Health Savings Account (HSA)

Health Savings Account (HSA)

Now you can ensure your physical and financial health while reducing your tax payments! A Health Savings Account lets you contribute tax-free funds straight from your paycheck, which you can use for qualified medical expenses.

Because you own the HSA, your funds roll over year-to-year, and the account goes with you even if you change jobs. Prepare to cover the growing cost of health care by opening this important account today.


Summary
  • Prepare for your family's medical expenses
  • No setup or annual fees
  • Contributions are tax-free*
  • Interest grows tax-free
  • Withdrawals are tax-free when used for qualified medical expenses**
  • Funds roll over year-to-year automatically
  • Easy withdrawal access by check, debit, online, or teller
  • Contribution limits set by the IRS
  • Free online banking
  • Free mobile banking
  • Free monthly eStatements with check images
  • Free debit card
  • Free telephone banking
  • $50 minimum opening deposit
  • Low Monthly Fee***

*If contributions are made after income was taxed, the amount deposited is tax deductible.

**Withdrawals for non-qualified medical expenses are subject to income tax and a 20% IRS penalty. The 20% IRS penalty is waived for persons 65 and over or who have become disabled.

***$1.95 monthly fee with eStatements. Additional $2 monthly fee for a paper statement. Monthly fee is waived when you maintain a minimum daily balance of $3,000.