An HSA enables you to pay for current qualified health expenses as well as save for future qualified medical and retiree health expenses on a tax-free basis.

Interest rates are tiered, with greater interest rates paid for higher balance levels. 

Tier 1 – Average daily balance of $500.00 - $1,500.00
Tier 2 – Average daily balance of $1,500.01 - $5,000.00
Tier 3 – Average daily balance of $5,000.01 and up

Features of our Health Savings Account include:

  • $100 minimum deposit to open
  • $0.50 monthly service charge waived with $100 minimum daily balance
  • $500 minimum average daily balance required to earn interest
  • Interest is compounded and credited monthly
  • Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example checks)
  • Check images available online
  • Free E-Statements ($2.00 paper statements)
  • Free printed checks
  • No annual fee Debit card
  • Free 24 Hour Telephone Banking
  • Free Online Banking

**River Bank does not provide tax or legal advice. It is recommended that you seek the advice of your own tax and/or legal professional to ensure your compliance with applicable HSA regulations.


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