Health Savings Account (HSA)
Designed for customers desiring an investment product for tax-deductible Health Savings Account contributions with the convenince of check-writing and debit card capabilities for paying qualified medical expenses.
- $100 minimum to open account
- No monthly maintenance fee
- Earns interest on the average daily balance
- Interest is credited monthly
- An HSA is portable in that you can maintain the deposit account even if you change employers or leave the work force
- Contributions may be made by any person (family member, employer, or other person) on behalf of the eligible account owner
- In accordance with IRS rules and regulations, additional catch-up contributions can be made for account owners who are at least 55 or older and not enrolled in Medicare
