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Health Savings Accounts

A Health Savings Account (HSA) enables you to pay for current health expenses and save for future medical and retiree health expenses on a tax-free basis.

 

You, and not a health insurance company, own and decide who to contribute to, spend, and invest the money in your HSA1. We offer HSA Checking, HSA Savings, and HSA Certificates.

Visit our HSA Service Center to open an HSA, service an existing HSA, use helpful planning calculators, or learn more about HSAs. Or, talk to a Specialist at (800) 848-5654, option 8 for help:

Rates effective July 13, 2009 APY = Annual Percentage Yield

Investment Term Minimum Balance Dividend Rate APY
HSA Savings or Checking n/a $50 0.70% 0.70%
HSA Savings or Checking n/a $2,500 0.70% 0.70%
HSA Savings or Checking n/a $5,000 0.90% 0.90%
HSA Savings or Checking n/a $25,000 1.54% 1.55%
HSA Certificate 12 months $2,500 0.64% 0.64%
HSA Certificate 18 months $2,500 0.99% 1.00%
HSA Certificate 24 months $2,500 1.34% 1.35%
HSA Certificate 30 months $2,500 1.34% 1.35%
HSA Certificate 36 months $2,500 1.65% 1.66%
HSA Certificate 60 months $2,500 2.15% 2.17%
HSA Certificate 12 months $10,000 0.67% 0.67%
HSA Certificate 18 months $10,000 1.27% 1.27%
HSA Certificate 24 months $10,000 1.37% 1.38%
HSA Certificate 30 months $10,000 1.37% 1.38%
HSA Certificate 36 months $10,000 1.68% 1.69%
HSA Certificate 60 months $10,000 2.18% 2.20%
HSA Certificate 12 months $100,000 0.70% 0.70%
HSA Certificate 18 months $100,000 1.30% 1.31%
HSA Certificate 24 months $100,000 1.40% 1.41%
HSA Certificate 30 months $100,000 1.40% 1.41%
HSA Certificate 36 months $100,000 1.71% 1.72%
HSA Certificate 60 months $100,000 2.21% 2.23%
 

Terms & Conditions

1 You must be covered by a High Deductible Health Plan (HDHP) and meet other IRS eligibility requirements to be able to take advantage of HSAs.
 

2 Funds are subject to early withdrawal penalties. As with all Island certificates, additional contributions are not permitted until maturity.
 

Programs (including but not limited to fees, rates, and features) are subject to change without notice. After account is opened, dividend rate and APY may change at North Island Credit Union's discretion. Fees may reduce earnings.