Health Savings Account (HSA)

A Health Savings Account (HSA) is a savings account that can be used as part of a High Deductible Health Plan (HDHP). It allows you to pay for health expenses and build savings for future qualified medical health expenses on a tax-free basis. Consult your tax professional for details. You, your employer or another person can make contributions on your behalf. See disclosures, rates and fees.

Locate a branch | Open a Health Savings Account

Features of HSAs:

  • Savings account with a free Visa® debit card, instantly issued

  • Accumulated earnings are tax-deferred

  • Membership fee may be waived

  • No monthly service fee

  • No annual administration fee

  • Contributions are tax deductible up to annual limits set by the IRS

  • Funds remain in your account from year to year; there's no “use it or lose it” each year like with a Flexible Spending Account (FSA)

  • You own your HSA account even if you change jobs or health insurance

  • Federally insured by the NCUA up to $250,000

Locate a branch | Open a Health Savings Account

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