Waldo State Bank HSA Accounts

HSA Accounts

  • A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). The funds contributed to an HSA account are not subject to federal income tax at the time of deposit.
  • A minimum deposit of $50.00 is required to open an HSA account. A minimum balance of $0.01 must be kept in the account each day to obtain the disclosed annual percentage yield.
  • Interest will be compounded and credited monthly. Interest rates and annual percentage yields can change at our discretion.
  • Interest begins to accrue on the business day you deposit noncash items (checks, for example).
  • Free account access with a debit card.
  • First 50 checks are free.
  • Contact Waldo State Bank for current rates.

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