Health Savings Account Fee and Interest Schedule

Minimum Account Balance and How We Determine the Interest Rate

There is no minimum account balance required to open a Health Savings Account or to obtain the annual percentage yield disclosed. We use the daily balance method to calculate the interest on your account. The daily balance method applies a daily periodic rate to the principal in the account each day. Interest is compounded monthly and credited monthly. Interest begins to accrue no later than the business day that we receive credit for the deposit of non-cash items (for example, checks). The interest rate and annual percentage yield (APY) is based on the balance in your account. If you close your account, interest that has accrued but has not yet posted will not be paid. The interest rate and annual percentage yield available on your account is as follows, effective as of August 1, 2016.

Daily Balance Rate APY
$25,000 or more 0.45% 0.45%
$15,000 - $24,999.99 0.35% 0.35%
$10,000 - $14,999.99 0.25% 0.25%
$5,000 - $9,999.99 0.15% 0.15%
$2,500 - $4,999.99 0.10% 0.10%
Less than $2,500 0.05% 0.05%

This interest rate is subject to change at our discretion at any time.
Fees may reduce your earnings.

Current Service Fees

Effective Date: September 1, 2011

Monthly bank account fee: Please contact your Benefit Administrator

Services Included in Monthly Account Maintenance Fee

  • Unlimited check transactions
  • Contribution processing
  • Monthly e-statements
  • Tax reporting (year-end status, 1099-SA and 5498-SA)
  • Online account access
  • Bankline (800-565-3512) balance, transactions inquiries, etc.
Description of Service FeeAmountHow to Avoid Fee
Benefits Card N/A Contact your third party relationship for information on your benefits card.
Monthly Paper Account Statement $0.75 Elect to receive free e-statements through Internet Banking.
Copy of Monthly Paper Account Statement $4.00 View and print prior 18 months of statements through Internet Banking.
Check Order (50 checks) $7.95 Use your HSA debit card or online transfers to access your funds.
Copy of Check $4.00 Keep records of the checks written from your HSA.
Returned Deposited Check $25.00 Verify funds are available to cover the amount you deposit into your HSA.
Stop Payment $25.00 You will only incur this fee if you request HSA Bank to stop payment on a check or an electronic payment.
Non-Sufficient Funds (NSF) $30.00 Check your available account balance online before you withdraw funds.
Manual Withdrawal $10.00 Use online transfers, through Internet Banking, to access your funds.
Excess Contribution $25.00 Contribute no more than the annual IRS limits.
Wire Transfer (outgoing) $25.00 Use online transfers, through Internet Banking, to transfer HSA funds.
Copy of Tax Document $4.00 View or print copies of your tax documents through Internet Banking.
Corrected IRS Filing $25.00 You will incur this fee if you request HSA Bank to correct the year or type of contribution that has been submitted.
Account Closing $25.00 If you lose your HDHP coverage, you can continue to use your HSA funds for eligible expenses.

** The bank/ATM you use may charge you their own fee. HSA Bank customers using a Webster Bank ATM will not be charged an additional fee.


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