Health Savings Account   

0.10% APY*

A minimum opening deposit of $50 is required to open a Health Savings Account.

Save for Qualified Health Care Expenses with an HSA

If you participate in an eligible High Deductible Health Plan (HDHP), Communication Federal Credit Union offers Health Savings Accounts, commonly referred to as HSAs.

A CFCU HSA allows you to contribute federally tax-deductible** funds up to the annual contribution limit, earn dividends and then withdraw the money tax free for qualified expenses such as doctor visits and prescription medication. HSAs earn the same dividend rate as our Regular Savings account.

   Low $3 Monthly Maintenance Fee (Waived with a CFCU Checking or Loan Account)

   $50 Minimum Opening Deposit (Waived with Electronic Deposit)

   Special HSA Checks and Free HSA Visa Debit Card

   Compatible with Most HDHPs

  Dividends Paid Monthly on Daily Balances Exceeding $750

If you’d like more information about CFCU’s Health Savings Accounts please visit your local CFCU branch or call 800.522.3535.

*APY = Annual Percentage Yield. Rates accurate as of 9/1/2020 and may change at any time without notice.
**For information on the tax ramifications of these accounts, please consult your tax advisor.