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

Deposit RatesAPY *Dividend RateMin. Balance
Health Savings Account (HSA) 0.20%0.20%0

*APY is annual percentage yield.  Rate is dividend rate. Rates effective 06/01/2020 and are subject to change without notice.  $5 minimum opening deposit on Youth Accounts. $25 minimum opening deposit on all checking accounts. Fees could reduce earnings on Rewards Checking account. Initial deposit match for Youth Account is available for a limited time only and may be withdrawn without notice.

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