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Health Savings Account

Health Savings Account

Set aside funds and save for future medical expenses. Contributions to your Health Savings Account (HSA) can be made by you, your employer or both!

Health Savings Account Benefits

✔No minimum deposit requirement

✔Earned interest

✔Tax-free savings for medical needs1

✔No minimum deposit requirement

✔No minimum contribution for opening2

✔Rollover funds from previous year

✔Free HSA debit card with contactless and chip technology

✔Your money is FDIC insured

✔Your money stays with you no matter where your job takes you

What You Need to Know

• Coverage under an HSA-qualified “high-deductible health plan”

• Cannot be used in conjunction with Medicare


• Contact your local banker for the current Annual Percentage Yield3

• Please provide your name, current residential address (P.O. boxes are only permitted for correspondence, not account opening), SSN or TIN, date of birth and a valid, government-issued ID at the time of account opening

• Enroll in eStatements to avoid a $2 paper statement fee

Interested in a Savings Account?

Complete the form below and a Peoples bank associate will reach out to you!

Peoples Bank: America's Best Banks 2023, Top Workplaces 2023 USA and American Banker 2023 Best Banks to Work For Awards, America's Best Regional Banks 2024 by Newsweek

¹Peoples Bank does not provide legal, tax or accounting advice. Consult your tax advisor about tax benefits applicable to Health Savings Accounts.

²A minimum balance fee of $2.00 will be imposed per month if the account falls below $200.00 on any given day of the month. A $500.00 minimum daily balance is required to begin earning interest.

3Rate may change after the account is opened.

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