With an HSA, you can start saving for future medical costs so that you have the funds when you need them. An HSA is a tax-exempt custodial account established for the purpose of paying medical expenses in conjunction with a high-deductible health care plan.
Summary
- Interest bearing
- Possible tax advantages*
- Free check card
- Free Online Banking
- Online Bill Payment
- Low annual fee*
- No minimum balance
- Money may be used for any qualifying medical expense
More Information
Interest is paid on daily collected balance and will be credited to the account monthly. Contribution limits apply. IRA transfer and closure fees apply.
*HSA has an Annual Percentage Yield (APY) of 0.75%, interest 0.75% on all balances $0.01 - $4,999.99, APY of 0.75% on all balances $5,000.00 - $9,999.99, APY of 0.75% on all balances $10,000.00 and above. Rate as of 6/30/21. Enrollment in a high deductible health insurance plan as defined by the Federal Government (IRS) is a requirement for this account. The rate may change after the account is opened. Fees could reduce earnings on the account. Please consult your tax advisor. Annual fee waived when enrolled with e-statements.
