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WaterStone Bank

Best ForEveryday Medical Spending
FeesNone ($0 Maintenance)

Quick Summary

  • HSA savings account

The Verdict

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

Since 1921, WaterStone Bank has served local communities as a financial institution known for its tradition of stability and community involvement. With offices throughout suburban Milwaukee, the bank offers mortgage products, home equity products, checking, savings, certificates of deposit, money market, IRA accounts, commercial loans and business banking products.

From 1921 through May 2008, WaterStone Bank was known primarily as Wauwatosa Savings Bank. The bank experienced quite a bit of growth throughout the years leading up to 2008, both in new branch offices and in additional product lines. On May 19, 2008, Wauwatosa Savings Bank became WaterStone Bank, SSB

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

WaterStone 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 - $5,0000.10%
$5,000 - $10,0000.15%
$10,000 - $25,0000.20%
$25,000 - $50,0000.25%
$50,000+0.30%

Last updated: 08-21-2024

Contact Information

Address

11200 W Plank Court Wauwatosa, WI 53226 Customer Service Mailing Address 11200 West Plank Court Wauwatosa, WI 53226

Customer Service

(414) 761-1000

11200 W Plank Court Wauwatosa, WI 53226 Customer Service Mailing Address 11200 West Plank Court Wauwatosa, WI 53226

At a Glance

Monthly Fee$0
Investment ThresholdN/A
Interest Rate (Cash)~0.30%
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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