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Health Savings Accounts

Don't let being sick burden you.

You can’t plan to be sick, but you can plan ahead for costs that your insurance company might not cover. From co-pays to out-of-pocket expenses, medical costs can add up, and by putting money into a Health Savings Account, medical expenses won’t be a burden.

Check out the benefits of this account:

 
  • Use for current medical expense or save for future needs
  • Distributions are tax-free for qualified medical expenses*
  • Balances carries over from year to year
  • No maintenance fee, regardless of change in coverage or employment
  • Free HSA Visa® debit card
To learn more about the Health Savings Accounts TruStone Financial offers members, visit your branch or call (800) 862-1998.

*For specific information, seek advice from your tax or legal professional. Maximum contribution limits set by Internal Revenue Service (IRS). Must have High Deductible Health Plan. TruStone Membership Required.

Health Savings Accounts

Declared for quarter ending May 1, 2021
Minimum Opening Deposit Daily Minimum Balance to Obtain APY Dividend Rate APY*
Health Savings Account $0 $0 - $499.99 0.10% 0.10%
$0 $500 - $2,499.99 0.20% 0.20%
$0 $2,500 - $4,999.99 0.20% 0.20%
$0 $5,000+ 0.30% 0.30%

*APY: Annual Percentage Yield. Fees could reduce the earnings on the dividend bearing accounts.

DIVIDEND INFORMATION:
Balance computation method — Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on non-cash deposits — Dividends will begin to accrue on the business day you deposit non-cash items (e.g. checks) to your account. Nature of dividends — Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period. Compounding and frequency - Dividends will be compounded monthly and credited to your account on every monthly statement or at the end of the calendar quarter. Effects of account closing — If you close your account before dividends are paid, you will receive the accrued dividends. These are prospective dividend rates and anticipated Annual Percentage Yields (APY) for the current dividend period and may change at any time without limitations as determined by the TruStone Board of Directors. To confirm the current rates, call 763.591.4949 or 800.343.8328

For these account types, the dividend period is monthly; for example, the first dividend period of the calendar year is January 1 through January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the ending date of a dividend period: for example, January 31.


For specific information, seek advice from your tax or legal professional. Maximum contribution limits set by Internal Revenue Service (IRS). Must have High Deductible Health Plan. TruStone Membership Required.

Want to learn about TruStone's Health Savings Accounts?

Visit a Branch  Call Us at 800-862-1998