S

Security Bank

Best ForEveryday Medical Spending
FeesNone ($0 Maintenance)

Quick Summary

  • HSA savings account

The Verdict

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

Security Bank, SB is the only mutual savings bank located in Springfield, Illinois and has been servicing the community for over 144 years. We are a full-service financial institution that offers its customers both consumer and commercial credit products with a variety of deposit solutions. Security Bank, SB is the combination of 5 separate legacy banks which date back to 1874 (Workingmen’s Savings and Homestead Association (1874), Sangamon Savings and Homestead Association (1886), Springfield Bank and Loan Association (1886), Washington Park Bank and Savings Association (1902) and Security Improvement and Loan Association (1906)). Springfield is the state capital of Illinois and is the geographical center of Sangamon County which has a population of 197,499 as of 2016 according to U.S. Department of Commerce.

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 $50 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

Security Bank 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

510 E. Monroe Springfield, IL 62701-1588 Customer Service

Customer Service

217-789-3500

510 E. Monroe Springfield, IL 62701-1588 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
  • No account opening or closing 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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