Health Savings Accounts (HSA)

Health Savings Account

View Our Health Savings Account Rates

Health Savings
Opening Balance $1
Minimum Balance  
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Important Disclosures

A Health Savings Account is a special savings plan authorized by the federal government for consumers who qualify to pay so called first dollar medical expenses (i.e. the annual deductible on your health insurance plan). To be eligible for a Health Savings Account, you must be covered under a high deductible health plan (HDHP) and have no other health coverage except permitted coverage.

All initial accounts must be opened in person by the primary account holder. Proper identification is required to open any account. We use the daily balance method to calculate the interest. This method applies a daily periodic rate to the principle in the account each day. Interest begins to accrue on the business day you deposit and will be paid to the date of withdrawal. Current rates will be posted in our lobby or can be obtained by calling 217-347-7173. Your interest rate and APY may change at our discretion.