Health Savings Accounts

A Health Savings Account (HSA) gives you a new way to save, manage, and pay for current and future healthcare costs. It is a powerful option that puts you in the driver's seat of your healthcare money. A HSA is a tax-advantaged interest-bearing checking account that is paired with a High Deductible Health Plan (HDHP). To be eligible to open a HSA, you must be enrolled in a HDHP, not covered by Medicare, not covered by another health care insurance plan, and not be a dependent on someone else's tax return.

Savings Features

  • Apply By Phone

    1-888-662-5001

  • Annual Interest Rate

    1.5%

  • Paperless Statements

    -

  • Transaction Fees

    -

  • Monthly Fee

    Yes

  • Deposit Insurance

    Yes

  • Account Opening Bonus

    No

  • Overdraft Protection

    -

  • Acount Type

    HSA

Savings FAQ

What is a savings account?

A savings account is a basic type of bank account that allows you to deposit money, keep it safe and withdraw funds. Savings accounts offered by most banks, credit unions, and other financial institutions are FDIC insured and typically pay interest on your deposits.

Is a savings account good long term savings goals?

Can you write checks on your savings account?

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Bank of Ann Arbor

Verified within the past day

The Bank of Ann Arbor is committed today to the same purpose for which it was founded in 1996. We remain locally owned and fiercely independent. Our growth is a reflection of what we strive to do each and every day: Help the businesses and families of Washtenaw County, and Plymouth, achieve their financial goals and help make all of the communities that we serve be a better place to live, work, and play.

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