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Health Savings Account (HSA)

An HSA is a savings account used to deposit money to pay for deductibles, copayments, coinsurance, and other eligible medical expenses.

Helath Savings Account

What is a Health Savings Account?

A Health Savings Account is available to taxpayers who are enrolled in a high-deductible health plan. The funds you contribute to an HSA may not be subject to federal income tax at the time you deposit the funds. Funds roll over from year to year if they are not spent. HSAs are a great way to save for future health care expenses.

Benefits and Features

  • No minimum deposit required
  • No monthly service charges
  • Great way to pay for eligible medical expenses
  • No transaction fees
  • Earns dividends that are compounded and credited monthly
  • Paper or e-statements
  • Tax deductible contributions1


Minimum Balance Dividend Rate APY2
$0.00 - 2,499.99 0.25% 0.25%
$2,500 - 24,999.99 0.35% 0.35%
$25,000 - 99,999.99 0.45% 0.45%
$100,000.00+ 0.55% 0.55%

Request a Health Savings Account

To make a request for a Health Savings Account, please visit a CapEd location or contact us.


1 Consult your tax adviser regarding potential tax benefits.

2 APY is Annual Percentage Yield. Rates are accurate as of the last dividend declaration date. Rates may change after the account is opened. Fees or other conditions could reduce the earnings on the account.