Please Note:

A competent tax advisor should be consulted for any questions concerning Health Savings Account eligibility and tax benefits. Health Savings Accounts are a special, tax-favored account type that have specific restrictions including, but not limited to, eligible expenses and deposit limits. 

Please take the time to familiarize yourself with these restrictions. While HSAs are housed at banks, the account activity is ultimately between the account holder and the IRS, and not monitored by banks. Excess contributions will likely be flagged during tax filing and non-medical expenses during an IRS audit. Penalties apply. Your health insurance agent or tax accountant are good resources should you have questions.


3, 6, 12-MONTH CD 18, 24, 30, 36, 48, 60-MONTH CD HEALTH SAVINGS ACCOUNT
Description

Invest a portion of your Health Savings Account balance into a Certificate of Deposit for a higher interest yield.

Invest a portion of your Health Savings Account balance into a Certificate of Deposit for a higher interest yield.
Access your pre-taxed savings for qualified medical expenses.
Minimum Balance (MB)
$100 $100
none
Interest
variable rate; please inquire variable rate; please inquire Calculated on an average daily balance; compounded and paid monthly
Compounding
3- or 6-month: at maturity
12-month: semi-annually
semi-annually

monthly

Statements

UCB Logo paper

Statements cut at earnings and maturity

UCB Logo paper

Statements cut at earnings and maturity
UCB Logo paper

Monthly statements
Early W/D Penalty
3 months of interest 6 months of interest n/a
Online/Mobile Banking

UCB Logo

UCB Logo
UCB Logo
Checks
n/a
n/a
UCB Logo basic checks




Question Mark Icon

Need Assistance?

218.346.5700

General questions:

SEND QUICK MESSAGE

Sending private information?

SEND SECURE EMAIL

Return to Retirement/HSA Overview

Go Back