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 Contributions are sheltered from income taxes, the money grows tax-deferred, and the funds can be withdrawn tax free for medical expenses.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.
- Minimum Opening Deposit - $100
- No Minimum Monthly Balance Requirement
- No Monthly Service Charge
Key Benefits
- Free Online Banking
- Free Online BillPay
- Free Mobile Banking
- Free Mobile Deposit
- Free Monthly eStatement
- Free Debit Card Rewards
Interest
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.
Annual Contributions
You can make pre-tax or tax-deductible contributions.* Contributions are limited to current government regulations.
*Contribution amounts change annually. Consult your tax advisor.