Health Savings Account Directory of Banks that Provide HSAs

Review this Health Savings Account directory for a list of banks that provide HSAs.

A Health Savings Account (HSA) is a tax-deductible medical savings account that is available to individuals who are enrolled in a High-Deductible Health Plan (HDHP).

HSAs allow you to deduct contributions from your income taxes, pay for qualified medical expenses tax free, and accumulate unused funds for medical expenses in the future.

The funds that you contribute to your Health Savings Account are not subject to federal income tax (or state income tax in most states) at the time of deposit.

Your HSA funds can then be used to pay for qualified medical expenses without federal tax liabilities or penalties.

Health Savings Accounts are a great way to save money on health care expenses and taxes for qualified individuals.

This directory of Health Savings Accounts provides basic information on interest rates and maintenance fees for HSAs from various national and local banks.

Health Savings Account Directory


Alliant Credit Union

Alliant Credit Union Health Savings Account

Interest Rates: 2.00% APY with an average daily balance of $100 or more.

Maintenance Fees: No fees for account opening, maintenance, or transactions with no initial deposit or minimum balance requirements.


American Chartered Bank

American Chartered Bank Health Savings Account

Interest Rates: There are tiered interest rates (as of 8/23/2011):

$0.01 – $999.99 = 0.05%
$1,000 – $4,999.99 = 0.10%
$5,000 – $9,999.99 = 0.25%
$10,000 and above = 0.50%

Maintenance Fees: No monthly fees. The investment account carries a $3.50 monthly fee.


Anchor Bank

Anchor Bank Health Savings Account

Interest Rates: Earn interest on balances.

Maintenance Fees: There is a $15 set-up fee, which is waived if primary active checking is opened with direct deposit to HSA account.


Bank of America

Bank of America Health Savings Account

Interest Rates: 1.01% (as of 8/23/2011)

Maintenance Fees: $4.50 monthly maintenance fee.


BB&T

BB&T Health Savings Account

Interest Rates: Earn interest on balances.

Maintenance Fees: Monthly maintenance fee of $3.


Chase Bank

Chase Health Savings Account

Interest Rates: .40% APY (as of 8/23/2011)

Maintenance Fees: The monthly account maintenance fee is $2.50 for the Chase HSA Cash Account. For the Chase HSA Investment Account, there is an additional $2.50 monthly maintenance fee.


Comerica Bank

Comerica Bank Health Savings Account


Connexus Credit Union

Connexus Credit Union Health Savings Account

Interest Rates: Earn interest on balances.

Maintenance Fees: No annual fees.


Delta Trust & Bank

Delta Trust & Bank Health Savings Account

Interest Rates: There are tiered interest rates (as of 8/23/2011):

Less than $3,000 = 0.75%
$3,001 -$9,999 = 1.26%
$10,000+ = 1.92%

Maintenance Fees: If the account is not in overdraft, there are no service charges associated with this account.


Fidelity Bank

Fidelity Bank Health Savings Account


First American Bank

First American Bank Health Savings Account

Interest Rates: There are tiered interest rates (as of 8/23/2011):

$0.01 – $999.99 = .05%
$1,000 – $4,999.99 = .15%
$5,000 – $49,999.99 = .25%
$50,000 – $99,999.99 = .35%
$100,000 – $999,999.99 = .50%

Maintenance Fees: There is no monthly fee.


Harris Bank

Harris Bank Health Savings Account

Interest Rates: Variable interest rate and APY. Higher interest earned at $2,500, $5,000 and $10,000.

Maintenance Fees: $3 per month, waived for the first 6 statement cycles, and waived if collected balance is $300 or more.


HSA Bank

HSA Bank Health Savings Account

Interest Rates: There are tiered interest rates (as of 8/23/2011):

$15,000 or Greater = 1.35%
$5,000 – $14,999.99 = .80%
$2,500 – $4,999.99 = .40%
$500 – $2,499.99 = .10%
Below $500 = .10%

Maintenance Fees: There is a monthly bank account fee of $2.25, which is waived on balances of $3,000 or more for the entire month.


