Health Savings Account

Businesses always are looking for money-saving benefits to extend to employees. Such benefits not only help attract a quality work force yet also help to retain top performing employees.

One benefit that could be offered through Bank of the Cascades is a Health Savings Account (HSA). With it, everyone company-wide could benefit from a tax-advantaged savings account for medical expenses not covered by a high deductible health insurance plan.*

With our HSA, funds can begin covering expenses from day one. You or your employees own the HSA – it accrues interest, and the balance grows and continues to roll over, year after year. It’s always yours or your employees’ to keep, whether it is used or not.

Health Savings: Monthly Service Charge $5.00
Avoid a monthly service charge by maintaining a minimum daily balance of $250 or a minimum average daily balance of $500 during statement cycle.

Health Savings Select: Annual Fee of $40.00
No monthly minimum balance requirement.

Account features for both Health Savings and Health Savings Select include:

  • $100 minimum opening deposit
  • A tiered, interest-bearing checking account
  • Unlimited check writing
  • Receive your first order of HSA checks at no charge
  • HSA Cascade Card (ATM/debit card)
  • A monthly statement to help you track expenditures and distributions

Ask us about this valuable benefit today.

*Most individuals covered by a high deductible health plan (HDHP)) may establish an HSA. Verify eligibility and maximum contribution with a qualified tax advisor.

For more information, please contact your local branch or Customer Service at 541-617-3500 or 877-617-3400.