Health Savings Account Rate





On balances $5.00 and over

Health Savings Account Features


    Earn dividends on balances over $5.

    Federally Insured

    Your savings are federally insured up to $250,000.

    Free eStatements

    Receive your statements electronically for quick access.4

    Opening Deposit

    Open your account with just $5.

    Tax Advantages

    Save money tax-free for medical expenses.

How a Health Savings Account Works

  • Must be at least 18 years old
  • Be covered by a qualified High Deductible Health Plan (HDHP) — for 2023 the IRS defines a high deductible health plan as any plan with a deductible of at least $1,500 for an individual or $3,000 for a family
  • You have no other health coverage except for specialized plans like dental, vision, long-term care, and injury or accident coverage.
  • You aren’t enrolled in Medicare.
  • You can’t be claimed as a dependent on someone else's 2017 tax return.

For more details on HSAs and eligibility, please go to the IRS HSA webpage.

For 2023, if you have self-only HDHP coverage, you can contribute up to the limits shown below. For more details on HSAs and contribution limits, please go to the IRS HSA webpage.

  HSA Contribution Limit HSA Contribution Limits for people 55+
Single $3,850 $4,850
Family $7,750 $8,750

Unused funds can remain in your HSA and carry over every year. Once you are age 65 or if you become disabled, you can use HSA funds for both medical and non-medical expenses (but the non-medical uses will be taxable at that time).

You will incur a 20 percent tax penalty.

Contact Us to Open a Health Savings Account

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