U

Union Bank

Best ForEveryday Medical Spending
FeesNone ($0 Maintenance)

Quick Summary

  • HSA savings account

The Verdict

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

Since its founding in 1891, Union Bank has made banking a little bit easier and more convenient for you by investing in the success of its local community — your community. And with more than $1.3 billion in total assets and countless checking, savings and investment accounts opened since 1891, we’ve more than proved our value to the community.

But we also quantify success by the value of the services and convenience we can offer you, our members and customers. We’re proud to have 21 offices throughout Northern Vermont and Northern New Hampshire, staffed with friendly, helpful representatives. We’re also proud to have a dedicated full- service branch and loan center in Williston, Vermont that has helped thousands of Vermonters buy and build their own homes.

With a menu of services that rivals any of the big banks, we know we have the products to meet your needs - and the flexibility to find the banking solution that suits you best.

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. 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

Union Bank currently offers a savings-focused HSA without investment options. Your funds earn interest in a cash account.

Interest Rates

Standard Rates

Balance RangeAPY
$0 - $9990.00%
$1,000 - $249,9990.05%
$250,000+0.10%

Last updated: 03-11-2024

Contact Information

Address

9 Ramsey Road Fairfax, VT 05454 Customer Service Mailing Address Union Bank PO Box 667 Morrisville, VT 05661-0667

Customer Service

800-753-4343

9 Ramsey Road Fairfax, VT 05454 Customer Service Mailing Address Union Bank PO Box 667 Morrisville, VT 05661-0667

At a Glance

Monthly Fee$0
Investment ThresholdN/A
Interest Rate (Cash)~0.10%
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

User Sentiment

Based on community feedback

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NegativeNeutralPositive

Sentiment data coming soon

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