Build savings by investing your HSA funds today
With the tax advantages they offer, Health Savings Accounts (HSA) are excellent investments for people with a High-Deductible Health Plan (HDHP). First American Bank offers a Health Savings PLUS Account that allows you to invest a portion of your HSA in a selected group of mutual funds1.
- Open your account for as little as $0*
- $2.95 monthly fee with no load or trade fees
- Earns competitive interest rates on portion not invested in mutual funds
- Free Mastercard® debit card to pay medical providers
- Free Online and Mobile Banking with Bill Pay
- Mobile wallet includes Apple Pay®, Google Pay™ and Samsung Pay® at no additional cost2
- Unlimited check writing
- Checking account balance is FDIC-insured
The IRS has a list of qualified medical expenses you can use an HSA for: Click here for Publication 502
Call us at (866) 449-1150 to speak with an account representative today.
|Minimum Deductible||2019: $1,350
|Maximum Out-of-Pocket||2019: $6,750
|Contribution Limit||2019: $3,500
|Catch-up Contribution (55 or older)||2019/20:
1Investors should carefully read the Fund prospectus, which includes information on the Fund's investment objectives, risk, as well as charges and expenses along with other information before investing or sending money. Funds in the investment portion of your HSA PLUS account are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value.
Neither First American Bank nor its subsidiaries (collectively "First American Bank") are registered investment advisors nor is First American Bank acting in the capacity of a registered investment advisor with respect to the offering of HSA investment options. Participation in the investment options is voluntary. Under no circumstances is First American Bank offering any of the HSA investment options and First American Bank makes no representations with respect to the investment options offered.
First American Bank disclaims any and all liability, contingent or otherwise, for the performance of the investment options. Please see your financial advisor for personal investment advice.
2Android, Google Pay and the Android Logo are trademarks of Google LLC. Apple Pay is a registered trademark of Apple Inc. Samsung Pay is a registered trademark of Samsung Electronics Co., Ltd.
*$2,000 minimum checking account balance required to begin investing.