Health costs can add up. That’s why we believe the Health Savings Account can help you be prepared. HSAs earn interest, can have a debit card and checks, and are tax-exempt. This account qualifies for individuals and families covered by high deductible health plans (HDHPs). Here’s some more helpful information if this seems like a good fit for you! An HSA is an IRA-like account designed exclusively for covering medical expenses incurred by the HSA owner, the HSA owner’s spouse, and his or her dependents. HSA contributions (by the HSA owner) are excluded from taxable income. HSA earnings are tax-exempt. If used for qualified medical expenses, HSA assets are never taxed.
Earn interest on your savings
- One-time set-up fee of $15. Monthly fee of only $2, waived with a $5000 minimum balance. Open with only $25 and deposit up to yearly limits
- Free Digital Banking and Debit Card