Health Savings Account

Set Aside Money For Future Medical Expenses

We all know healthcare is expensive. Croghan can help you save for future health and medical costs while keeping your financial goals in mind. A Health Savings Account (HSA)* keeps your funds safe and tax-free until you need it. Plus, your remaining balance will roll over, meaning you can save more for future expenses. Croghan will take care of you and your savings. Contact us or visit your local Croghan Colonial Bank office to get started. 

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HSAs Offer Tax-free deposits Competitive interest rates on the entire balance Reduces out-of-pocket high-deductible health plan expenses Unused balances roll over

Features	Details
Customer Eligibility	Covered by a High Deductible Health Plan (HDHP) Not Enrolled in Medicare No Other Health Insurance Cannot be Claimed as a Dependent on Another’s Tax Return
Minimum Opening Deposit	$50.00
Monthly Service Charge	$1.50
How to Avoid the Monthly Service Charge	Maintain a Minimum Daily Balance of $1,000.00
Interest Paid	Yes; Tiered
Annual Contribution Limits	Depends according to plan - Individual or Family Plan Additional Allowance of $1,000.00 if Age 55 or Older
Additional Benefits	Debit Card Direct Deposit First Box of Checks Free Online Banking Mobile Banking Telephone Banking

HOW TO OPEN YOUR ACCOUNT Ready to set money aside for future medical expenses? Give us a call, complete a contact us form, or visit your local Croghan Colonial Bank office to get started! Give Us a CallComplete Form Find an Office

_{*Account subject to deposit account approval.}