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Savings

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

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.

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