Health Savings Account

An Innovative Way To Prepare For Health Care Costs

As the cost of health insurance continues to rise, many individuals are opting into low premium / high deductible insurance. Health Savings Accounts (HSAs) are a tax advantaged way to help cover the high deductible while maintaining ownership of any funds not used over the course of the year. American National Bank and Peoples National Bank are proud to have been among the first institutions in the area to offer this innovative account.

• No monthly service fee with minimum daily balance of $1,000.
• $25.00 set up fee waived if employer establishes 100 or more group accounts.
• Competitive interest rate, click here for current rate sheet.
• Interest is credited on a monthly basis using a tiered rate and is compounded daily.

_{Service fee of $1.50 per month if minimum daily balance is less than $1,000. $0.50 fee for each withdrawal exceeding five per month. Interest rate is compounded daily, credited to account monthly. Some restrictions may apply. Consult your tax advisor for details on tax advantages.}