Health Savings Account Truth in Savings Disclosure

This disclosure contains information about terms, fees, and interest rates for Health Savings.

Account Opening

To open this account you must deposit at least $50.00 into the account. This is waived if regular, automatic (electronic) deposits are established at account opening.

Variable Rate Information

The interest rate for this account is based on an applicable balance tier. Current tiered interest rates and corresponding Annual Percentage Yields (APYs):

Interest Rate APY
$.01 – $999.99 0.01% 0.01%
$1,000.00 – $2,499.99 0.03% 0.03%
$2,500.00 – $4,999.99 0.05% 0.05%
$5,000.00 – $9,999.99 0.09% 0.09%
$10,000.00 and over 0.14% 0.14%


This information is accurate as of October 23rd, 2021. If you would like additional rate and yield information, please call us at 800-344-7048.

Your interest rate and annual percentage yield may change. We may change the interest rate on your account daily, at our discretion.

You must maintain the daily collected (available) balance for an individual tier to obtain that annual percentage yield. We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.

Interest will be compounded monthly and credited monthly. If you request to close your account prior to interest being credited, you will receive your accrued interest. Fees may reduce earnings.

Interest will begin to accrue no later than the business day we receive credit for non-cash items, i.e., checks you deposit to your account.

We reserve the right to require written notice, 7 days in advance, before we allow you to withdraw from your account.

All deposits to a Health Savings Account (HSA) will be accepted as “current year” contributions unless we are notified at the time of the deposit. There are no checks allowed with this account.

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

Service Charge Information

Set Up Fee: $50.00 or $30.00 if opened online
Mailed Paper Statements: $4.00 – waived if enrolled in eStatements
Returned Mail/Returned eStatement: $5.00
Debit Card: First card at no charge
Debit Card at point of purchase: FREE
Online Bill Pay: FREE
In Bank Withdrawal: $10.00

Additional Terms

IRS Corrections: $10.00
Excess Contributions: $20.00
External Transfer: $50.00
Account Closure within 6 Months of Account Opening: $30.00
If your account remains at a zero balance for 6 (six) months it will be closed.
Reopen Closed Account: $10.00 per time
Mailed Paper Statements: $4.00 – waived if enrolled in eStatements
Foreign Deposited Check: $5.00
Deposited items returned: $7.00 per returned check
Foreign Deposited Items Returned: $15.00 per returned check
Stop Payments: $35.00 per item
Overdrafts/NSFs: $33.00 per item
[Note: Overdrawing your HSA will cause the plan to be disqualified by the IRS.]
Additional Debit Cards or replacement cards: $10.00 each card
Abandoned account: $50.00, one-time fee
Negative Balance Closing: $25.00

Heritage Locations


  • Sioux City IA – Downtown – 505 5th Street, Suite 100 Sioux City, IA 51101
  • Sioux City IA – Morningside – 4530 Singing Hills Blvd Sioux City, IA 51106


  • Sioux Falls SD – 140 N Phillips Ave, Suite 101, Sioux Falls SD 57104


  • Pennock MN – 242 1st Street N PO Box 189 Pennock, MN 56279-0189
  • Raymond MN – 202 Cofield Street PO Box 235 Raymond, MN 56282
  • Spicer MN – 110 South Street W PO Box 658 Spicer, MN 56288-0658
  • Willmar MN – 310 1st Street SW PO Box 1124 Willmar, MN 56201-1124


Revised: 02/25/2019