Health Savings Accounts

Compare rates on health savings accounts from banks and credit unions. Use the filter box below to customize your results. Click here to read more about health savings accounts (HSAs), including benefits and tax implications.

ALERT: Due to the recent, emergency interest rate cuts by the Fed, we're detecting a high volume of deposit rate changes by banks and credit unions. If you're unable to find an account, it may be hidden temporarily while it is being reviewed for accuracy. Read more here.
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Nationwide Only
Evansville Teachers FCUHealth Savings Checking5 Reviews
2.01%
$500-$502
Connexus Credit UnionHealth Savings Account43 Reviews
2.00%*
$15k-$500
IncredibleBankIncredibleBank HSA1 Review
1.31%*
$25k-$328
1.00%
$1-$250
Lake Michigan Credit UnionHealth Savings Account (HSA)63 Reviews
1.00%*
$5k-$250
NASA FCUHealth Savings Services43 Reviews
1.00%*
$25k-$250
1.00%
--$250
0.75%*
$5k-$188
Technology Credit UnionHealth Savings Account9 Reviews
0.60%*
$2.5k-$150
Thrivent FCUHealth Savings Account2 Reviews
0.60%*
$15k-$150
Summit Credit Union (WI)Health Savings Account6 Reviews
0.50%*
$10k-$125
Pen Air FCUHealth Savings Account (HSA)18 Reviews
0.50%
--$125
AFFCUHealth Savings1 Review
0.45%*
$25k-$113
Capital Educators FCUHealth Savings Account4 Reviews
0.45%*
$25k-$113
Vision Financial FCUHealth Savings Account
0.45%
--$113
0.40%
$50-$100
Digital FCU (DCU)HSA Checking Account40 Reviews
0.35%*
$25k-$87.50
Prime Alliance BankHealth Savings Account3 Reviews
0.30%
--$75.00
0.30%*
$5k-$75.00
Affinity FCUHealth Savings Account9 Reviews
0.25%
--$62.50
Hughes FCUHealth Savings Account8 Reviews
0.25%
--$62.50
Newtown Savings BankHealth Savings Account
0.25%*
$15k-$62.50
Patelco Credit UnionHealth Savings Account19 Reviews
0.25%*
$3.5k-$62.50
St. Mary's BankHealth Savings Account4 Reviews
0.25%
$1k-$62.50
0.25%*
--$62.50
0.25%
--$62.50
Cadets FCUHSA Share Draft Checking
0.25%*
$2.5k-$62.50
Allegacy FCUHealth Savings Account (HSA)11 Reviews
0.20%*
$10k-$50.00
America's Credit Union Health Savings Account (HSA)21 Reviews
0.20%
--$50.00
Heritage BankHealth Savings Account7 Reviews
0.19%*
$10k-$47.50
First Internet BankHealth Savings Account22 Reviews
0.15%
--$37.50
0.15%
--$37.50
Grow Financial FCUHealth Savings Account16 Reviews
0.10%
--$25.00
RiverLand FCUHealth Savings Account1 Review
0.10%
--$25.00
Xceed Financial FCUHealth Savings Account16 Reviews
0.10%
--$25.00
American BankHealth Savings Account 3 Reviews
0.10%*
--$25.00
SunWestHealth Savings Checking Account
0.10%
$25-$25.00
0.10%
$1k-$25.00
0.10%
--$25.00
Blue FCUHSA Checking - Free15 Reviews
0.10%
$25-$25.00

Displaying 1-40 of 53 Results


Health Savings Accounts

A health savings account (HSA) gives eligible individuals and families the opportunity to make tax-deductible contributions to savings at compounding interest rates while also reserving them the ability to pay for qualifying medical costs tax-free. All health savings accounts come with IRS-enforced eligibility requirements that include being covered by a high deductible health care plan (HDHP), not being enrolled in Medicare, and not being claimed as a dependent on someone else’s tax return.

Benefits of a Health Savings Account

For individuals and families who are unable to obtain health insurance plans with low deductibles, an HSA could be a helpful way to cover the increased out-of-pocket expenses (potentially) created by higher deductibles. Opening a health savings account could be a great financial planning strategy, as well. Because high-deductible health care plans usually come with the lowest monthly premiums available, you could save a sizable amount in premium costs each month and add them to your HSA.

HSA Tax Implications

As far as the tax implications go, every contribution you make to a health savings account (HSA limits allow up to $3,275 for an individual and $6,550 for a family in 2014) may be deducted from adjusted gross income on your tax return. Any contributions withdrawn before the age of 65, and for non-qualifying reasons, are taxable and must be reported as income. Also, any contributions made to the account in excess of the maximum amounts noted above cannot be deducted and will be included to gross income. Earnings from interest that accumulate on the funds in a health savings account are taxed-deferred and thus not included in gross income (unless used for non-medical, and thus non-qualifying, purposes).

Employer Health Plans

Many employers offer several health care options to their employees as a part of benefit packages. Some offer a high deductible health plan and include an offer to pay into a separate health savings account owned by the individual employee. A lot of employers are reluctant to do this, however, as the employee is able to take all contributions with them if they were to leave the company. Instead, employers offering a high deductible health plan option will contribute some amount into a health reimbursement account, which enables them to hang on to any contributions not used by the employee at the time he or she leaves the company.




* The APY (Annual Percentage Yield) shown is based on the deposit amount selected. Expand the listing to see APYs for other deposit amounts.
† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.