourself what makes us so unique.
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
No minimum balance to open. $18.00 opening fee.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $5.00 | $0.69 | ABOVE AVG |
| Account Opening | $18.00 | $1.88 | ABOVE AVG |
| Account Closing | $35.00 | $1.95 | ABOVE AVG |
| Paper Statement | $2.00 | N/A | -- |
* Account Opening Fee
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
Sandy Spring 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 - $2,000 | 0.01% |
| $2,000 - $10,000 | 0.01% |
| $10,000+ | 0.01% |
Last updated: 02-13-2025
Contact Information
Address
17801 Georgia Ave Olney, MD 20832 Customer Service Mailing Address Sandy Spring Bank Attn: Client Service Center 17801 Georgia Avenue Olney, MD 20832
Customer Service
800-399-5919
17801 Georgia Ave Olney, MD 20832 Customer Service Mailing Address Sandy Spring Bank Attn: Client Service Center 17801 Georgia Avenue Olney, MD 20832
At a Glance
Pros & Cons
The Good
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $5.00
- •No investment options available
User Sentiment
Based on community feedback
Sentiment data coming soon
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