Health Savings Accounts

HSAs are a convenient tax-free way to save and pay for qualified medical expenses.

SPIRE offers free savings, checking, and certificate Healthcare Savings Accounts (HSAs) with no minimum balance, monthly service charges or set up fees.

  • No minimum balance, monthly service charges or set up fees.
  • Earn dividends on all SPIRE HSAs.
  • HSA Checking accounts include a free HSA Visa® Debit card.
  • Free eStatements and Internet Banking.
  • Set up a recurring auto transfer or direct deposit a portion of your paycheck into your HSA.

How it Works

  • Reduce your insurance premiums by choosing a low-premium HDHP and put the extra money in your HSA to save for the future.
  • Earn tax-free dividends. Withdrawals are tax-free when used for qualified medical expenses. You may even be able to deduct your contributions on your tax return, if they are not done on a pre-tax basis by your employer.
  • You decide how much money to put into the account. You don’t have to contribute every year and your employer may make contributions as well. For single coverage, you can contribute up to $3,6000.  For family coverage, you can contribute up to $7,200.  For those 55 years of age or older, you can make an additional "catch-up" contribution of up to $1,000.
  • You decide whether to pay current medical bills, including expenses not covered by insurance or to save for future needs like health insurance and medical expenses if unemployed, medical expenses after retirement (before Medicare) or long-term care expenses.
  • All money left over grows tax-free, including interest. Even if you switch jobs, become unemployed or retire, it’s yours. It can even be passed on to loved ones. Withdrawals for qualified medical expenses are never taxed.

Take the Next Step

We believe SPIRE is more than a financial institution. Our Core Purpose is to improve lives and we want to be a partner in life with you.

Let us help you save money and keep your family healthy. Experience the SPIRE difference today.

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Other Savings ProgramsRates Effective: 1/1/2022

Dividend APY*
Holiday Savings Club0.1500.15
Budget Savings0.2000.20
Puppy Pal Savings0.2000.20
Teen Savings0.2000.20
Health Savings Account0.1000.10

VIEW ALL RATES View all Rates icon
*Annual Percentage Yield.
At our discretion, dividend rates are subject to change on the first business day of each week and the first business day of each month (unless otherwise noted).

Truth in Savings Disclosure

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See current Service Fee Schedule for additional information. Fees may reduce earnings.

Regulation D

Regulation D requires that during any calendar month you may not make more than six withdrawals or transfers from your savings account to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction. Transactions governed by Regulation D include, but are not limited to: automatic transfers from savings to checking for overdraft protection, automatic transfers from saving to any other account, telephone transfers from savings to any other account (including transfers made using Telephone Banking and the fax machine,) preauthorized payments from savings, transfers from savings to any other account using Personal Access Home Banking. Regulation D allows unlimited transfers and withdrawals from a saving account when made by mail, messenger, ATM, or in person, or when such withdrawals are made by telephone provided a check is mailed to the member. Transfers to repay loans at the credit union and to pay safe deposit box rent are also unlimited.

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