Health Savings Accounts (HSAs)

Put rising healthcare costs into perspective

Medical insurance goes only so far these days. Gain peace of mind and control with a health savings account (HSA) that offers these benefits:

  • Tax savings, such as deductible contributions and tax-free distributions when used to cover qualified medical expenses
  • Automatic rollovers if the account balance isn’t spent in one year
  • Eligibility after age 65 even if you enroll in Medicare

Enjoy the convenience of accessing your funds with an HSA debit card, which can be used wherever MasterCard is accepted. It's much easier to use than writing a personal check, and transactions are automatically tracked on your statement.

Consult a tax or legal professional before opening an HSA account or contact Bank of Sun Prairie for more information.

Locations & Hours Financial Education

Health Savings Account Rates**

Comparison table of Health Savings Account Rates**
Account Type Minimum Opening Deposit Interest Rate Annual Percentage Yield (APY)
Individuals $100 0.400% 0.400%

Minimum balance to earn APY is $0.01. Fees or withdrawals could reduce the Annual Percentage Yield (APY) on the above accounts. Disclosures on fees, transaction limitations and other product features are contained in our Consumer Deposit Account Fee Schedule, applicable Product Information Brochure, and our Terms and Conditions.

** All Interest Rates and Annual Percentage Yields (APY) are current as of this date but are subject to change at our discretion. The disclosed APY assumes that the interest will remain on deposit; interest withdrawals will affect APY. Bank uses the daily balance method to calculate the interest on your account. This method applies a daily rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (i.e., checks). Interest is compounded and credited monthly on your collected balance. These are variable rate accounts. The interest rate that corresponds to the amount on deposit is paid on the full balance.

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