Personal Banking
Checking Accounts
Health Savings Account Checking
An HSA is a tax exempt trust or custodial account established for the purpose of paying medical expenses in conjunction with a high-deductible health care plan.
This Account is an interest bearing checking account. The interest rate and annual percentage yield will depend upon the daily balance in the account. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.
Balance Information:
We use the average daily balance method to calculate interest on the account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in that period.
Account Fees:
There is no monthly service charge. The customer must pay for checks if used on the account.
