We're here to help you save. Whether saving for health expenses or putting money aside for a rainy day, First Independent Bank has your saving solutions.
Statement
|
Kids First
|
Investment
|
Health Savings
|
|
Minimum Opening Balance |
$100 |
12 years and under: $25 |
$5000 |
none |
Interest Rates |
Competitive interest rates |
Competitive interest rates |
Competitive interest rates |
Competitive rates |
Statements |
Quarterly |
Quarterly |
Quarterly |
Quarterly |
No Charge Telephone Banking |
X |
X |
X |
X |
No Fees |
X |
X |
X |
|
If you have a high deductible health plan (HDHP), you may be eligible for an HSA and these valuable tax benefits.
HSA contributions are:
HSA balances carry over each year and remain with you regardless of your employment status or health care coverage in the future. Use your HSA for qualified medical expenses, at any age. This generally includes most medical, dental and vision care expenses. Some health insurance premiums may also be considered eligible expenses.
Contribution limits are determined by the IRS and subject to change each year. Check with your health insurance provider and/or tax adviser for eligibility requirements and details.
How much may be contributed to an HSA in calendar year 2023?
For plans effective January 1, 2023
There is a $2.50 monthly charge or $30 billable annual fee (this option is used only when the employer is being billed for the fee).
Individual Coverage
Family Coverage
For more information on Health Savings Accounts and how they work, go to:
www.hsaresourcecenter.com or www.irs.gov
CHECKING/SAVINGS INTEREST RATES