Deposit Products

Health Savings Accounts (HSAs)

Health Savings Accounts (HSAs) are designed to help individuals with qualified high deductible medical plans save to pay or reimburse their qualified medical expenses. An Ixonia Bank HSA features:

  • $100 minimum opening balance
  • Tiered interest based on balance
  • No Set Up Fee
  • No Annual Fee MasterCard® Debit Card(1)
  • Unlimited Checking Writing(2)
  • $3.00 monthly fee if total household deposits are less than $2,500
Key Details of an HSA:

Contributions made by:

Employee, other individuals and/or employer

Account owner:


Tax benefits:

Pretax contributions; tax-free withdrawals for qualified expenses; tax-deferred earnings

Interest earned:

Yes — See Current Rates

Contribution limit:

Yes — Under Age 55: $3,400 individual or $6,750 family. (IRS 2017 Limits)
Yes — Age 55 and over: $4,400 individual or $7,750 family. (IRS 2017 Limits)

Claim receipts must be submitted:

No — but employee should keep receipts in case of IRS audit

Unused balance:

Money is carried forward and accumulates

If employee leaves the company:

Money stays with the employee

Click here for current rates. For more details about an Ixonia Bank HSA Account, Speak with your Ixonia Bank Universal Banker for more details about opening an HSA, including an explanation of qualified plans and expenses. For complete HSA guidelines and tax information, please consult your tax advisor or visit the IRS’s website at, for more helpful information.

(1) A second Ixonia Bank deposit account is required to be opened for overdraft protection before the issuance of an HSA Debit Card.
(2) Applies to qualified medical expenses.
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