Health Savings Accounts

A Health Savings Account provides eligible individuals who participate in a High Deductible Health Plan (HDHP) the opportunity to save for future medical expenses tax-free.

At One CU, the Health Savings Account is easy to use. It acts just like a checking account for your health expenses.  Better yet, it pays you a preferred dividend rate!

Tax Advantages of an HSA
There are three main advantages of an HSA:

  • All contributions are tax-deductible
  • The earnings on the account are tax-deferred
  • Distributions are tax-free if used to pay for qualified medical expenses
For more information and answers to common questions concerning an HSA, visit the U.S. Department of the Treasury

All branches will be closed on Monday, 1/20 in observance of Martin Luther King Jr. Day.

Deposit RatesAPY *Dividend RateMin. Balance
Health Savings Account (HSA) 0.40%0.40%0

*APY is annual percentage yield.  Rate is dividend rate. Rates effective 11/01/2019 and are subject to change without notice.  $25 minimum opening deposit on all checking accounts. Fees could reduce earnings on Rewards Checking account.

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