KeyBank

KeyBank Health Savings Account

Interest Rates: Earn interest on balances.

Maintenance Fees: The account set-up fee is $25. There is an annual fee of $10. The monthly maintenance fee is: $5 without Direct Deposit and a balance less than $500; $2.50 with Direct Deposit and a balance less than $500; waived for balances $500 and over. These fees are waived with a KeyBank relationship.


Lake Michigan Credit Union

LMCU Health Savings Account

Interest Rates: There are tiered interest rates (as of 8/26/2011):

$1 – $999 = 1.700% APY
$1,000 – $4,999 = 1.950% APY
$5,000 – $14,999 = 2.200% APY
$15,000+ = 2.300% APY

Maintenance Fees: No opening, maintenance or transaction fees. No minimum balance requirements.


M&I Bank

M&I Bank Health Savings Account

Interest Rates: There are tiered interest rates (as of 8/23/2011):

$0 – $9,999 = .25%
$10,000 – $24,999 = .50%
$25,000 – $49,999 = 1.00%
$50,000 – $99,999 = 1.00%
$100,000 or more = 1.00%

Maintenance Fees: $5 monthly fee. You can avoid the monthly maintenance fee with a monthly contribution, $500 minimum daily balance, or $2,500 minimum daily balance in related M&I savings, money market, or CD accounts.


Merrill Lynch

Merrill Lynch Health Savings Account


Optum Health Bank

Optum Health Bank Health Savings Account

Interest Rates: Earn interest on balances.

Maintenance Fees: $1 if your average balance is less than $500 for Health eAccess account.


Patelco Credit Union

Patelco Credit Union Health Savings Account

Interest Rates: There are tiered interest rates (as of 8/23/2011):

$0.00 = .1%
$2,000.01 = .3%
$3,500.01 = .75%

Maintenance Fees: There is a $2 monthly fee for a Patelco HSA. This fee is waived if you are a Commitment Household Member.


Principal Bank

Principal Bank Health Savings Account

Interest Rates: Earn interest on balances.

Maintenance Fees: If an average daily balance of $3,000 or more for the statement cycle is maintained, the monthly maintenance fee is waived.


Stanford Federal Credit Union

Stanford Federal Credit Union Health Savings Account

Interest Rates: 1.510% APY for Health Savings Account and 2.529% APY for Premier Health Savings Account (as of 8/24/2011). A Stanford FCU checking account with a recurring direct deposit of $500 or more qualifies you for the Premier Health Savings Account.

Maintenance Fees: There is no monthly fee and no minimum balance requirement.


State Farm Bank

State Farm Bank Health Savings Account

Interest Rates: Earn interest on balances.

Maintenance Fees: Annual fee of $25 is waived the first year.


The Bancorp Bank

The Bancorp Bank Health Savings Account

Interest Rates: There are tiered interest rates (as of 8/23/2011):

$0 to $499 = 0.10%
$500 to $999 = 0.20%
$1,000 to $2,999 = 0.30%
$3,000 to $4,999 = 0.60%
$5,000 to $9,999 = 0.70%
$10,000 to $14,999 = 0.85%
$15,000 and above = 1.16%

Maintenance Fees: The monthly account fee is $2.50. It will be waived for the first 3 statement cycles after account opening. It also will be waived any statement cycle in which the account maintains a balance of (a) over $1,500, if an electronic deposit is credited to the account that statement cycle, or (b) over $2,500, if no electronic deposit is credited to the account that statement cycle.


US Bank

US Bank Health Savings Account

Interest Rates: Earn interest on balances.

Maintenance Fees: Monthly maintenance fee of $2.50, which is waived with a $2,500 average monthly collected balance.


Wells Fargo

Wells Fargo Health Savings Account

Interest Rates: Earn interest on balances.

Maintenance Fees: There is a monthly service fee of $4.25. The monthly service fee will be waived if the combined deposit and investment balance in your HSA on the last day of the month is greater than or equal to $5,000.


Take advantage of these health savings accounts to maximize your health care spending and tax savings.

Review these additional Investment Account Offers for cash investing promotions.

Consider a Health Savings Account from popular banks for savings on medical expenses.

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