Health Savings Accounts

Health Savings Accounts are used for the purpose of health care expenses when linked with a high-deductible health plan. HSAs can help you manage your health care coverage and money. Account holders may contribute tax-deferred funds up to IRS annual limits. This account can be used to pay for medical prescriptions, co-payments, deductibles, eyeglasses, contact lenses or any other qualified health care expense. All the funds contributed for the year will roll over to the following year and thereafter, as long as the account remains open.

Oak Valley & Eastern Sierra currently offer three types of HSAs: HSA Checking, HSA Savings and HSA Liquidity. You must also be covered by what the IRS considers a high deductible health plan (HDHP) and not be covered by another primary health plan to be eligible to open an HSA. Consult your employer or tax advisor to see if you have an HSA healthcare plan option available for you.

HSA Checking

Interest bearing
Low $100 minimum opening balance
$500 minimum balance to earn interest
Unlimited check writing
Unlimited ATM/Debit Card use
$2.50 monthly service charge¹
eStatements available at no charge. Paper statement available for $3 per month.¹
$15 one-time set-up fee

Rates & Fees

[+] Additional Health Savings Disclosure

¹- Waived if you have a non-HSA personal checking account or if you maintain a combined average daily balance of $10,000 or more in all deposit accounts on which you are the owner of the funds.

HSA Savings

Interest bearing
Low $100 minimum opening balance
$500 minimum balance to earn interest
$2.50 monthly service charge¹
eStatements available at no charge. Paper statement available for $3 per month.¹
$15 one-time set-up fee

Rates & Fees

[+] Additional Health Savings Disclosure

The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest will be compounded daily and credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. We will use an interest accrual basis of 365 for each day in the year. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Fees could reduce the earnings on the account.

†APY=Annual Percentage Yield.

Withdrawals or transfers to another account or third parties by pre-authorized, automatic, or telephone transfers are limited to six (6) per statement cycle, which includes by check, draft, debit card or similar order to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. For each additional withdrawal, an excessive withdrawal fee of $4 will be applied at the end of the statement cycle.

¹- Waived if you have a non-HSA personal checking account or if you maintain a combined average daily balance of $10,000 or more in all deposit accounts on which you are the owner of the funds.

HSA Liquidity

Interest bearing
Low $100 minimum opening balance
$500 minimum balance to earn interest
Earn higher interest rate than available on HSA Checking or Savings
$4.00 monthly service charge¹
eStatements available at no charge. Paper statement available for $3 per month.¹
$15 one-time set-up fee

Rates & Fees

[+] Additional Health Savings Disclosure

The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest will be compounded daily and credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. We will use an interest accrual basis of 365 for each day in the year. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Fees could reduce the earnings on the account.

†APY=Annual Percentage Yield.

Withdrawals or transfers to another account or third parties by pre-authorized, automatic, or telephone transfers are limited to six (6) per statement cycle, which includes by check, draft, debit card or similar order to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. For each additional withdrawal, an excessive withdrawal fee of $10 will be applied at the end of the statement cycle.

¹- Waived if you have a non-HSA personal checking account or if you maintain a combined average daily balance of $10,000 or more in all deposit accounts on which you are the owner of the funds.

EQUAL HOUSING LENDER | MEMBER FDIC