Health Savings Accounts

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:

  • You can offset the costs associated with a high deductible health plan.
  • It’s a tax-deferred account.
  • Distributions are tax-free for qualified medical expenses.*
  • It’s your money, so there is no “use it or lose it” policy.
  • Balances roll over from year to year.
Health Savings Account Rates3
Effective December 1, 2018
Minimum Deposit to Open
Daily Minimum Balance to Obtain APY
Dividend Rate
APY*
$0$0 - $499.99.10%.10%
 $500 - $2,499.99.20%.20%
 $2,500 - $4,999.99.20%.20%
 $5,000 and up.30%.30%

*For specific information, seek advice from your tax or legal professional.