Health Savings Account (HSA)
Healthcare gets more expensive every year. Stay ahead of increasing costs with a tax-advantaged HSA.
Pre-tax contributions. Tax-free withdrawals.
Invest in your health and financial well-being with a health savings account and earn 1.50% APY.* Combined with a high-deductible health plan (HDHP), an HSA reduces out-of-pocket HDHP costs and helps pay for a variety of IRS-approved items, including:
- Doctor’s office visits and lab tests
- Dental services
- Eye exams, eyeglasses, contact lenses, and laser surgery
- Orthodontia, dental cleanings, and fillings
- Prescription drugs and some over-the-counter (OTC) medications
- Physical therapy, speech therapy, and chiropractic expenses
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Savings Rates
Showing rates for
Effective Date 04/10/2026
| Account | Minimum Balance | Dividend Rate | APY* |
|---|---|---|---|
| Account Share Savings (incl. IRA) | Minimum Balance $100 min to earn | Dividend Rate 0.050% | APY* 0.05% |
| Account Holiday Savings | Minimum Balance $1 to $1,000 | Dividend Rate 0.995% | APY* 1.00% |
| Account Holiday Savings | Minimum Balance $1000.01 or greater | Dividend Rate 0.050% | APY* 0.05% |
| Account Youth Savings | Minimum Balance $1 min to earn | Dividend Rate 0.050% | APY* 0.05% |
| Account Adolescent$ Savings Account | Minimum Balance $1 min to earn | Dividend Rate 0.050% | APY* 0.05% |
| Account Health Savings Account | Minimum Balance $100 min to earn | Dividend Rate 1.500% | APY* 1.50% |
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Health Savings Account FAQs
Got questions? We’ve got answers. Don’t see an answer to your question here? Contact us, and a team member will be happy to help.
If you are covered under a high deductible health plan (HDHP), are NOT covered under any other health plan, are NOT enrolled in Medicare, cannot be claimed as a dependent on someone else’s tax return, and have not been a recipient of veterans’ medical benefits in the previous three months, then you are eligible to establish an HSA.
Your health insurance provider would be able to tell you if you have an HSA-eligible HDHP. Your health plan is an HDHP if it meets certain requirements, which vary based on type of coverage you have (self-only or family).
Qualified medical expenses are medical expenses that are:
- Incurred on behalf of the HSA owner, their spouse, or dependents
- Incurred after an HSA has been established
- Not covered by insurance
- Paid by the HSA owner, their spouse, or dependents
As the HSA owner, you can take money out of your HSA at any time to pay for qualified medical expenses tax free, even if you are no longer an HSA eligible individual at the time of the distribution.
As the HSA owner, you are responsible for determining whether an expense is a qualified medical expense and therefore, a qualified distribution. You should also keep your receipts and maintain your records for any tax-free distributions you take from your HSA, in case you need to defend your expenditures or decisions during an IRS audit.
The maximum amount you can contribute to an HSA each year depends on:
- Whether or not you are eligible for a contribution, and if so, if you are eligible for a catch-up contribution
- What type of HDHP coverage the HSA owner carries throughout the year (self-only or family)
- How many months the HSA owner is covered by a qualified HDHP
Total contributions made by or on behalf of an HSA owner cannot exceed the annual contribution limit for the given year.
Make the Most of Your Health Savings Account
Grow your savings. Make pre-tax contributions and tax-free withdrawals. Your contributions don’t apply to your federal taxable income.
Roll over your funds. Save your unused funds for future expenses. You never have to worry about losing your money.
Transfer your funds to a new account anytime. Your HSA funds are always yours, even if you change employers or financial institutions.
Disclosure:
*APY = Annual Percentage Yield. All dividend rates and APY may change at any time. The APYs shown above assume that all principal and dividends remain on deposit for the entire term. Fees could reduce earnings on the above accounts.
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