Tackling medical expenses
Is your health insurance covering everything you need? Answer these questions, and we can help you be more financially prepared for out-of-pocket health costs.
Your savings options
We offer several savings options that will allow you easy access to your funds and flexible withdrawals, which are both important if you're hit with out-of-pocket health costs. We also offer a Health Savings Account (HSA) which allows for tax-advantaged saving that rolls over from year to year. Check out our products below, and ask your employer about a Flexible Spending Account (FSA). An FSA could be a good addition for you as well.
Health Savings Account (HSA)
Interest that grows with your balance
- Available to individuals enrolled in a High Deductible Health Plan (HDHP) and who meet eligibility requirements
- All account balances are interest-paying and federal tax-deductible
- Contribute as much as you want up to the IRS maximum
- Rates: 0.05% to 0.25% APY* depending on your balance
- Interest accrues monthly
- Free for Patelco Commitment Household Members
- $2 monthly fee (Fee is waived for 1st year)
*APY = Annual Percentage Yield
Consult your tax advisor
Money Market Select
Earn one of the highest rates around*
- Earn up to 3.00% APY* on balances up to $2,000
- Liquid savings
- No fees, no minimum balance
- Dividends paid monthly
- Free checks
- Up to 6 withdrawals or transfers per month
*Source = Bankrate.com, APY = Annual Percentage Yield
Tiered Savings
A low-fee account with above-market interest.
- Low- to no-cost, dividend-paying account
- No opening deposit
- No minimum balance
- Check today's rates
Money Market Select
Earn one of the highest rates around*
- Earn up to 3.00% APY* on balances up to $2,000
- Liquid savings
- No fees, no minimum balance
- Dividends paid monthly
- Free checks
- Up to 6 withdrawals or transfers per month
*Source = Bankrate.com, APY = Annual Percentage Yield
Tiered Savings
A low-fee account with above-market interest.
- Low- to no-cost, dividend-paying account
- No opening deposit
- No minimum balance
- Check today's rates
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