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Eligible individuals enjoy the benefit of tax deductible contributions and tax free distributions.*
Account Features:
- Free Debit Card
- Free Checks (first order only)
- Free Internet Banking with Bill Pay
- Transfer long-term balances to a higher yielding 12 month HSA CD**
- In Person & Telephone withdrawals / transfers are subject to $1 fee per transaction
- No Monthly Maintenance Fee
- Annual fee $25
- Setup fee $35 – includes first year annual fee
- Interest Paid Monthly based on the daily balance
This is a variable rate account and the rate may change. Minimum opening deposit of $100.00. Fees may reduce earning on the account.
* Health Savings Accounts are only available to eligible individuals. Distributions are tax free when used for Qualified Medical Expenses. Please contact your tax advisor to determine eligibility of contributions & expenses.
**We will allow two transfers, penalty free, from the HSA certificate per year. Additional withdrawals from the HSA Certificate are subject to 180 day interest penalty with a minimum withdrawal of $500. Rate is equal to the rate on the United Bank & Trust 12-month certificate on the date of opening. Minimum transfer of $2,000 to open the HSA certificate.
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