Health Savings Accounts
An HSA is a medical savings account, with tax advantages, designed to help pay for medical expenses. Contributions are sheltered from income taxes, the money grows tax-deferred, and the funds can be withdrawn tax free for medical expenses. Funds rollover year-to-year.
Minimum Opening Deposit - $100
No Minimum Monthly Balance Requirement
No Monthly Service Charge
Paper Statements - $2 Per Month
Interest is earned on the average collected balance, is a variable rate, and is paid in the following tiers:
Interest is compounded monthly and credited to your account monthly. If your account is closed before interest is credited, you will not receive the accrued interest.
You can make pre-tax or tax-deductible contributions.* Contributions are limited to current government regulations.
*Contribution amounts change annually. Consult your tax advisor.