Health Savings Account
Maximize your savings while enjoying tax advantages
Choose the perfect savings solution for your needs
We offer several account options to help you save for healthcare expenses and more
Personal Savings
A simple solution to build your savings for any purpose.
- $50 minimum opening balance
- Interest bearing
- Low balance to avoid fees
Health Savings Account
A tax-advantaged solution for healthcare expenses.
- No minimum opening balance required
- Competitive interest rates
- Up to 6 withdrawals with no fee
Certificate of Deposit (CD)
Enjoy higher returns on your savings at lower risk.
- Open with as little as $500
- Competitive interest rates
- Fixed-term options to reach your goals
Experience the Benefits of Our Health Savings Account
Our Health Savings Account helps you manage your healthcare expenses while offering tax advantages and many other benefits:
- No management fee or handling charges
- Separate your savings within the same account
- Unlimited free consultations through our Website and Mobile Banking
- Free account notifications
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Triple Tax Benefits with Health Savings Accounts
Health Savings Accounts (HSAs) offer unique triple tax advantages that can help you save for healthcare expenses while reducing your tax burden
Enjoy Extra Features with Your Health Savings Account
Experience these value-added services with your HSA
Enhanced Security
Receive text message or email alerts for transactions equal to or greater than $50,000 for withdrawals, deposits and $100,000 to $200,000 for purchases.
Free Transfers
Free transfers between accounts and savings pockets. Set up automatic savings from $5,000 monthly or fortnightly, available whenever you need it.
Notifications
Receive free notifications for all account activities, keeping you informed about your finances at all times.
Secure Chip Debit Card
Our chip debit cards allow you to perform all your transactions securely, providing enhanced protection for your purchases.
HSA Eligibility Requirements
Before opening a Health Savings Account, make sure you meet these requirements:
High-Deductible Health Plan
Must be enrolled in a qualifying high-deductible health plan (HDHP)
No Other Coverage
Cannot have other health coverage that is not an HDHP, with certain exceptions
Contribution Limits
Annual contribution limits apply ($3,850 for individuals and $7,750 for families in 2023, with catch-up contributions for those 55+)
Ready to open your Health Savings Account?
Start saving today and enjoy all the benefits we offer.
