Health Savings Account
Supplement a high-deductible insurance plan with a Health Savings Account
A Health Savings Account (HSA) is a tax advantage account that you can use to pay for current or future IRS-qualified medical expenses.
- Unused funds roll over and earn interest year after year.
- After age 65, funds can be withdrawn for any purpose without penalty (subject to ordinary income taxes).
Low Opening Balance
Open an account with as little as $50
Monthly Service Charge
$3 if balance requirements are not met
Balance to Waive Monthly Service Charge
$2500 Minimum Daily Balance
HSA funds earn interest and earnings are tax free♦
Unlimited debit card access
Free Online Banking and Mobile Banking and Banner Bank-By-Phone‡
HSAs are taxable in California. For more details about HSAs, please refer to IRS publication 969 titled, "Health Savings Accounts and Other Tax-Favored Health Plans." For a complete list of IRS-qualified medical expenses, please refer to IRS publication 502 titled, "Medical and Dental Expenses." Banner Bank does not provide tax advice. Consult your tax professional for tax related questions.
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