Health Savings Accounts
A Health Savings Account (HSA) is an account for qualifying health and wellness expenses or medical emergencies. Alongside a high-deductible health insurance or other qualifying plan, an HSA gives you flexibility in handling your health-related expenses—and did we mention there are tax benefits?
Healthy Features:
Non-taxable interest earnings
Tax-deductible contributions
Tax-free withdrawals to pay for qualified medical expenses
Money dedicated for personal, spouse, and dependent medical expenses
Health Savings Accounts
| Tier | Rate/APY1 | MVP2 Rate/APY1 | Minimum Deposit to Earn APY1 |
|---|---|---|---|
| Tier 1: $0 – $4,999.99 | 0.20%/0.20% | 0.60%/0.60%3 | $0.00 |
| Tier 2: $5,000.00 – $9999.99 | 0.40%/0.40% | 0.75%/0.75%3 | $5,000.00 |
| Tier 3: $10,000.00 and above | 0.60%/0.60% | 1.00%/1.00%3 | $10,000.00 |