Savings

Health Savings Accounts (HSAs)

A Health Savings Account allows you to ensure your physical and financial health while reducing your tax payments. You can contribute money straight from your paycheck, so you do not pay taxes on the income. Use the funds for a qualified medical expense and you never pay tax. Best of all, you own the HSA, so funds roll over year to year and you carry the account with you wherever you go!

Details
  • Must have a have a high-deductible insurance plan 
  • $20 one-time setup fee
  • $2 monthly service fee if balance falls below $2,000 
  • No minimum balance to open
  • Contributions are tax free*
  • Dividends grow tax free*
  • Withdrawals are tax free when used for qualified medical expenses*
  • Money rolls over year to year automatically
  • You own your HSA, not your employer 
  • Easy withdrawal access by check, debit, online, teller
  • Add your HSA account as an extra account on bill pay at no additional charge
  • Competitive dividend rates and low fees

If you are an employer and want to provide this valuable benefit to your employees, talk to one of our member service representatives to help you set it up.

Resources

*Consult a tax advisor.