Top HSA Rate at Pacific Community Credit Union - Easy Membership


Health Savings Accounts (HSA) often have rates higher than regular savings account rates. Yearly contributions into HSAs are limited by law so banks and credit unions don't have to worry about paying out too much interest. Also, HSA customers tend to be better long-term customers for the banks. Thus, banks are often willing to offer higher rates. As you can see in our HSA table, the best rates are actually from credit unions. If you select "nationally available" in the "Filter Accounts" button, you can see the all-access credit unions that offer HSAs. Thanks to a reader's email and this FW thread, I learned of another one with a good HSA deal. It's Pacific Community Credit Union, and its HSA has a 3.25% APY. This is listed in the credit union's rate sheet as of 1/31/2013.

One downside with this HSA is that there's a $3 monthly fee (see fee disclosure). The credit union has an HSA page, but most of the information is general.


We have been listing Pacific Community Credit Union HSA in our rate table since 2011, and it has maintained a 3.25% APY. One thing that's new is membership eligibility. They now make it easy for anyone to join with an online application provided by Andera. To access this application, click on the "Open an Account" link on right sidebar of any page at the credit union's website. In the second page of the application, select "Employer or Association Member" and select the last option "I would like to become a member of the Friends of the Fullerton Arboretum". When this is selected, it shows the following:

The Friends of the Fullerton Arboretum is a nonprofit corporation organized for the sole purpose of supporting the Fullerton Arboretum through membership dues, fund-raising events, and volunteers. We have made a contribution on your behalf which supports the Friends and invests in the future of our environment and the education of our children. Nothing is required of you as a result of your membership.

You can also be eligible to join if you live or work in Orange County, Riverside County or in some other parts of California.

The HSA isn't an option in the online application. FW members have reported that the HSA application has to be done by mail or at a branch.

Credit Union Overview

Pacific Community Credit Union branches are located in the Southern California cities of West Covina, La Habra and Irvine. The credit union is part of the CU Service Centers so members can visit any of the 5,000 Credit Union Service Centers in the shared branch network.

The credit union has an overall health score at of 5 stars (out of 5) with a Texas ratio of 0.73% (excellent) based on September 2012 data. Please refer to our financial overview of Pacific Community Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 60847).

Searching for the Best HSA Rates

If you're new to HSAs, please refer to our HSA overview.

You can search for the best rates in your state and the best rates that are nationally available by using our HSA rate comparison table.

HSASaverGuy   |     |   Comment #1
Unless you have a HUGE HSA amount, this is still a ripoff becuase of the $3/mo fee. I did the math, you should do the math too. I had a bit over $6000, and did a lot of research to find the best deal for HSAs. The best two I found were Alliant and Lake Michigan Credit Union. Unlike Pacific, both Alliant and Lake Michigan were completely Fee-Free (NO fees to keep an HSA, free debit card, free checks) -- just what I like. Though Lake Michigan had a slightly higher APY for balances over $5000 (it's a tiered rate at LM, a set rate at Alliant), in the end I chose Alliant, and am glad I did. The rate difference between the two is small, and while I don't have any bad words about Lake Michigan, Alliant was just SO EASY to do everything I needed to do. All their HSA forms they have right on their website for download (PDF), they have 24hr/7days customer telephone lines (wow!), could answer my questions about HSAs immediately. Not only that, when I actually opened up the account, the system even gave me the $5 required (to open a share account at the credit union) for free as a gift. At Lake Michigan, when I called with HSA questions, I had to be transferred to that department (if they were in), and sometimes couldn't get clear answers to questions when I asked, though again, it doesn't look like a bad deal.

In the end, ONLY if you have a HUGE amount in an HSA, then you might want to look at Pacific, but if not, DO THE MATH YOURSELF taking into account the $3/mo upkeep fee. It eats away all the difference! I'm so happy I opened an account at Alliant... I'm totally impressed with the way they do business -- enough to where I may even transfer my main checking account from a local credit union over to Alliant, I'm that impressed with them. Their rates are very fair (1.25%) -- even their normal share rates (.80%) are extremely good in today's market. Everything is easy with them, available on their website, 24hr US-based customer support that actually answeres questions anytime of day or night. A good operation. 

HSASaverGuy   |     |   Comment #2
As just a PS to my above post, both Lake Michigan and Alliant are open to anyone (you don't have to live locally). I actually would be eligible to join Pacific without joining their organization, and still opted for Alliant. Unless you have a huge amount, beware great "deals" with monthly fees. After all, one could always join Chase or Wells. They have nice monthly fees on their HSAs too...
Anonymous   |     |   Comment #3
Its sad BUT I think Obama care does away with HSA contributions as of Jan 1, 2014.
HSASaverGuy   |     |   Comment #4
The Affordable Care act does NOT do away with HSAs. It phases out a different (old) plan that was imilar to HSAs (forget what it was called) but the hSAs have long since replaced the older version. There is no change in HSAs with the Affordable Care Act. In fact, the IRS just upped the amount you can contribute each year as well (2012: $3100, 2013: $3250).

lou   |     |   Comment #5
HSASaverGuy, it is not clear if HSA's will survive next year under ACA. The problem is that the deductible and copayment maximum requirements for a HSA may not be compatible with the few cookie-cutter plans offered under Obamacare. So far, no one really knows.
Anonymous   |     |   Comment #6
Tried to get the HSA a few months ago and again today and was told that unless you live in CA you can't become a member. Is it just me?
lou   |     |   Comment #7
No, that doesn't sound right. Insurance companies in many states are still selling HSA-compatible plans. As long as you have such a plan, you should be able to open a HSA checking account. There may be a few states where these plans aren't being offered. For instance, in Ma. where they have  universal health insurance, HSA insurance plans may no longer be available.
Anonymous   |     |   Comment #8
Lou, I meant at PCCU. It appears that it is a local only deal due to their charter.
lou   |     |   Comment #9
Okay, I see what you mean.
Stu   |     |   Comment #10
It appears that they have been overwhelmed by all the publicity on the web and are now only accepting local applications.  They are chartered as a community credit union, not a national credit union.
Anonymous   |     |   Comment #11
It appears their rate dropped to 1% for HSA accounts.