By establishing a Health Savings Accounts program (in conjunction with a high-deductible health plan) in your company, you're allowing your employees to take healthcare back into their own hands and make decisions that are right for them personally. Health Savings Accounts offer a tax-free way to pay for most medical expenses - from doctor visits to prescriptions to eyeglasses. These federally regulated accounts can save you lots of money but require strict compliance with certain rules. Minster Bank makes setting up and using your HSA painless.
| Ideal if you're looking for... |
A tax-free savings account for medical expenses when used
|
| How is interest determined? |
Variable Rate, Compounded Daily, Paid Monthly |
| What is the minimum balance to avoid fees? |
$0 the first year |
| Will I be charged a monthly maintenance fee if I fall below the minimum? | Yes. $4 fee |
| Any other charges? | If you write over 5 checks per month, then $1 per check |
| What is the minimum to open the account? | $25 |
| Are there any transaction limits? | No. Unlimited transactions |
For questions or to open your Minster Bank HSA, stop by any branch location or call 866-MINSTER.
