Health savings Account

Defray the cost of healthcare expenses, while taking advantage
of tax free savings1.

If you need a break from the high cost of health care, a Health Savings Account might be right for you! An HSA offers eligible individuals2 many benefits, including the option of keeping the money as a savings toward retirement.

Account Features:

  • Earn 0.20% APY* on all balances over $1.003
  • No set up charges, no monthly fees
  • Earn interest on all balances over $1.00
  • Check card with no annual fee
  • Free direct deposit set-up
  • Free online banking
  • Low opening deposit of $100
  • Available for individuals and family plans


  • Unlimited withdrawals for approved expenses4
  • If you don't need the funds to pay medical expenses, your money can remain in the account as
    tax-advantaged savings

Have questions about how a Health Savings Account works? Check out our Frequently Asked Questions.

Click here, for Current Rates on our other financial products.

To learn even more about our Health Savings Account, visit a Financial Services Representative at any of our Central Coast locations, or call us at 805.369.5200.

  • See Fee Schedule and Truth in Savings Disclosure for additional fees, charges, terms and conditions that may apply to your account.
  • *APY = Annual Percentage Yield
  • 1 Consult your tax professional for additional information about tax savings.
  • 2 To qualify for an HSA, you must be 18 or over, and covered by a High-Deductible Health Plan (HDHP). You are ineligible for an HSA if you are covered by any health insurance plan other than an HDHP, have applied for Social Security benefits, receive Medicare benefits or are claimed as a dependent on another person's tax return. There are no income limits to qualify for an HSA, and your contributions do not need to come from employment earnings. You can make deposits from personal savings, dividends, and unemployment or welfare benefits.
  • 3 Interest rate is 0.20% and is effective as of April 29, 2016. A daily collected balance method is used to calculate the interest on your account. This method applies a daily periodic rate to the collected principal in the account each day. Interest will be compounded daily and will be credited to the account every month on the statement cycle date. Rate is available to residents of Monterey, San Luis Obispo, Santa Barbara and Ventura counties. Fees may reduce earnings. Rate is variable and may change daily.
  • 4 Up to the amount of your current and prior contribution. The limit for 2016 is $3,350 (2015 is $3,350) for single coverage and $6,750 (2015 is $6,650) for a family plan. For additional information speak with a Financial Services Representative.