Health Savings Accounts

HSAs grant you tax advantages* on funds set aside for medical expenses if you have a high-deductible insurance plan. Funds contributed to the account are not subject to income tax at the time of deposit, and accrue interest until you use them for qualified healthcare costs.

• No monthly maintenance fee
• Funds remain with you if you change jobs or retire (after age 65, may use funds penalty-free for any purpose)
• Earns interest—calculated daily, paid monthly
• Unlimited access within IRS guidelines
• Instant-issue MasterCard debit card—free!
  • Free Identity Theft monitoring with enrollment
  • Free Card Alerts with enrollment
• Domestic ATM surcharge refunds—up to $12 per month
• Online banking—with bill pay
• Mobile app—with mobile deposit

Requirements¶

• $100 minimum to open
• $5 monthly paper statement fee—waived with electronic statement enrollment

^*Consult a tax advisor for more information