Health Savings Accounts (HSA) are a great tool to help you save for future medical expenses and First National Bank is a great place for your HSA!  We're separate from your employer and insurance company, so you can change jobs or insurance plans without changing your HSA.  This keeps things simple for you and gives you great flexibility for your future!

There are certain advantages to saving money in an HSA account, including favorable tax savings, earned interest, and possible savings on insurance premiums. In addition, you control the funds, they provide long-term savings, and they’re portable which means the account stays with you as you move through life’s changes.

Who Can Have an HSA?

You can open and contribute to an HSA if you:

  • Are covered under a qualified HDHP (High Deductible Health Plan)
  • Are not covered by another health plan that is NOT an HDHP (certain exceptions apply)
  • Are not enrolled in Medicare (any part)
  • Are not eligible to be claimed as a dependent on another individual’s federal income tax return

Any HSA funds used for anything other than "qualified medical expenses" are taxable as income and subject to an additional 20% tax penalty.

Download our printable HSA brochure

HSA Frequently Asked Questions


HSA Account Rates 

APY & Interest Rates Effective December 1, 2018

Scroll left and right to view full table

Type

APY*

Interest Rate

Employee Sponsored HSAs^



Employer Sponsored HSA <$500.99**

0.15 %

0.15 %

Employer Sponsored HSA $501.00-1,000.99**

0.30 %

0.30 %

Employer Sponsored HSA $1,001.00-$2,500.99**

0.50 %

0.50 %

Employer Sponsored HSA $2,501.00-$14,999.99**

1.00 %

1.00 %

Employer Sponsored HSA $15,000.00 and Above**

1.20 %

1.20 %




Individual HSAs^



Individual HSA <$500.99**

0.15 %

0.15 %

Individual HSA $501.00-$1,000.99**

0.30 %

0.30 %

Individual HSA $1,001.00-$2,500.99**

0.50 %

0.50 %

Individual HSA $2,501.00-$14,999.99**

1.00 %

1.00 %

Individual HSA $15,000.00 and Above**

1.20 %

1.20 %

*APY - Annual Percentage Yield
**Variable Rate Account - The rate may change after the account is opened. Fees may reduce earnings.
^ Service Charges are waived each month if a direct deposit is made to the account. Sales tax will be charged on the total Service Charge.

Transferring funds from a HSA account to an outside investment will result in a $50.00 fee.

Duplicate checks - First order free.

Monthly statements.