WaterStone Bank
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 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
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 Range | APY |
|---|---|
| $0 - $5,000 | 0.10% |
| $5,000 - $10,000 | 0.15% |
| $10,000 - $25,000 | 0.20% |
| $25,000 - $50,000 | 0.25% |
| $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
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
Sentiment data coming soon
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