Savings

Savers and spenders unite! The hardest part of saving is getting started. Whether you want to save for tuition or a trip, a home or health care we can help you get off to a good start with our easy-to-manage savings plans.

Health savings accounts

Health Savings Account – HSA*

A savings plan to help you take control of health care expenses.

A Health Savings Account (HSA), used in combination with a high deductible health plan (HDHP), can significantly reduce the cost of your health insurance plan. In addition, contributions are pre-tax dollars which gives you:

  • The benefit of a tax deduction when you contribute
  • Tax-free earnings
  • Tax-free withdrawals for qualified medical expenses
Minimum Balance None
Interest Earnings Yes
Online Banking Free
Statements (”e” or paper) Free
Check Writing Unlimited
Checks (standard) First Order Free
Automatic Transfers
from Payroll		 Free

Your Money Saving Coupon

*Interest will be compounded and credited to your account monthly. We use the daily balance method to calculate interest which applies a daily periodic rate to the principal balance each day. Consult your tax advisor regarding tax benefits.

To learn more about the benefits of these accounts, please visit our relationship specialists.