Health Savings Account

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Heritage Bank's Health Savings Account (HSA) is an interest bearing account designed to help eligible individuals save for current and future qualified medical expenses and is used in conjunction with a High Deductible Health Plan from your insurance provider.

HSA Features

  • Earn interest on the full balance of your HSA with tiered interest
  • Free debit card; no checks with account
  • Make tax-free distributions from your HSA for qualified medical expenses using: 
    • Debit card at merchants and service providers—FREE
    • Debit card to get cash at an ATM
    • ePay online bill pay—FREE
    • In bank withdrawal—$5.00 each  
  • Online Banking access
  • $2/month service charge to receive paper statement; waived if paperless eStatements are selected

Additional Features and Requirements

  • $50 minimum deposit to open account, waived if regular ACH deposits established at account opening
  • $25 setup fee; to be paid at the time HSA is established, may be deferred for up to 30 days 
  • Variable interest rate paid monthly 
  • $30 fee if account is closed within 6 months of opening
  • IRS corrections: $10
  • Excess contributions: $20
  • Overdrafts & NSF: $30 per item*

* Overdrawing your HSA will cause the plan to be disqualified by the IRS.

eCentive Account - Earn high interest and monthly refunds on your ATM fees whenever you meet the three easy qualifications!

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