![Health Savings Account For Physicians Physician Health Savings Account (HSA)](https://www.physicianbank.com/wp-content/uploads/physician loan/health-savings-account-for-physicians.webp)
Physician Bank
Health Savings Account
Rates as high as 3.02% APY1
Looking for a convenient way to save for your medical expenses? Look no further than Physician Bank’s Health Savings Account (HSA)! Our interest-bearing account is specifically designed to help eligible individuals manage their healthcare costs, while earning interest on their savings. Seamlessly integrated with your High Deductible Health Plan from your insurance provider, our HSA makes it easy to prepare financially for your healthcare needs. Trust us to be your partner in safeguarding your health and financial well-being.
GET STARTED ONLINE
Health Savings ACCOUNT FEATURES
![Open a Health Savings Account cash icon](https://www.physicianbank.com/wp-content/uploads/physician loan/cash-icon.webp)
$50 Minimum to Open Account2
Waived if regular ACH deposits established at account opening.
$30 Setup Fee: ($20 setup fee if done online); to be paid at the time HSA is established, may be deferred for up to 30 days.
![High Yield Interest With Your Health Savings Account interest icon](https://www.physicianbank.com/wp-content/uploads/physician loan/interest-icon.webp)
Earn Interest3
Earn interest on the full balance of your HSA with tiered interest.
$5,000 min. qualifying balance – 3.02% APY1
$.01 to $4,999.99 qualifying balance – 1.01% APY1
![Your HSA Tax Free Distribution hsa icon](https://www.physicianbank.com/wp-content/uploads/physician loan/hsa-icon.webp)
Make tax-free distributions from your HSA for qualified medical expenses using:
Debit card at merchants and service providers ePay online bill pay. In bank withdrawal — $10.00 each.
IRS corrections: $104
![Your HSA Gives You eStatements estatement icon](https://www.physicianbank.com/wp-content/uploads/physician loan/estatement-icon.webp)
Free eStatements
$4 per month if paper statements are mailed.
![Your Health Savings Account Gives You Free Debit Card debit card 1](https://www.physicianbank.com/wp-content/uploads/physician loan/debit-card-1.webp)
One Free Debit Card
Additional cards $10 each; no checks with account.
![You Can Transfer Money with Your Health Savings Account transfer](https://www.physicianbank.com/wp-content/uploads/physician loan/transfer.webp)
Transfer money electronically to or from your account… anytime, online**
External Transfer: $30.
Excess contributions: $20
Overdrafts & NSF: $33 per item*
![Open a Health Savings Account Open HSA Account with $50](https://www.physicianbank.com/wp-content/uploads/physician loan/cash-icon.webp)
$50 Minimum to Open Account2
Waived if regular ACH deposits established at account opening
$30 Setup Fee: ($20 setup fee if done online); to be paid at the time HSA is established, may be deferred for up to 30 days.
![High Yield Interest With Your Health Savings Account Earn High Interest with Your HSA](https://www.physicianbank.com/wp-content/uploads/physician loan/interest-icon.webp)
Earn Interest3
Earn interest on the full balance of your HSA with tiered interest.
$5,000 min. qualifying balance – 3.02% APY1
$.01 to $4,999.99 qualifying balance – 1.01% APY1
![Your HSA Tax Free Distribution Make tax-free distributions from your HSA](https://www.physicianbank.com/wp-content/uploads/physician loan/hsa-icon.webp)
Make tax-free distributions from your HSA for qualified medical expenses using:
Debit card at merchants and service providers, ePay online bill pay
In bank withdrawal—$10.00 each.
IRS corrections: $104
![Your HSA Gives You eStatements Free eStatements with Your Health Savings Account](https://www.physicianbank.com/wp-content/uploads/physician loan/estatement-icon.webp)
Free eStatements
$4 per month if paper statements are mailed.
