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).
  
• Transfers from a Health Savings Account to another account or to third parties by preauthorized, automatic or telephone transfers are limited to six per monthly statement cycle with no more than three by check, draft or similar order to third parties.
  
• You may make unlimited withdrawals from your Health Savings account at a teller window.