True to its name, an HSA is a savings account dedicated for healthcare expenses. That's a good idea on its own. But the best parts aren't obvious in the name: the earnings come with strong tax-saving benefits.

• Savings account to set aside funds for healthcare needs
• No minimum balance to open
• No monthly service fee
• Contributions are tax deductible
• Earnings are tax deferred
• Strong tax benefits (must be used for qualified medical expenses)
• Funds carry over year to year
• Debit card provided
• FDIC insured

See our current rates.

Transfers from a Savings account to another account or third parties by preauthorized, automatic, or telephone transfer are limited to six per monthly statement cycle with no transfers by check, draft, debit card, or similar order to third parties.

As of 2012, individuals can contribute $3,100 per year to their HSA; families may contribute $6,250 per year. If you are over the age of 55, an additional $1,000 catch-up contribution is allowed.

The total limit for self-only coverage customers age 55 and over is $4,100. The total limit for family coverage customers age 55 and over is $7,250.