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Business Health Savings Accounts

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.

 


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Health Savings Account
Ideal if you're looking for... A tax-free savings account for medical expenses when used with a High Deductible Health Plan
How is interest determined?
Variable Rate, Compounded Daily, Paid Monthly
Based on tiers:
$25,000 or more
$10,000-$24,999
$5,000-$9,999
$0-$4,999
What is the minimum balance to avoid fees?
$0 for the first year
$200 after the first year
Will I be charged a monthly maintenance fee if I fall below the minimum?
Yes.
$4 fee
Any other charges?

$1 per check over 5 checks per month
What is the minimum to open the account?
N/A
Are there any transaction limits?
No.
Unlimited transactions













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