Health Savings Account (HSA)

Fidelity Bank Health Savings Account (HSA)

Prepare for Healthcare Costs with Health Savings Accounts (HSAs)

Healthcare costs can be unpredictable. A Health Savings Account (HSA) from Fidelity Bank can help you save for medical expenses. It also provides important tax benefits.

Fidelity Bank offers HSAs to help manage healthcare expenses and potentially save on taxes. They are a top community bank.

Key Features

  • Reliable Returns
  • Save for Medical Expenses
  • Tax Advantages1
  • No Minimum Balance Requirements
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Health Savings Account Details

  • Tax-Free Contributions: Contributions to your HSA are tax-free or tax-deductible, providing a valuable opportunity to reduce your taxable income. 1
  • Tax-Free Withdrawals: Withdraw funds tax-free when used for qualified medical expenses, ensuring your savings are utilized effectively for healthcare needs. 1
  • Automatic Fund Rollover: Unused funds in your HSA automatically roll over from year to year, giving you the freedom to save as much as you need.
  • No Minimum Deposit to Open: Open your HSA without any minimum deposit requirement, making it accessible for everyone.
  • No Monthly Service Charge: Enjoy a $0 monthly service charge when you meet the account qualifiers; otherwise, a $3 fee applies.
  • No Statement Fee: Receive electronic statements at no charge, or opt for paper statements with a $5 fee.

HSA Contribution Limits for 2024

  • Individual Contribution Limit: Contribute up to $4,150 per year to your HSA.
  • Family Contribution Limit: Families can contribute up to $8,300 per year.
  • Catch-Up Contribution: If you are over the age of 55, you can make an additional $1,000 catch-up contribution, increasing your savings potential.
  • Total Limit for Self-Only Coverage (Age 55 and Over): $5,150
  • Total Limit for Family Coverage (Age 55 and Over): $9,300
  • Flexible Contribution Timing: Contributions can be made at any time during the year or by the due date for filing your tax return for that year, excluding extensions.

For more information, please contact our Customer Service Department at 1-800-220-2497.

Why Choose Fidelity Bank for Health Savings Account (HSA)?

  • Reliable Returns: Grow your savings with competitive interest rates on your HSA balance.
  • Save for Medical Expenses: Easily set aside funds for current and future healthcare costs.
  • Tax Advantages: Contributions to your HSA are tax-free or tax-deductible, and withdrawals for qualified medical expenses are tax-free.
  • No Minimum Balance Requirements: Enjoy the flexibility of managing your HSA without worrying about maintaining a minimum balance.

Get Started with Your Fidelity Bank HSA

Don’t let unexpected healthcare costs catch you off guard. Open a Health Savings Account (HSA) with Fidelity Bank today and start taking control of your medical expenses with the added benefit of tax deductions. For more information or to discuss how an HSA can benefit you, please contact our Customer Service Department at 1-800-220-2497. As a trusted community bank, Fidelity Bank is here to support your financial and healthcare needs.

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1Consult a tax advisor or IRS Pub 502.

IMPORTANT INFORMATION: The content of this page is informational only. Accounts are subject to approval. Other miscellaneous fees apply. The terms of the accounts, including any fees or features, may change. See the Account Agreement, Electronic Funds Transfer Disclosure and Agreement, Funds Availability Policy Disclosure, Substitute Check Policy Disclosure, and Fee Schedule, for the terms and conditions associated with these products.