Health Savings Account

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

LEARN MORE

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

Disclaimers

  • $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.

INTEREST TIERS

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

REQUIREMENTS

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

WHAT YOU NEED TO APPLY:

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