Savings Accounts Comparison Chart
Account Features | Classic Savings | Platinum Money Market | Health Savings Account |
---|---|---|---|
Interest | All Balances (One Rate) | All Balances (Tiered) | All Balances (One Rate) |
Minimum Balance | $50 (waived for Minors & Seniors 55 and up) | $25,000 Average daily balance | $0 |
Monthly Service Fee | $3 if account balance falls below $50 | $25 if average daily balance falls below $25,000 | $0 |
Paper Statement (Optional) | Free | Free | Free |
Extra Benefits | - | Check writing capabilities, Free Money Market Checks | Contributions to an HSA may be tax deductible. Consult a tax advisor. |
Minimum Opening Deposit | $50 | $25,000 | - |
Pre-Authorized Withdrawals/Transfers | Unlimited | Unlimited | Unlimited |
Mastercard Debit Card and/or ATM Card | ATM Card | ATM Card | HSA Mastercard Debit Card |
Account Requirements | - | - | Must be covered under an HSA-eligible, high-deductible health plan |