Health Savings Account

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 when you have a high-deductible health plan (HDHP).  Contributions can be made by the account owner, HSA beneficiary, or by an employer. The account is opened by the insured individual.  

Visit a Branch to Open an HSA

Best for:

  • This account is used with a qualifying high-deductible health plan (HDHP).
  • Unused contributions remain in the account for future expenses and earn interest year after year.
  • After age 65, funds can be withdrawn for any purpose without penalty (subject to ordinary income taxes).

With a Health Savings Account, you'll get:

Person on the phone while checking childs temperature
  • Low Opening Balance
    Open an account with as little as $50
  • Monthly Service Charge
    $3 per month if balance requirements are not met.
  • Balance to Waive Monthly Service Charge
    $2,500 Minimum Daily Balance
  • Earn Interest
    HSA funds earn interest and earning are tax free1
  • Unlimited Withdrawals
    Unlimited debit card access
  • Access Anytime
    Free Online Banking and Mobile Banking and Banner Bank-By-Phone2

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

Find a Branch

View the Health Savings Account Product Guide for complete product details.

1

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.

2
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