Account Details
| Minimum Opening Deposit | $25.00 |
| Minimum Balance | $0.01 c |
| Interest Paid | Yes |
| Monthly Service Charge | $2.00 if below $500.00 |
Unique Tax Advantages
Open a Health Savings Account with us and unlock the power of tax-free savings for your medical expenses. With an HSA, you can prepare for both current and future healthcare needs while enjoying tax benefits that boost you financial well-being. Prepare for the unexpected with tax-deductible contributions, tax-free earnings, and tax-free withdrawals for qualified medical expenses. You must have an HSA-qualified insurance plan. Subject to current HSA limits, standard IRA reporting and other restrictions apply.
Savings With You in Mind
Take control of your healthcare expenses with our Health Savings Account. Designed to make medical costs more manageable, our HSA lets you set aside pre-tax dollars to pay for current or future healthcare needs.
No matter what stage of life you’re in, planning for healthcare expenses is essential and our HSA account is a versatile tool designed to meet your needs at any age. Whether you’re just starting out in your career, managing the health needs of a growing family, or preparing for retirement, an HSA provides a tax-advantaged way to save.
It's Yours For Life
Our Health Savings Account is truly yours for life, offering a dependable financial resource from your working years into retirement. There are no “use it or lose it” rules. The balance in your account carries over every year, ensuring that your savings accumulate and remain available when you need them. You can continue to use your HSA funds for qualified medical expenses, ensuring peace of mind that your health care needs are covered now and in the future.
Secure your health savings with us and take comfort in knowing it’s yours to keep.
Why Choose a Health Savings Account?
Convenience
Convenient HSA Debit Card-No Monthly service fee.
Save
Save money on many out-of-pocket medical expenses like doctor visits, vision, dental care, and prescriptions.
For Life
Your HSA belongs to you, so you can use the money in your account to pay qualified health care expenses throughout your life-including retirement.
No "Use-it-or-lose-it" Rules
Any unused balance carries over from one year to the next.
An HSA offers unique tax advantages that help you keep more of your hard-earned money. Visit with your tax advisor to see if a Health Savings Account from R Bank will complement your health and financial wellness needs.
