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We’re here for you (in sickness and in health). Open an HSA to cover all kinds of medical expenses.

Key Features

  • Tax Advantages*
  • Funds are Yours for Life
  • No Monthly Service Charge
  • Greater personal control over healthcare management and expenses
  • Prepare for qualified medical expenses
  • Receive higher rates on larger deposits
  • An HSA provides triple tax savings:
    • Tax deductions when you contribute to your account
    • Tax-free earnings through investment
    • Tax-free withdrawals for qualified medical, dental, vision expenses, and more*
  • Contributions are tax-free and can be made by you, your employer, or a third party
  • Funds can be withdrawn at any time**
  • No monthly service charge
  • No minimum balance requirements
  • Unused funds remain in account year after year; no "use it or lose it" policy
  • Keep your HSA in your name, regardless of career or life changes 


Most adults under 65 who are not enrolled in Medicare and are covered under a high-deductible health plan (HDHP) can qualify for an HSA, but it is up to the account holders to determine their own eligibility. Please contact your tax advisor for further eligibility requirements. 

*Consult a tax advisor. 

**You can withdraw funds at any time for any purpose. However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subject to a 10% penalty.

Manage contributions easily with our HSA checking account. Easily pay for your monthly medical expenses with check or debit card.

  • No monthly service charge
  • No minimum balance requirements
  • Unlimited, free Visa® debit card usage
  • Unlimited check writing
  • Monthly statement and check images
  • Free digital banking, including:
    • Online banking & bill pay
    • Mobile banking with mobile deposit
    • eStatements
  • $100 deposit to open
  • $25 enrollment fee

Earn healthy interest rates while saving for future healthcare expenses.* Plus, get tax benefits and tiered interest to make the most of your funds while ensuring that your medical bills are covered.

  • Interest calculated daily and paid monthly
  • Interest rates earned on balances of $1,000 or more
  • Avoid the $15 monthly service charge by maintaining a $1,000 minimum balance
  • Six free withdrawals per month; $15 per withdrawal thereafter**
  • Unlimited lobby transactions
  • Free digital banking, including:
    • Online banking and bill pay
    • Mobile banking and mobile deposit
    • eStatements
  • $1,000 deposit to open 
  • $25 enrollment fee

*Federal regulation requires banks to take steps to prevent excessive transactions in non-transactional accounts. Savings and money market accounts may not exceed six (6) electronic transfers or withdrawals per month. Electronic transfers or withdrawals include (i) online transfers, (ii) point-of-sale transactions, (iii) pre-authorized, automatic, scheduled, or recurring transfers or withdrawals, (iv) TeleBank transfers, or (v) telephone requests for transfers. If you exceed six (6) monthly electronic transfers or withdrawals on more than an occasional basis, we may revoke your privileges on that account or we may convert your account to an eligible account allowing unlimited transactions. Transfers and withdrawals made in person at a branch, in a night drop, at an ATM, and mail requests do not count toward the six (6) per month limit.

**You may make six (6) transfers from your account each four (4) weeks or similar period by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. Transfers or withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

What is a Health Savings Account (HSA)?

A Health Savings Account is an alternative to traditional health insurance. It is a savings product that offers a different way for consumers to pay for their routine medical expenses. An HSA enables you to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax-free basis. HSAs must be used in conjunction with a qualified High Deductible Health Plan (HDHP). 

What is a qualified High Deductible Health Plan (HDHP)?

An HDHP is an insurance plan that has a higher minimum deductible than standard PPO insurance plans. You need to verify with your insurance provider and/or with your employer as to whether or not your insurance plan qualifies you to contribute to an HSA. Usually plans with co-pays are not eligible.

By selecting a health insurance plan with a higher deductible, employers may save up to 40% on health care expense over a traditional healthcare insurance plan. Often this results in a lower premium for the employee. Or individuals who previously felt they could not afford health insurance now have access to cost-effective, comprehensive health insurance plans. 

What are eligibility qualifications for an HSA?

  • Must be covered under a qualified high-deductible health plan
  • Not covered under another type of health plan
  • Not entitled to Medicare benefits (must be under 65)
  • Not claimed as a dependent on another person's tax return 

What are the contribution requirements to an HSA?

As of 2019, you can contribute $3,500 for an individual and $7,000 for a family, and these contributions are 100% tax deductible from gross income. In addition, individuals over age 55 can make additional catch-up contributions each year of $1,000 until they are eligible to enroll in Medicare. 

What are the distribution requirements from an HSA?

Distributions are not taxable as long as they are used to pay for qualified medical expenses such as: 

  • Prescription drugs
  • Over-the-counter drugs
  • Doctor's office or hospital visits
  • Vision care
  • Dental work
  • Long-term care insurance premiums
  • COBRA premiums
  • Health insurance premiums during any period of unemployment 

Distributions not used for qualified medical expenses are taxable and if under the age of 65 are subject to a 10% penalty. Users are advised to consult with a tax adviser.