Health Savings Account

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Health Savings Account

Save for the Unexpected
For those that already have coverage under an HSA qualified “high deductible health plan”, this savings account assists with medical expenses.

What do I get?

Earned interest
Tax-free savings for medical needs¹
Free HSA debit card, with Contactless and Chip Technology for added security
Rollover funds from previous year
FDIC Insured
Account security - your money stays with you, no matter where your job takes you

What is required?

Coverage under an HSA qualified “high-deductible health plan”
Cannot be used in conjunction with Medicare
No minimum deposit requirement
No minimum contribution for opening²
Enroll in eStatements and you’ll avoid a $2.00 paper statement fee.

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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.