Health Savings Account

• To be eligible for a Health Savings Account, you must generally: (1) be covered under a high-deductible health plan (HDHP); (2) not be covered by any other health plan that is not a HDHP; (3) not be entitled to benefits under Medicare (generally, have not reached age 65); and (4) not be claimed as a dependent on another person’s tax return.
• You must deposit $50.00 to open this account.
• Interest will be credited to your account every month.
• If you close your account before interest is credited, you will not receive the accrued interest.
• Interest will be compounded daily. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
• Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
• You may make no more than six preauthorized withdrawals, automatic or telephone transfers, checks, drafts, and debit card or other similar transactions from your account per month or statement cycle. 
• You may make unlimited withdrawals from your Health Savings account at a teller window.