Health Savings Accounts
Save for future medical expenses by putting money into this account.
- No minimum balance required
- Account can be accessed by check, Online Banking, Mobile Banking and TeleBanc
- Free monthly statement
- Funds can be used to pay for current medical expenses, including expenses that your insurance may not cover, or save the money for future needs.
- Funds remain in the account from year-to-year, just like an IRA
- Provides triple tax savings:
- Tax deductions when you contribute to your account
- Tax-free earning through investment
- Tax-free withdrawals for qualified medical expenses