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 Contributions are sheltered from income taxes, the money grows tax-deferred, and the funds can be withdrawn tax free for medical expenses.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.
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- Minimum Opening Deposit - $100
- No Minimum Monthly Balance Requirement
- No Monthly Service Charge
- Free Online Banking
- Free Online BillPay
- Free Mobile Banking
- Free Pocket Your Change
- Free Mobile Deposit
- Free Monthly eStatement
- Free Debit Card Rewards
Interest is earned on the average collected balance, is a variable rate, and is paid in the following tiers:
- Tier I - $1,500 - $9,999.99
- Tier II - $10,000 - $49,999.99
- Tier III - $50,000 - $99,999.99
- Tier IV - $100,000 - Above
Interest is accrued daily and is paid 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.