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Rates & Fees

           
Current Interest Rates and Annual Percentage Yield (APY)

Effective Date: February 19, 2013
 
Daily Balance
Rate
APY
$25,000 or more
0.84%
0.85%
$15,000 - $24,999.99
0.64%
0.65%
$10,000 - $14,999.99
0.44%
0.45%
$5,000 - $9,999.99
0.29%
0.30%
$2,500 - $4,999.99
0.14%
0.15%
Less than $2,500
0.09%
0.10%
 

We use the daily balance method to calculate the interest on your account. The daily balance method applies a daily periodic rate to the principal in the account each day. Interest is compounded monthly and credited monthly. Interest begins to accrue no later than the business day that we receive credit for the deposit of non-cash items (for example, checks). This interest rate is subject to change at our discretion at any time. Fees may reduce your earnings.

  

Current Account & Service Fees - Effective Date: September 1, 2011

Monthly account maintenance fee: $2.50
(Waived on daily HSA balances of $3,000 or more)

Note: Monthly account maintenance fee may vary or be paid by a third party.

Services Included in Monthly Account Maintenance Fee


Apply for an HSA - HSA Bank

*
 Initial debit card at account opening (up to 2)
*
 Debit card point-of-sale purchase with signature
*
 Unlimited check transactions
*
 Contribution processing
*
 Monthly e-statements
*
 Tax reporting (year-end status, 1099-SA and 5498-SA)
*
 Online account access
*
 Bankline (800-565-3512) balance, transactions inquiries, etc.
*
 Four-year renewal per debit card

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Description of Service Fees
Amount
How to Avoid Fee
Monthly Paper Account Statement
$0.75
Elect to receive free e-statements through Internet Banking.
Copy of Monthly Paper Account Statement
$4.00
View and print prior 18 months of statements through Internet Banking.
Monthly Investment*
$3.00
Waived if daily HSA balance is $5,000 or more.
ATM Withdrawal**
$2.00
Access funds through online transfers in Internet Banking.
Point-of-Sale Purchase with PIN
$2.00
Use your HSA debit card at the point of sale with your signature.
Copy of Debit Card Merchant Receipt
$25.00
Save your receipts when using your HSA debit card.
Termination of Debit Card Access
$12.00
You will only incur this fee if you request HSA Bank to terminate your card.
Check Order (50 checks)
$7.95
Use your HSA debit card or online transfers to access your funds.
Copy of Check
$4.00
Keep records of the checks written from your HSA.
Returned Deposited Check
$25.00
Verify funds are available to cover the amount you deposit into your HSA.
Stop Payment
$25.00
You will only incur this fee if you request HSA Bank to stop payment on a check or an electronic payment.
Non-Sufficient Funds (NSF) $30.00 Check your available account balance online before you withdraw funds.
Manual Withdrawal
$10.00
Use online transfers, through Internet Banking, to access your funds.
Excess Contribution
$25.00
Contribute no more than the annual IRS limits.
Wire Transfer (outgoing) $25.00 Use online transfers, through Internet Banking, to transfer HSA funds.
Replace Lost or Stolen Debit Card $12.00 Protect your debit card as you would cash and credit cards.
Copy of Tax Document $4.00 View or print copies of your tax documents through Internet Banking.
Corrected IRS Filing
$25.00
You will incur this fee if you request HSA Bank to correct the year or type of contribution that has been submitted.
Account Closing $25.00
If you lose your HDHP coverage, you can continue to use your HSA funds for eligible expenses.
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* Investment accounts are not FDIC insured and they are not bank guaranteed. Investment accounts are not a deposit account, or an obligation of HSA Bank, and they may lose value. They are not guaranteed by any federal government agency.
** The bank/ATM you use may charge you their own fee. HSA Bank customers using a Webster Bank ATM will not be charged an additional fee.