Health Savings Account (HSA)

group of medical professionalsA Health Savings Account (HSA) is designed to help you save for medical expenses by maintaining an account separate from your regular savings account. HSAs include individual and family plans, which are governed by the IRS.

HSA contributions are tax deductible and HSA earnings are tax-deferred. If funds are used for qualified medical expenses, HSA assets are tax free. Consult a tax advisor for tax implications.

Health Savings Accounts
Perfect for Saving for medical expenses while providing significant tax benefits
Minimum opening deposit $5
Minimum balance to earn dividends
Monthly service fee None
Debit card fee $15 for initial card, then every three years
Withdrawals/Transfers Withdrawals and transfers will be made according to IRS guidelines.
Contributions Contribution limits are determined by IRS annual limits.

Check our Savings Rates and Fee Schedule for current rates and applicable fees. Dividends are calculated daily and credited monthly.