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
*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.