State Savings Bank
Quick Summary
- HSA savings account
The Verdict
State Savings Bank 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.
State Savings Bank has been working as a community bank in Baxter, Iowa, since 1894. Starting primarily as an Agricultural Bank, we have evolved to be an active leader in the Polk, Jasper and surrounding areas. We pride ourselves in our Commercial, Residential, Consumer, and of course, Agricultural lending.
State Savings Bank treats customers like they're our neighbors - because they are. We've grown from our rural Iowa roots, but we're still a bank you'll feel good about. When you come to our office you'll find the welcome is warm, the coffee is hot, and the care is genuine. We're both banking advisors and business connectors to the families and businesses in the communities we serve. You'll see signs of our support in both local schools and business groups.
As a state chartered bank, State Savings Bank is strong and growing. We are continually investigating new locations, new services and new ways to serve you better. We are proud to be part of growing communities, and plan to grow with you. Stop by one of our locations today to experience the State Savings Bank difference.
Key Features
Banking & Access
Includes debit card and check-writing.
Investment Options
Offers self-directed brokerage and CDs.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
No minimum balance to open. 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
State Savings Bank provides a self-directed brokerage window for investing your HSA funds in the broader market.
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $0 - $5,000 | 2.22% |
| $5,000 - $15,000 | 2.32% |
| $15,000 - $50,000 | 2.43% |
| $50,000 - $90,000 | 2.53% |
| $90,000+ | 2.68% |
Last updated: 11-11-2024
Contact Information
Address
4800 Mills Civic Parkway, Suite 100 West Des Moines, IA 50265 Customer Service Mailing Address 4800 Mills Civic Parkway Suite 100 West Des Moines, IA 50265
Customer Service
515-457-9533
4800 Mills Civic Parkway, Suite 100 West Des Moines, IA 50265 Customer Service Mailing Address 4800 Mills Civic Parkway Suite 100 West Des Moines, IA 50265
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
User Sentiment
Based on community feedback
Sentiment data coming soon
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