Share Facebook Twitter LinkedIn Pinterest Email Pros No monthly account fees when you opt for e-statements No minimum opening deposit Cons There’s a $1.50 monthly fee for paper statements To earn the highest APY, you need at least $50,000 There’s a $25 fee for closing your account. Source link See also Federal Employees with Young Children and Dependent Parents Can Benefit from the Dependent Care Flexible Spending Account account health HSA providers savings