Current Rates

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• HSAs

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HSAs

Tax-Deductible. Tax-free. Smart.

With the rising costs of insurance, many of today's families find themselves underinsured, or even uninsured. A Health Savings Account (HSA) is one way to prepare for what life sends your way. It's a tax-exempt account you can open for the express purpose of paying or reimbursing you for medical expenses.

Deposits go into an account you control. You decide how much to contribute and you decide whether or not to use it for current expenses or save it for the future. Best of all it's tax exempt and tax free as long as you use it for qualified medical expenses. And, like other FVSB savings accounts you have access to you account via debit cards, checks and online account management.

Current Rates on HSAs

Deposits of $50 to $2,499 – 2.23% Rate – 2.25% APY Deposits of $2,500 to $9,999 – 2.47% Rate – 2.50% APY Deposits of $10,000 to $24,999 – 2.72% Rate – 2.75% APY Deposits of $25,000 and over – 2.96% Rate - 3.00%
APY Current rates effective 2-1-2006. Rates are subject to change.

HSA Fees

Enrollment fee - $25.00

Excess Contribution Removal

To comply with regulatory requirements limiting the amount of annual contributions, there is a $5.00 fee each time an excess contribution is removed from the account.

Fee to Close

A $10.00 fee is charged if the account is closed within 90 days of being opened. Service Fee – $4.00 per month – Waived with a Direct Deposit Relationship or Primary Checking Account Relationship or a Deposit or Loan account of $2,500 or more.

Check Order Fee

Varies. Overdraft protection is not available on this account. Fees could reduce earnings on account.

Products and services are offered by Fox Valley Savings Bank, Member FDIC, and are subject to bank/credit approval. Investments offered through Capital Financial Services, Inc. an independent brokerdealer and is not a savings institution or an affiliate of any bank or savings institution.