Savings Accounts | Health Savings Account
Health Savings Accounts allow you (or anyone, including your employer) to put aside funds (up to annual limits set by the IRS) to pay your future healthcare expenses and to take a tax deduction for these contributions. When you, your spouse or covered dependent(s) have a qualified medical expense, simply use the funds in your account to cover such things as medical, dental and vision care.
Read our helpful FAQs for answers to many questions regarding HSA's.
All the account features you expect!
- No minimum balance required to open
- Competitive interest rates
- No annual or monthly fee
- Free HSA debit MasterCard®
- Monthly statements
- Free online banking, bill pay and mobile banking
Plenty of benefits for the cost conscious!
As long as you follow the IRS's rules1, an HSA is such a great way to manage healthcare costs with benefits like:
- Tax-deductible contributions
- Tax-deferred earnings
- Tax-free distributions
- Quick easy access to funds
- Belongs to you, even if you change jobs
- Balance always carries forward, so great source of additional retirement income
Check savings interest rates
Open an account.
Visit your local branch to open an account today!
For your business.
If you're thinking about offering HSAs for your employees, call HSA Product Coordinator Carla Abate at 203-575-6975.
1There's a lot to know about qualifying for and effectively managing your account. Please see our HSA FAQs for details and then consult www.irs.gov for additional information. Liberty Bank does not provide tax, legal or investment advice. If you have any questions on these matters, please contact a qualified accountant, attorney or investment advisor.