What is an HSA?

An HSA is a tax-advantaged savings account for people covered by a High Deductible Health Plan (HDHP) and can be used for qualified medical and dental expenses. Deposits, dividends and withdrawals are all federal-tax deductible.

Wondering how much you could save with an HSA? Use our calculator to find out.


Is an HSA with a high deductible plan right for me?

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
  • Interest: 0.05% to 0.15% APY2
    • 0.05% monthly interest on balances $0–$2,000
    • 0.10% monthly interest on balances $2,000.01–$3,500
    • 0.25% monthly interest on balances over $3,500.01
  • Free for Patelco Commitment Household Members
  • $2 monthly fee (Fee is waived for 1st year)

Patelco HSA benefits


Tax-free Interest Growth3

Tax-free Interest Growth3

Your interest earnings grow tax free, helping you save more.

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Credit Union

6,000 Shared Branches

6,000 Shared Branches

Find the branch nearest you

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30,000+ Free ATMs Nationwide

30,000+ Free ATMs Nationwide

Find the ATM location nearest you

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Overdraft Protection

Federally Insured Up to $250,000

Federally Insured Up to $250,000

Rest assured that your deposits are safe and secure

No penalty

Tax-Deductible Contributions

Tax-Deductible Contributions

Your HSA contributions are 100% deductible up to the legal limit

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No minimum balance

No Minimum Balance

No Minimum Balance

An easy way to make your hard earned money work harder

  1. Consult your tax professional
  2. APY = Annual Percentage Yield
  3. The information on this page is provided by Ascensus Inc. and the IRS and is not intended as tax advice. Some States do not provide tax benefits. Please consult a tax professional.

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Related Links

Why do I need an HSA?

Additional HSA Resources

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