• Setup Fee-There is a one-time setup fee of $25.00
• Rate Information-Your interest rate and annual percentage yield may change.
• Frequency of rate changes-We may change the interest rate on your account at any time.
• Determination of rate-At our discretion, we may change the interest rate on your account
• Compounding and crediting frequency-Interest will be compounded every month. Interest will be credited
to your account every month.
• Minimum balance to open the account-You must deposit $50.00 to open this account.
• Account Maintenance Fee-A maintenance fee of $3.00 will be imposed each month. This fee will be waived
if the balance in the account does not fall below $3,000.00 any day of the cycle.
• Minimum balance to obtain the annual percentage yield disclosed-You must maintain a minimum balance
of $500.00 in the account each day to obtain the disclosed annual percentage yield.
• Daily balance computation method-We us the daily balance method to calculate the interest on your
account. This method applies a daily periodic rate to the principal in the account each day.
• Accrual of interest on noncash deposits-Interest begins to accrue no later than the business day we
receive credit for the deposit of non-cash items (for example, checks).
• First Bank VISA Debit Card to pay for your health care expenses
• Fees are non-refundable. Make sure your insurance is in effect before submitting your HSA application.
• The interest rate is 1.00% with an annual percentage yield of 1.01%
