Health Savings Account (HSA)
Do you have a high-deductible health plan (HDHP)? You may be eligible to save money on out-of-pocket medical expenses through a Health Savings Account.
Contributions to your health savings account are federally tax-deductible. Distributions are tax-free, as long as they are used for qualified medical expenses. Interest grows tax-free. Your balance will roll over from year to year.
Features of our health savings account:
No minimum initial deposit
No minimum balance required
Interest earned on all balances and paid monthly
No monthly service fee
No per check or per item fees
May be opened as a Money Market Account
Free checks (in select styles)
Free ATM/debit card
Free e-statements
24/7 telephone, online and ATM banking available
Direct deposit available
Annual contribution limits are set by the IRS and may exceed health plan’s annual deductible
Account is owned by the individual – will not lose funds when changing employers
Your employer may choose to contribute to your HSA
To speak with a customer service representative about opening a health savings account, contact us at 888-966-6282 or by visiting your local branch.
