Summary

Plan ahead to cover the rising costs of health care for you and your family. An HSA provides a vehicle for tax-free earnings, and withdrawals are also tax free if used for qualified medical expenses.

We offer two account options. The regular Health Savings Account has the higher interest rate but limited withdrawals. Premier HSA has a slightly lesser rate but offers unlimited access. We can get you into the perfect health savings plan depending on your needs.

  • No setup or annual fees
  • No monthly service charge
  • Our highest HSA interest rate
  • Interest grows tax-free
  • Contributions are tax-free*6 free debits per month; $2 each thereafter**
  • Withdrawals are tax free when used for qualified medical expenses***Money rolls over year-to-year automatically
  • HSA belongs to you, not your employer
  • $50 minimum deposit to open
Premier HSA
  • No setup or annual fees
  • No monthly service charge
  • Unlimited check writing
  • Free debit card
  • Variable interest rate^
  • First box of checks free
  • Interest grows tax-free
  • Contributions are tax-free*
  • Withdrawals are tax free when used for qualified medical expenses***
  • Money rolls over year-to-year automatically
  • HSA belongs to you, not your employer
  • $50 minimum deposit to open
Eligibility
  • Must be covered under a qualified, high deductible health plan
  • Cannot be claimed as a dependent on another person's tax return
  • Cannot be enrolled in Medicare

Contribution limits are set by the IRS. For current maximum contribution limits for both individual and family coverage, please visit the IRS website.

MasterCard Debit Card Guide to Benefits

*Consult your tax advisor.

**Transaction limitations - Transfers or withdrawals from a Savings Account, Money Market Account, or Red Apple Club to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle. If these limits are exceeded, this account may be converted to a checking account or your ability to initiate transfers, withdrawals, or checks to third parties may be restricted.

***Withdrawals for non-qualified medical expenses are subject to income tax and a 10% penalty. The 10% penalty is waived for persons 65 and over or who have become disabled. 

^Variable interest rate which may be changed at any time.