Health Savings Accounts
Eagle Community Bank is proud to offer the highest quality banking relationship in the industry. With that in mind, we are pleased to offer a savings account to assist you with your medical related expenses. Eagle Community Bank has happily offered Health Savings Accounts, or HSA’s, for many years.
Eagle Community Bank Health Savings Account*
- Minimum Opening Deposit Amount Required: $100.00
- Below minimum balance service charge of $3.00 will be assessed if $1000.00 Average Daily Balance is not maintained. This will appear on your statement as “Below min balance s/c”
- Free Online Banking
- Free Debit Card transactions
- Allowed six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone agreement, order or instruction or by check, draft, debit card (including POS transactions)
- Transfers and withdrawals made in person, by messenger, by mail or at a qualifying ATM are unlimited
For more information on Health Savings Accounts Click Here.
Health Savings Accounts, which were created by the Medicare bill in 2003, are tax-sheltered savings accounts that are specifically designed for paying medical expenses. These accounts work together with high deductible health care plans to pay health related costs until the insurance deductible is met. Additionally, having an HSA allows you to withdraw funds at any time to pay qualified medical bills for yourself, your spouse, or any of your dependents using pre-tax dollars.
If you have any further questions regarding HSA’s, please contact a Retail Banking Officer at: (763) 494-9800.
* Variable interest rate is subject to change at any time at Eagle Community Bank’s discretion. No ATM withdrawals allowed.