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Health Savings Account

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Health Savings Account

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:

  1. All contributions are tax-deductible
  2. The earnings on the account are tax-deferred
  3. 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

Open a Health Savings Account

HSA Rates

APY* dividend
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 Initial deposit match for Youth Account is available for a limited time only and may be withdrawn without notice.

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