New Account Opening


A Health Savings Account (HSA) is a tax-advantaged account created for or by individuals covered under high deductible health plans (HDHPs) to save for qualified medical expenses. Contributions are made into the account by the individual or their employer and are limited to a maximum amount each year. The contributions are invested over time and can be used to pay for qualified medical expenses, such as medical, dental, and vision care and prescription drugs.

  • A Health Savings Account (HSA) is a tax advantaged account to help people save for medical expenses that are not reimbursed by high-deductible health plans (HDHPs).
  • No tax is levied on contributions to an HSA, the HSA’s earnings, or distributions used to pay for qualified medical expenses.
  • An HSA, owned by an employee, can be funded by the employee and the employer.
  • Contributions are vested, and tax deductible (please confer with your tax accountant).

Health Savings Account Selections

Name of SelectionType of AccountInterest Earning %Annual Percentage Yield %Minimum Balance to earn APY/open
Health Savings Account 1Checking.05.05$0.00/$50.00
Health Savings Account 2Checking.07.07$5000.00/%50.00
Health Savings Account 3Checking.10.10$10,000.00/$50.00
DISCLOSUREAt our discretion, KeySavings Bank may change interest rates on all interest earnings accounts. Fees may reduce the earnings on all interest earning accounts.

Sweeps Options

You can tie your accounts together so that money can automatically flow between each. Call for more details.

Lost or Stolen Debit/ATM card

If you have lost or had your ATM/Debit card stolen, please call us at 715-423-6460 during banking hours.