Health Savings Account

A tax exempt account for qualified high deductible health care plans.

• $50 minimum opening deposit
• $20 account set-up fee
• Interest compounds monthly
• Interest earned on account may be tax free
• No monthly service fee
• Account access with Debit Card
• No Debit Card fee
• No annual account fee
• A federally approved, tax exempt account designed for the purpose of paying medical expenses for individuals and families with a qualified high-deductible health care plan
• Contributions may be tax deductible and can be made by an individual or by an employer
• Withdrawals for qualified medical expenses are tax deductible
• Unused funds and interest are carried over, without limit, from year-to-year
• The funds can be transferred due to a plan change or retirement and are not forfeited for nonuse
• Monthly statement
• Online Banking & BillPay
• FDIC insurance coverage up to the maximum amount permitted by law.