Health Savings Accounts

HSAs
Health savings accounts (HSAs) are designed to help you save for future qualified medical expenses on a tax-free basis. HSAs are individually-owned accounts to which you can make tax-deductible contributions, accumulate tax-deferred earnings, and take tax-free withdrawals whenever you need to pay for qualified medical expenses. HSAs are used by individuals who have a high deductible health plan (HDHP).
  • Interest bearing account (monthly average balance $1,000 and over)
  • No minimum balance requirement
  • First 50 checks FREE
  • Online account access 24/7 with FREE My McCoy
  • Any dividends earned are compounded and credited monthly
  • FREE Direct Deposit to HSA