Health Savings Account (HSA)
A tax-advantaged, custodial account used to pay out-of-pocket medical expenses.
Give yourself peace of mind when it comes to medical expenses.
Why an HSA?
An unforeseen health problem can arise at any time. Setting aside some money each month can provide reassurance that you’re prepared for any unexpected medical costs. This is a tax-advantaged account intended for covering eligible out-of-pocket medical expenses in coordination with a high-deductible health care plan.
Safeguard yourself from unexpected medical expenses with a BankWest HSA.
Account Details:
- Account funds can be rolled over each year.
- Tax-free earnings1
- Tax-deductible contributions1
- Tax-free withdrawals1
- Interest earning
- No minimum opening deposit
- Unlimited check writing
- Free BankWest HSA debit card
- Subject to checking account fees and disclosures
BW Basic Checking
Our BW Basic Checking has no monthly charge for qualified customers who receive eStatements or meet relationship qualifications. $100 minimum to open.
Disclosures
1 When used within IRS regulations regarding Health Savings Accounts. Please consult your tax advisor for details.
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If you haven’t made a mobile deposit using BankWest’s mobile app now is the perfect time. Here's how!
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