Health Savings Account

Health savings accounts

Supplement a high-deductible insurance plan with a Health Savings Account

A Health Savings Account (HSA) is a tax advantage account that you can use to pay for current or future IRS-qualified medical expenses.

Best for:

  • Unused funds roll over and earn interest year after year.
  • After age 65, funds can be withdrawn for any purpose without penalty (subject to ordinary income taxes).
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Low Opening Balance

Open an account with as little as $50
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Monthly Service Charge

$3 if balance requirements are not met
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Balance to Waive Monthly Service Charge

$2500 Minimum Daily Balance
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Earn Interest

HSA funds earn interest and earnings are tax free
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Unlimited Withdrawals

Unlimited debit card access
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Access Anytime

Free Online Banking and Mobile Banking and Banner Bank-By-Phone

Ready to open an HSA account? Stop by any of our branches.

HSAs are taxable in California. For more details about HSAs, please refer to IRS publication 969 titled, "Health Savings Accounts and Other Tax-Favored Health Plans." For a complete list of IRS-qualified medical expenses, please refer to IRS publication 502 titled, "Medical and Dental Expenses." Banner Bank does not provide tax advice. Consult your tax professional for tax related questions.

 
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