Elk Grove Village, IL. – December 16, 2024 – First American Bank – a privately held, full-service bank with more than $6 billion in assets – was recognized for the third consecutive year for having one of the best Health Savings Accounts (HSAs) for 2025 by Investor’s Business Daily. We were ranked highly in the Low Fees category by offering a $0 monthly maintenance fee, $0 minimum balance for non-employer HSA plans.
Investor’s Business Daily curated their list of the 12 Best HSA Accounts for 2025 by weeding out providers that don’t offer an investment option and then closely evaluating fees, account features, customer reviews, input from benefit consultants and fund ratings.
“HSAs are a great tool for managing your healthcare expenses and on top of that it is a great retirement planning tool with triple tax advantages. Unfortunately, consumers often struggle when choosing the best account for their needs. Investor’s Business Daily has done a great job analyzing several providers and created a list of the best HSA offerings, and we’re proud to be a part of this elite group for the third year in a row,” said Mitch Rosenbloom, Health Account Services Sales Manager at First American Bank. “We currently serve individuals, families, and employers of all sizes and industries through more than 45,000 HSA accounts nationwide, and we look forward to working with our current and future customers as they lower their taxes, pay for healthcare more easily and even save for retirement.”
HSAs have many benefits, such as giving people with high-deductible health plans the freedom to pay for medical expenses with pretax dollars or allowing young consumers to set aside pretax funds for investment opportunities like stocks, ETFs and mutual funds. First American Bank Health Account Services offers an HSA that features 28 mutual funds, including index and target-date retirement funds from Vanguard, and a Health Savings Brokerage Account powered by Charles Schwab.1
Consumers who choose First American Bank’s HSA account offering will gain access to a number of benefits, including:
- $0 monthly maintenance fee for non-employer HSA plans
- $0 minimum balance
- First American Bank health mobile app
- 24/7 account access to the online consumer portal
- $1,000 investment threshold1
- Competitive interest rates
For more information on First American Bank’s HSA offering, please visit www.firstambank.com/HSA. Stay up-to-date on the latest by following the Bank on LinkedIn, Instagram, and Facebook.
To learn more, read the full publication here.
ABOUT FIRST AMERICAN BANK
First American Bank is a privately held multi-state full-service community bank. We started out nearly 50 years ago as a combination of community banks serving the Chicago metropolitan area. Since then, we’ve grown to become the largest privately held bank in Illinois with 61 locations across Florida, Illinois, and Wisconsin and over $6 billion in assets. Our focus has consistently revolved around three core values: creating solutions, exceptional customer service, and unmatched expertise in commercial banking, wealth advisory, and personal finance solutions.
For some, banking is a transaction. For us, it is a continuous financial partnership. Our services span from a robust network of personal and online banking to working capital solutions, business loans, and trade advisory for business owners and manufacturers -- all strengthened by private banking offerings giving our clients a full suite of financial planning and wealth management solutions. Our clients are individuals, private business owners, entrepreneurs, and fast-growing companies seeking to create and preserve their wealth through personalized attention and tailored financial solutions.