What’s worse than being sick? Going broke to pay for treatment. Dividends above standard savings and tax advantages help you afford quality healthcare. Boost your budget even more with employer contributions — the savings in your account remain yours, wherever you’re employed.
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.
**Ask your employer or insurance company if your plan makes you eligible to open and make contributions to an HSA.
***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 However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subject to a 10% penalty.
|Account Type||Minimum Required Opening Deposit||Deposit/Balance Tiers||Prospective Dividend Rates||Prospective APY|
|Checking - Traditional (Not available on new accounts)||$10.00||—||0.01%||0.01%|
|Student Checking||$10.00||—||No Dividends||—|
|Health Savings Account||—||—||0.05%||0.05%|
|Savings IRA||$1.00||$0.00 - $2,000.00||0.03%||0.03%|
|$1.00||$2,001.00 - $20,000.00||0.04%||0.04%|
|$1.00||$20,001.00 - $80,000.00||0.05%||0.05%|
|$1.00||$80,001.00 & Up||0.06%||0.06%|
|Money Maker Account||$2,000.00||$0.00 - $2,000.00||0.01%||0.01%|
|$2,000.00||$2,001.00 - $20,000.00||0.03%||0.03%|
|$2,000.00||$20,001.00 - $80,000.00||0.04%||0.04%|
|$2,000.00||$80,000.00 & Up||0.05%||0.05%|
Effective Date: October 11, 2016
APY = Annual Percentage Yield