Bankers Trust offers health savings accounts (HSAs), which are savings accounts that can be used to complement your health insurance plan and cover out-of-pocket costs. For individuals who have a high deductible health plan, an HSA may offer significant tax benefits related to paying qualified medical expenses — and may provide benefits similar to many tax-favored retirement plans.*

Find a branch to learn more or open your account online.

* Consult your tax advisor for tax benefits.

  • Unlimited check writing
  • Interest-bearing account
  • FDIC-insured
2025 Requirements and Limits

Individuals must have a high deductible health plan to open an HSA.

  • Self-only Coverage: Minimum deductible of $1,650
  • Self-only Coverage: Maximum out-of-pocket expense of $8,300
  • Family Coverage: Minimum deductible of $3,300
  • Family Coverage: Maximum out-of-pocket expense of $16,600
2025 Contribution Limits

  • Self-only Coverage: $4,300
  • Family Coverage: $8,550
  • 2025 Catch-Up Contribution Limit (age 55 or older): $1,000
Fund Deadline

HSA contributions for tax year 2025, up to your annual limit, may be made through April 15, 2026.

Monthly Maintenance Fees

A maintenance fee of $3.00 (plus applicable sales tax) will be imposed for any statement cycle if the balance in the account falls below $500.00 any day of the month. This maintenance fee will not be imposed in the first three statement cycles after you open your account.

Health / Account FAQs

What is a Health Savings Account (HSA)?

A Health Savings Account (HSA) is a medical savings account available to taxpayers who are enrolled in a high-deductible health plan (HDHP). You control this money, not your employer or insurance company, and can use it on health care expenses. Another benefit is the funds in this account are not subject to federal income tax when they are deposited.

What is an HDHP and why do I need one?

In the United States, a high-deductible health plan (HDHP) is a health insurance plan with lower premiums and higher deductibles than a traditional health plan. Being covered by an HDHP is a requirement for having a health savings account.

Which contribution tax year should I choose?

HSA contributions for any particular year may be made on, or before, the applicable tax filing deadline for such year (usually April 15). Until the applicable tax filing date for a particular year, you have the option of making additional HSA contributions and designating them to apply to such year. Remember, however, that you must not exceed the maximum statutory limits on yearly contributions. Please consult your tax advisor if you have questions.

How many beneficiaries should I designate?

You can choose not to designate any beneficiaries. We recommend you designate at least one primary beneficiary who will inherit your account assets in the event of your death.

What is the difference between a primary and a contingent beneficiary?

A primary beneficiary receives account assets in the event of your death. A contingent beneficiary receives account assets in the event of your death only when all primary beneficiaries have also passed away.

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Additional Information