Health Savings Checking Account

Commonwealth Bank & Trust is proud to offer Health Savings Checking Accounts as a “local” option to meet the needs of consumers selecting a High Deductible Health Plan as their health care choice. Our accounts offer all of the perks of having a Health Savings Account while giving you the local service and support you deserve and expect from Commonwealth Bank & Trust Company.


High Quality
  • Compliant IRS reporting of deposits and withdrawals on Annual Report
  • Knowledgeable support team to help the employee and the employer each step of the way
  • Fast, local product set-up and support
Affordable
  • No account opening fee
  • Low minimum balance to avoid monthly service charge
  • No fee for first order of 50 checks
  • Competitive interest paid on daily balances
Accessible
  • Visa Debit Card access via ATMs and at Point of Sale locations
  • Secure, free Internet Banking access
  • Unlimited check writing ability
  • Easy record-keeping with complete monthly statement

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Account opening procedures apply. Monthly service charge of $3.00 monthly applies for balances below $500. Consult HSA Plan Agreement for additional rules and restrictions. Consult your tax advisor for possible tax benefits and consequences associated with Health Savings Accounts. Insured is responsible for maintaining all receipts associated with qualified withdrawals from the plan.