HSA

A Health Savings Account (HSA) offers certain individuals tax advantages and greater flexibility in covering medical expenses.

Features

Our Health Savings Account’s include the following features:

A free debit card, which allows you to make health-related purchases.

Earn up to 2.00% APY**

Interest paid monthly

Eligibility

You could be eligible to open a HSA if you meet the following criteria:

Covered under a high-deductible health plan

Not covered by any other health plan

Not entitled to benefits under Medicare

Not a dependent on another person’s tax return

*$2.50 monthly service charge on all HSA accounts **Annual Percentage Yields (APY) are effective 11/1/2022 and subject to change. APY is tiered: balances of up to $2,499.99 earn .50% APY, $2,500 to $9,999.99 earn 1.25% APY, $10,000.00 and over earn 2.00% APY. No minimum opening deposit. Fees or other conditions could reduce the earnings on this account.

Save for future health expenses before your contributions have been taxed!

At Peoples Bank, we're not only dedicated to your financial well-being but also your overall health. A Health Savings Account (HSA) from Peoples Bank is a powerful tool for safeguarding your health and securing your financial future. Experience Healthy Hometown Banking at Peoples Bank!

Questions about an HSA or our other deposit accounts?
Call to speak with a Universal Banker!

812.842.BANK

Ready to open an HSA?

What to Bring With You

Please bring the following with you to your local branch to open a new account:

proof of Current Address

Social Security Card

Date of Birth

Government-Issued
Photo ID

If your address differs from that listed on your photo ID, please bring verification of current address. This includes any official document in which your name and current address are clearly printed (i.e. utility bill). P.O. Box address will not be accepted. Government-Issued ID refers to a Driver's License, Passport, or Permanent Resident Card.
*Annual Percentage Yield (APY) is accurate as of 9/20/2024 and subject to change. Balances of less than $30,000 do not earn interest. Fees or other conditions could reduce the earnings on the account. No minimum balance or opening deposit requirements. No monthly service charge if enrolled in e-statements. If not enrolled in e-statements, a monthly fee of $3.00. Overdraft fees incurred by account holder still apply. Fee of $50 if account is closed within 90 days of opening. **The national average rate referenced is from the FDIC’s published National Rates and Rate Caps for Savings deposit products, accurate as of 09/20/2024. See the National Rates and Rate Caps Resource Center at www.fdic.gov for more information.