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Health Savings Account Congress developed the
concept of a Health Savings Accounts (HSA) to help with
the affordability of insurance costs… they’re tax
deductible and any interest earned is tax free. We’ve
done our part by creating an HSA that is affordable to
maintain.
In addition to offering a fair and competitively priced
product, your Oostburg State Bank HSA is held and serviced
locally. We can provide you with that same trust and
convenience that you value in your other Oostburg State
Bank accounts. No toll free numbers or out of state mail
to deal with, you can work with someone you know and
trust. To use your HSA funds, and help with your record
keeping, separate HSA checks and/or HSA check cards can be
issued.
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No Minimum Balance*
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No Monthly or Annual
Service Fee**
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Unlimited Transactions
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Free Check Card
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Tiered Variable Interest
Paid Monthly $1,000-$9,999
$10,000-$19,999
$20,000+
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Monthly Combined Statement
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FDIC Insured to $250,000***
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$50.00 opening deposit is required ** $20.00 account
opening fee, $10.00 account closing fee, interest will not
be paid for the duration of time the account balance is
below $1,000 ***
The standard insurance amount of $250,000 per depositor is
in effect through December 31, 2013. On January 1, 2014,
the standard insurance amount will return to $100,000 per
depositor for all account categories except IRAs and other
certain retirement accounts, which will remain at $250,000
per depositor.
Remember… HSAs and Medical Savings Accounts (MSAs) can be
maintained at the bank of your choosing. So if you
currently have an HSA or MSA elsewhere, we’d be happy to
arrange for it to be transferred to Oostburg State Bank…
just call or stop in.
Learn more about
Health Savings Accounts
Current Rates
Calculate future values, retirement income and more.
Learn more about
Identity Theft and Tips to avoid scams
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