![Your Health Savings Account Gives You Free Debit Card Get A Free Debit Card with Your Health Savings Account](https://www.physicianbank.com/wp-content/uploads/physician loan/debit-card-1.webp)
One Free Debit Card
Additional cards $10 each; no checks with account.
![You Can Transfer Money with Your Health Savings Account Transfer money electronically with Your HSA](https://www.physicianbank.com/wp-content/uploads/physician loan/transfer.webp)
Transfer money electronically to or from your account… anytime, online**
External Transfer: $30
Excess contributions: $20
Overdrafts & NSF: $33 per item*
- APY = Annual Percentage Yield. Fees may reduce earnings. Interest rate is variable and may change after the account is opened.
- $30 fee if account is closed within 6 months of opening.
- Variable interest rate may change daily; Interest calculation is based on daily (collected) available balances and is compounded monthly.
- Subject to IRS requirements.
Health Savings Account rates effective as of July 1, 2024.
*Overdrawing your HSA will cause the plan to be disqualified by the IRS.
** Please consult your tax preparer for eligibility and contribution limits.
Important Information
Procedures for Opening an Account Mandated by the USA PATRIOT ACT
To help the government fight the funding of terrorism and money laundering activities, the USA PATRIOT ACT, a Federal law, requires all financial institutions to obtain, and record information that identifies each person who opens an account.
What this means for you:
When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
More Private Banking Options
We have high-interest checking and savings accounts with competitive rates and low fees. You can also take advantage of our high, interest-bearing Certificate of Deposit with guaranteed returns.
Ready to achieve your financial goals? Choose from our selection of financial products – one or all – and start your journey towards success. Get in touch with us today and discover more about our offerings.
PAYROLL PLUS ACCOUNT
Give your paycheck a boost!
![Physicians High Yield Checking Accounts eCentive Account](https://www.physicianbank.com/wp-content/uploads/physician loan/ecentive-icon-1-jpg.webp)
Get the best of both worlds – the convenience of Direct Deposit and an excellent rate of return.
JUMBO DEPOSIT ACCOUNT
Your savings, safe and secure.
![High Yield Savings Jumbo Account](https://www.physicianbank.com/wp-content/uploads/physician loan/jumbo-icon-1-jpg.webp)
Maximize your savings potential with our high-yield savings account, offering flexibility and full FDIC insurance for up to $7 million in deposits.
CERTIFICATE OF DEPOSIT
Rates as high as 5.06% APY!
![High Yield HS Account for Medical Professionals Health Savings Account](https://www.physicianbank.com/wp-content/uploads/physician loan/hsa-icon-1-jpg.webp)
Our CDs provide fixed interest rates and guaranteed returns, giving you a secure and reliable way to maximize your savings
![Physicians High Yield Checking Accounts ecentive icon 1 jpg](https://www.physicianbank.com/wp-content/uploads/physician loan/ecentive-icon-1-jpg.webp)
Give your paycheck a boost!
Get the best of both worlds – the convenience of Direct Deposit and an excellent rate of return.
![High Yield Savings jumbo icon 1 jpg](https://www.physicianbank.com/wp-content/uploads/physician loan/jumbo-icon-1-jpg.webp)
Your savings, safe and secure.
Maximize your savings potential with our high-yield savings account, offering flexibility and full FDIC insurance for up to $7 million in deposits.
![High Yield HS Account for Medical Professionals hsa icon 1 jpg](https://www.physicianbank.com/wp-content/uploads/physician loan/hsa-icon-1-jpg.webp)
Rates as high as 5.06%!
Our CDs provide fixed interest rates and guaranteed returns, giving you a secure and reliable way to maximize your savings.
PRIVATE BANKER FOR PHYSICIANS
Brandie Wenham
NMLS #634982
brandie@physicianbank.com
M: (605) 640-5888O: (712) 986-7077
![Connect with Brandie Wenham for your Banking Needs Contact Brandie Wenham For Health Savings Account](https://www.physicianbank.com/wp-content/uploads/physician loan/brandie-wenham.webp)