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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

FeaturesDetails
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

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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!


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*Account subject to deposit account approval.

 

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