Health Savings Account - Bank Midwest

Personal SAVINGS

Buy a high-deductible policy and deposit money in a Health Savings Account (HSA) to use for qualified medical expenses.

Gain more control over your healthcare dollars.

Talk to us about starting a Health Savings Account

Here's what you need to know about

Health Savings Accounts (or HSAs)

Minimum Opening Deposit
$0
Minimum Balance
$0
Monthly Fees
$1.25

Eligibility

Anyone enrolled in a HSA-qualified health plan is eligible to open a Health Savings Account.

Every standard HSA offers the following benefits:

Earns interest
Features tax-deductible contributions
Offers convenient tax-free withdrawals by check or debit card for qualified medical expenses
Balances carry over year to year without “use it or lose it” requirements
Allows you to keep your contributions if you change jobs or retire
Is eligible for anyone under age 65 who is enrolled in a HSA-qualified plan

Our HSA also offers interest

RATE
0.50%
APY*
0.50%
$0–9,999.99
RATE
0.75%
APY*
0.75%
$10,000–19,999.99
RATE
1.00%
APY*
1.00%
$20,000+

*Annual Percentage Yields (APYs) effective as of April 10, 2024, and subject to change without notice. Contribution limits and restrictions apply. Fees may reduce earnings. Consult a tax advisor to discuss your financial situation.