Health Savings Account
First State Bank Health Savings Account is a tax-exempt account established exclusively for the purpose of paying qualified medical expenses for you and your family. This account is available to insured persons with a high deductible insurance policy and First State Bank is one of the few financial institutions in our market area to offer HSA accounts.
Why HSA?
- You do not pay taxes on money going into your HSA.
- You decide how much money to set aside for health care costs.
- You control how your HSA money is spent, meaning you can shop around for care based on quality and cost.
- Any unused money at the end of the year rolls over to the next year.
To learn more, contact a customer service representative at
(903) 676-1900.
HSA Checking Now (Individuals) | |
|---|---|
| Minimum to Open | $25 |
| Minimum Balance | $500 |
| Monthly Service Fee | If balance falls below $500 at any time within the month, $5 service charge.* |
| Interest | Set Periodically |
| FSB Debit Card | Free |
ATM Access (FSB & Austin Bank at no cost) | |
Online Banking (Free) | |
Bill Pay Service (Free) | |
| Statements | Free E-Statements Images Available Online** |
* Account governed by Health Savings Accounts guidelines; contact a customer service representative for more details.
** Paper statement with images available for $4.00 per month.
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