Business Health Savings Accounts
A high yielding account designed to pay for qualified medical expenses of the participant and his/her family members. Any individual, regardless of age or compensation, is eligible to participate if they are covered under a High Deductible Health Plan. Contributions are tax deductible and qualified medical expense distributions are tax free. Its very attractive interest rate and annual percentage yield (APY) are variable and subject to change without notice. Interest is calculated daily, then compounded and credited to your account monthly.
|Available Balance||Interest Rate (In %)||Annual Percentage Yield (In %)|
Account Terms & Fees
|I.e., Imaged Statement Delivered Electronically||Free|
|Contribution Limits||determined annually by the Department of Treasury|
|Minimum Balance To Open||None|
|Annual Maintenance Fee||$25.00|
|On-Line Access Via ExecuBanc||Free|
Debit Card Withdrawals - Immediate access to your funds
|No Monthly Fee|
|Retrieve Transaction Detail||Free|
|Export to Quicken or Microsoft Money||Free|
Click here for... Other Related Fees Request A Health Savings Account Application Packet
Interest accrual begins on the first business day after the day we receive your deposit. Interest is calculated daily based on your available balance, then compounded and credited to your account monthly. No minimum balance is required. The Interest Rate is variable and subject to change without notice. Fees could reduce earnings.