Associated Bank
Quick Summary
- Mutual fund + brokerage + CDs
- Investment guidance tool
- Competitive interest rates
- Midwest presence
The Verdict
Associated Bank offers a solid foundation with zero monthly maintenance fees and self-directed brokerage access, mutual fund investing, CD options, earning a 3.6/5.0 rating from HSA Orbit.
At Associated Bank, we take great pride in serving the people, businesses, and communities of the Midwest and beyond. Since establishing our HSA business line in 2003, we have built a high-performing, customer-focused team of professionals. Every time you call, you’ll speak with a fully licensed professional dedicated solely to servicing HSA and other health benefit accounts. With a long list of benefits for both employers and participants, we continue to prove our commitment to providing great local customer service and offering excellent, affordable benefit accounts.
Key Features
Banking & Access
Includes debit card and online banking.
Investment Options
Offers self-directed brokerage, mutual fund investing 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 |
* No monthly fee
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Brokerage Access
Associated Bank provides a self-directed brokerage window for investing your HSA funds in the broader market.
Mutual Fund Investing
Access mutual fund investments through your HSA with Associated Bank.
- Minimum Threshold$500
- FeesVaries
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $0 - $2,500 | 0.12% |
| $2,500 - $7,500 | 0.15% |
| $7,500 - $14,500 | 0.18% |
| $15,000+ | 0.25% |
Last updated: 01-25-2026
Contact Information
Address
[email protected]
Customer Service
Sales Contact
800-991-7703
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
- •$500 minimum to invest
User Sentiment
Based on community feedback
Sentiment data coming soon
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