South Metro Federal Credit Union
Quick Summary
- HSA savings account
The Verdict
South Metro Federal Credit Union provides essential HSA features with zero monthly maintenance fees and self-directed brokerage access, CD options, earning a 0/5.0 rating from HSA Orbit.
South Metro Federal Credit Union was established in 1993, as a member-owned, not-for-profit financial cooperative for everyone living or working in Scott, Hennepin, and Carver Counties of Minnesota. We also serve select consumer food cooperatives, housing cooperatives and their members in the upper Midwest. We are eager for the opportunity to serve you.
Key Features
Banking & Access
Basic account access provided.
Investment Options
Offers self-directed brokerage and CDs.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
Requires $100 minimum balance. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance | $0.00 | $0.69 | EXCELLENT |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Brokerage Access
South Metro Federal Credit Union provides a self-directed brokerage window for investing your HSA funds in the broader market.
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $100+ | 0.15% |
Last updated: 06-10-2024
Contact Information
Address
2573 Credit Union Drive Prior Lake, MN 55372 Customer Service
Customer Service
952-445-0888
2573 Credit Union Drive Prior Lake, MN 55372 Customer Service
At a Glance
Pros & Cons
The Good
- •No monthly maintenance fees
- •No account opening or closing fees
- •Self-directed brokerage access
- •FDIC/NCUA insured deposits
The Bad
- •No online banking
- •No debit card included
User Sentiment
Based on community feedback
Sentiment data coming soon
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