Health Savings Accounts (HSA)

• $100 minimum deposit to open
• No minimum balance is required
• $2.50 monthly service charge
• Interest is tiered and variable
• Debit Card(s) available
• Checks available

A Health Savings Account may be a valuable tool in dealing with mounting medical expenses.  Its various features and financial benefits, offer protection against major health care costs, but it is also a potential reservoir of tax-deferred savings if you don’t need the HSA assets for medical expenses.  When eligible to have one you can experience the following benefits:

• Savings tool with investment earnings
• Flexibility to pay current medical expenses or save for future needs
• Tax-deductible contributions
• Tax-deferred earnings
• Tax-free distributions, if used properly
• Balance carries over from year to year
• Remains with you, regardless of change in coverage or employment

Contact one of Customer Service Representatives to learn more about a HSA and how it may benefit you!

Click here to go to our Interest Rate page