Health Savings Accounts
An HSA is a tax-advantaged account designed for individuals with a high-deductible health plan. Contributions are tax-deductible, earnings grow tax-free, and withdrawals for qualified medical expenses are tax-free — a triple benefit that adds up over time.
Health Savings Account
Use it for doctor visits, prescriptions, dental, vision, and more. Funds roll over year to year — you never lose what you save.
Open This Account- $100 Opening Deposit
- No Minimum Balance Requirement
- Interest-Bearing with Competitive Rates
- Unlimited Deposits and Withdrawals
- Free Debit Card
- Online & Mobile Banking Access
- eStatements Required
- Must Be Enrolled in a High-Deductible Health Plan
Disclaimer
HSAs are available only to individuals enrolled in a qualifying high-deductible health plan (HDHP). Contribution limits are set annually by the IRS. Withdrawals for non-qualified expenses may be subject to income tax and a 20% penalty. Peoples Bank does not provide tax advice — consult a qualified tax advisor regarding your specific situation. Products and rates subject to change. Call or visit a local branch for current rates.