We can help you relax with a tax-friendly health savings account, or HSA. It’s a health plan that makes it easy for you to save for out-of-pocket healthcare expenses if you’re currently participating in a qualified, high deductible insurance plan.
A Health Savings Account (HSA) in conjunction with a high-deductible health plan (HDHP) is a new way to lower your health care costs. It's a tax-advantaged account that can be used to pay for day-to-day eligible medical expenses. Your HSA is also an excellent way to save for retirement as the money in your account continues to grow tax-free, year after year.
Your HSA works just like a regular checking account. You can either write a check or use your debit card to pay for qualified medical expenses. Statements can be mailed or viewed online.
To open your Health Savings Account, contact us today.
FDIC Insured Safety
Bank Mutual has been keeping our depositors' money safe since 1892. Deposits are insured by the FDIC up to $250,000 per depositor. Additional FDIC protection of up to $50 million is available through CDARS. Click here for more information on CDARS.
We make it easy to save. You can set up automatic transfers from your checking or savings to money market account. You can also make transfers from your money market account to your other Bank Mutual accounts. For example, pay a Bank Mutual mortgage loan or cover transactions in your Bank Mutual checking account.
• Access your HSA 24/7 with Online Banking or 'Round the Clock Telephone Banking.
• Enroll your HSA in e-Statements for your convenience and safety.
Other Savings Options
Also see our CDs, IRAs, and Money Market Accounts