Health Savings Accounts (HSAs)
Health Savings Accounts, or HSAs, were created to combat rising medical costs. HSAs can provide significant tax benefits to eligible individuals. Contact Teena Harris @ customer-service@nwgb.com.
- Interest is compounded and credited on a monthly basis. The current interest rate is 1.30% with an annual percentage yield of 1.31%, accurate as of August 1, 2011. Rate may change after account is opened.
- All accounts receive a free debit card.
- All accounts receive free Online Banking.
- Checks are available at a minimal fee of $8.25 per order.
- One time set up fee of $25.
- Balances are paid 40% of the variable prime rate as published by the Wall Street Journal.
- Unlimited withdrawals are allowed each month for qualified medical expenses.
- There is a no fee if you wish to close your account.
- Monthly service charge of $2.25 waived if you accept electronic statements or have a balance of $3000 or higher. Note - Fees could reduce earnings
- Only $50 required to open an account.
For more information, click your state's link below.
For more information visit www.irs.gov
