BMI Federal Credit Union
Health Savings Accounts (HSAs) | BMI FCU
Health Savings Made Easy
BMI Federal Credit Union offers Health Savings Account (HSA) Checking Accounts designed to help you save money while managing your healthcare payments. With an HSA from BMI FCU, you can enjoy tax advantages, competitive rates, and the flexibility to use your funds for qualifying medical expenses.
Benefits of a BMI FCU Health Savings Account
- Convenient access with a HSA Visa® Debit Card
- Funds available for all qualified medical expenses*
- Tiered dividends based on your balance
- Optional HSA Investment Account to grow your savings
- Make pre-tax contributions to maximize savings
- No age or income limits to open an account
Explore eligibility, contributions, distributions and more. Visit www.irs.gov, for the full publication of guidelines and benefits.
Health Savings Accounts (HSAs) To Help You Save
| Product |
Minimum |
Maximum |
Rate |
APY1 |
| HSA Checking: Tier 1 |
N/A |
$2,499.99 |
0.35% |
0.35% |
| HSA Checking: Tier 2 |
$2,500.00 |
$9,999.99 |
0.40% |
0.40% |
| HSA Checking: Tier 3 |
$10,000.00 |
$24,999.99 |
0.55% |
0.55% |
| HSA Checking: Tier 4 |
$25,000.00 |
N/A |
0.75% |
0.75% |
Health Savings Account (HSA) rates effective 12:00 am on Monday, September 30, 2024
1 APY = Annual Percentage Yield. Rates are subject to change without notice. Fees such as a penalty for early withdrawal may reduce earnings. Certificate Specials are not eligible for Loyalty Rewards.
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Grow Your Savings with an HSA Investment Account
Take your healthcare savings to the next level with a BMI FCU HSA Investment Account. This account allows you to invest a portion of your HSA funds, providing the opportunity to earn more on your unused dollars. Investing your HSA offers several benefits:
- Maximize your tax savings
- Potential for greater long-term growth
- Save for health care in retirement
- Control your investment strategy
- Easily transfer funds back to your HSA when needed
To learn more about the power of investing your HSA, watch this informative video.
Ready to get started? Open your HSA Investment Account at myHSAinvestment.
Use your 13 digit MICR account number when opening your HSA Investment account. This number can be found in Online Banking. Navigate to accounts, select an account, and click "Show Details".
You'll Also Enjoy These Benefits with Your HSA Checking Account
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BMI FCU is not responsible and does not assume any responsibility for determining the eligibility to make contributions to an HSA, nor is the Credit Union responsible for determining the yearly HSA contribution limits. The information provided does not, and is not intended to, constitute legal or tax advice. Rather, all information, content, and materials is intended for general informational purposes only. Please work with your tax adviser or legal professional to obtain advice regarding your situation.
*Visit the IRS publication of guidelines to review qualified medical expenses.
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