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We often take our physical health for granted — until we get sick, that is. Make sure you’re covered in the event of a medical emergency or just for simple routine check-ups with a Health Savings Account (HSA) from F&M Bank.

You’ll earn tax-free interest on your balance and contributions may even be tax deductible*. And there’s no use-it-or-lose-it policy. Your money will remain yours throughout your life.

  • Tax-Advantaged, High-Interest Savings Account
  • Tiered Rates of Interest (Increases as Balance Rises)
  • No Minimum Balance Requirements
  • Contributions are Tax Free or Tax Deductible*
  • Interest Grows Tax Free
  • Withdrawals are Tax Free When Used for Qualified Medical Expenses**
  • Funds Rollover Year-to-Year Automatically
  • Easy Access to Funds by Check, Debit Card, Online, or In-Person
  • Free Starter Pack of Checks***
  • Free E-Statements or $3.00 Monthly Maintenance Fee for Paper Statement
  • Free Online Banking and Bill Pay
  • Free Mobile Banking
  • Free HSA Debit Card
  • $25.00 Minimum Deposit to Open

In order to be considered eligible for a Health Savings Account, you:

  • Must be Covered under a Qualified, High Deductible Health Plan
  • Must not have Coverage by Another Type of Health Plan
  • Cannot be Claimed as a Dependent on Another Person's Tax Return
  • Cannot be Enrolled in Medicare

*Consult a tax advisor.

**Withdrawals for non-qualified medical expenses are subject to income tax and a 10% penalty. The 10% penalty is waived for persons 65 and over or who have become disabled.

***Variety mini pack of checks provided at the bank's selection.

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