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Personal Banking
Health Savings Accounts (HSAs)
All of our Certificates of Deposits are available as investment options for your HSA Account.
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Meet your HSA representatives!
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Health Savings Accounts (HSAs) are designed to benefit people with high-deductible health plans. They are a great way to save for health care expenses, with the added benefit of excellent tax savings and reduced health care costs.
The contributions and earnings are tax-free. At the same time, premium expenses can be reduced by 40-50% with a switch to a high-deductible health plan (HDHP).
Qualified medical expenses are paid with tax-free distributions from the HSA. This account has many of the same benefits as the Medical Savings Account (MSA) but without the restrictions!
Capitol Bank can help you get started with opening your HSA today! It's quick and easy! Just select the link 'Open My HSA' and follow the four steps. We will send you confirmation of receipt.