Health Savings Accounts
Your Health Savings Accounts works just like a regular checking account. You can use your Visa® Debit Card or even use our Personal CheckFree® Bill Pay to pay for qualified medical expenses. Statements can be mailed or viewed online.
To open your Health Savings Account, please visit one of our branch locations.
- $100 minimum opening deposit.
- No monthly service charge.
- Visa Debit Card®.
- Online Banking with Bill Pay.
- Earn Interest.
Reasons to Open a Health Savings Account
- Freedom of choice over your health care decisions.
- Long-term savings.
- Tax savings.
- Interest Earnings.
A Health Savings Account in conjunction with a high-deductible health plan is one way to lower your health care costs and ensure that when you need the money, it will be there for you. It's a tax-advantaged account that can be used to pay for day-to-day eligible medical expenses. Your Health Savings Account is also an excellent way to save for retirement as the money in your account continues to grow tax-free, year after year. Contact your tax professional to determine your specific tax savings.
*For professional guidance on tax implications, we advise you consult with a tax or legal professional.