Health Savings Account

A Health Savings Account (HSA) is like a personal savings account, but it can only be used for qualified healthcare expenses. To be eligible, you must be enrolled in a High-Deductible Health Plan (HDHP). Health Savings Accounts also have some important tax advantages.


A Health Savings Account (HSA) can help patients with high-deductible health insurance plans cover their out-of-pocket costs.

Contributions to HSAs generally aren’t subject to federal income tax, and the earnings in the account grow tax-free.

Unspent money in an HSA rolls over at the end of the year so it’s available for future health expenses

Is a Health Savings Account right for you?

Health Savings Account


This Account Is Best For You If: You are covered by a high-deductible health insurance plan and want a way to save money tax free for qualified medical expenses.

Account Features:

  • Free online banking
  • Debit card accessible
  • Tiered interest rates based on account balance


A Health Savings Account allows eligible individuals who are covered by a high-deductible health insurance plan a checking account to set aside money tax free. The distributions are tax-free as long as they are used for qualified medical expenses of the owner, spouse or dependent(s).

  • Free debit card and online banking
  • Tiered interest levels


  • $2 monthly service charge if the average daily balance drops below $1,000. This service charge is waived for the first 12 months of the account.
  • $2 monthly paper statement fee will be charged if you do not elect to receive eStatements.


  • Tier One: $0.01 – $4,999.99
  • Tier Two: $5,000 – $14,999.99
  • Tier Three: $15,000 and up


All new account applications are subject to approval; a review of your credit history may be used.


  • Social Security number
  • Date of Birth
  • Current street address
  • Unexpired government-issued photo ID