Health Savings Account

Use Pre-tax, HSA Savings to Pay for Qualified Medical Expenses.

When you are enrolled in a high-deductible health insurance plan, you can use a health savings account to cover your share of the out-of-pocket expenses.

Tax Advantaged
Deposits to your health savings account are not subject to federal income tax. When you use the funds to pay qualified medical expenses, you can withdraw without tax liability or penalty.

Funds Never Expire
Unlike a flexible spending account you might use with an employer, the funds you contribute to your health savings account roll over each year and continue to grow.

Earn Tiered Interest
Based on your average daily balance, your balance earns a tiered annual percentage yield and interest rate. Interest is compounded monthly. Annual percentage yield and interest rates could change at any time. For current rates, contact First International Bank & Trust.

  • Tier 1

    Balances of $0 to $2,499.99
  • Tier 2
    Balances of $2,500 to $9,999.99
  • Tier 3
    Balances of $10,000 or more

Service Charges
There are no service charges for the first 12 months. Subsequent months will be assessed a $3 monthly service charge if the balance goes below $2,500 on any day of the statement cycle.

Safekeeping of Checks
Don’t worry about filing and storing the checks you use to pay medical expenses.

Additional Information

  • Complimentary First International Bank & Trust custom-design checks are available
  • Convenient Online Savings Account Access
  • Check safekeeping

Truth in Savings Disclosure