Health Savings Accounts (HSA)

An interest bearing checking account designed exclusively for covering medical expenses on a qualified health deductible plan.*

HSA Benefits:

  • Tax-deductible contributions
  • Contributions can be made in any amount throughout the year until your tax return filing date for that year, not to exceed your annual limit
  • You may contribute up to the annual limit for the type of HDHP coverage you are under (self-only or family)
  • If you’re age 55 or older, you may make a catch-up contribution of $1,000
  • As long as you cannot be claimed as a dependent on another person’s tax return, you may deduct contributions made by yourself or your spouse (not those made by your employer)
  • Tax-free distributions for qualified medical expenses
  • Qualified medical expenses typically include most medical, dental and vision not covered by insurance (IRS Publication 502 references a partial list of qualified medical expenses)
  • Tax-deferred earnings
  • Balance carries over from year to year
  • Remains with you, regardless of change in coverage or employment
  • Savings investment for retirement
  • You own the HSA and can take it with you even if you change health plans or employers

FNB HSA Benefits include:

  • No minimum deposit and/or balance requirements
  • No maintenance fees
  • Unlimited check writing and FREE checks
  • Monthly statement of activity with imaged checks
  • Interest compounded and credited monthly
  • FREE Debit Card access
  • FREE Online/Digital Banking access
  • FDIC Insured

HSA Rates

Rates effective as of 11/8/2022.

TermMinimum BalanceInterest RateAPY
Health Savings Account$10,000 0.35%0.35%
$5,000 0.30%0.30%
$0.010.25%0.25%
* APY = Annual Percentage Yield - Fees may reduce earnings. 
APY is subject to change without notice. 
Rates may change after account is open.

* Please consult your tax advisor or insurance provider for plan eligibility and tax advice.