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Health Savings Accounts

As the cost of healthcare continues to increase, planning and saving for hospital and other health-related expenses is an important and necessary part of a smart money management plan.

The Savings Bank offers a Health Savings Account (HSA). Qualified customers may want to consider the benefits that these accounts offer:

  • Funds earn tax-exempt interest
  • Funds and interest can be used for qualified medical expenses, tax-free
  • Funds can be used to pay for expenses that apply toward the annual deductibles of qualified health plans

Minimum Opening Deposit: $100 
Interest Bearing: Yes, call 1-800-582-2265 for current rate information 
Monthly Fee: $2
Unlimited Check/Withdrawals: Yes 
Monthly Statements: Yes 
First Order of Checks: Free, $5.35 fee for all other orders
Debit Card: Visa® 
Free Online Banking*
Free Bill Pay

* No monthly service charge