Health Savings Account
An account to cover healthcare expenses.
Healthcare expenses can be unpredictable. Shouldn’t you have access to a way to manage them?
At Jewett City Savings Bank, that’s why we offer our Health Savings Account (HSA) — an effective way to manage health care expenses for customers enrolled in high-deductible health plans.
Our Health Savings Accounts include
Paperless statements
& account alerts
Debit card with
Card Control
Unlimited
checkwriting
Personal service
from neighbors
HSA Checking
Your HSA Checking can be funded by contributions that are directly deposited by your employer. You may also make tax-deductible contributions to your HSA Checking. Your total contributions for the year must not exceed the maximum annual contribution limit.
Withdrawals or distributions from your HSA Checking are not taxable when used for qualified medical expenses. Please consult your tax advisor regarding the potential tax implications of your HSA Checking.
Account Features
- Tiered interest rates.
- No monthly or annual fees.
- No minimum balance requirements.
Account Access
We make it easy to keep track of your balance and transactions:
- Unlimited check-writing
- Debit Card for each adult under the plan
- Online and Mobile Banking
- Monthly statements – eStatements available
HSA Certificate of Deposit (CD)
An HSA CD is a smart choice for people who have built up extra funds in their HSA and want to earn more interest on money they don’t need to access right away. It’s also a strong option for those using their HSA as a long-term savings tool for retirement. Secure a guaranteed competitive return for a fixed period of time with terms of 6 months or 1 year.
Withdrawals from your HSA CD for qualified medical expenses are allowed at any time, however, a penalty may be imposed for early withdrawal of principal. Please consult your tax advisor regarding the potential tax implications of your HSA CD.
All our accounts come with Federal Deposit Insurance Corporation (FDIC) protection of up to $250,000 per depositor. Learn more about Deposit Insurance.
PROGRAM | Minimum to Open | Minimum Daily Balance to earn APY | APY* |
HSA Checking | $0 | $15,000.00 and above | 0.50% |
$5,000.00 to $14,999.99 | 0.20% | ||
$0.01 to $4,999.99 | 0.05% | ||
*Annual Percentage Yield (APY) is accurate as of May 7, 2026 and subject to change at any time. The APY may change after the account is opened. Fees could reduce the earnings on the account. HSA's are considered Health Savings Accounts and are subject to IRS rules and regulations. | |||
PROGRAM | Minimum to Open | Minimum Daily Balance to earn APY | APY** |
6 Month HSA CD | $1,000.00 | $.01 | 3.55% |
1 Year HSA CD | $1,000.00 | $.01 | 3.00% |
**Annual Percentage Yield (APY) is accurate as of May 7, 2026 and subject to change before account opening. Fees could reduce the earnings on the account. A penalty may be imposed for early withdrawal. HSA CD's are considered Health Savings Accounts and are subject to IRS rules and regulations. | |||
Your Life. Your Bank.
Use our information request form, visit any of our offices, or give us a call at 860-376-4444 and find out how Jewett City Savings Bank can help you.