About
A high yielding account designed to pay for qualified medical expenses of the participant and his/her family members. Any individual, regardless of age or compensation, is eligible to participate if they are covered under a High Deductible Health Plan. Contributions are tax deductible and qualified medical expense distributions are tax free. Its very attractive interest rate and annual percentage yield (APY) are variable and subject to change without notice. Interest is calculated daily, then compounded and credited to your account monthly.
HSA Program Features
- FDIC or NCUA Insured:
- check
- Min Balance to Open:
- $0.00
- Features:
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- Debit Card
HSA Interest Rates
| $0 - $2,499.99 | 0.15% APY |
|---|---|
| $2,500 - $9,999.99 | 0.20% APY |
| $10,000 - $24,999.99 | 0.40% APY |
| $25,000 - $49,999.99 | 0.50% APY |
| $50,000+ | 0.60% APY |
Fees
| Monthly Maintenance Fee | $2.08* |
|---|---|
| Account Opening Fee | Unknown |
| Account Closing Fee | Unknown |
* Annual fee of $25
HSA Investment Options
Mutual Fund Platform:
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Self-Directed Brokerage:
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CDs:
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Other:
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Contact Information
General Information
| Website | Ultima Bank's HSA Website open_in_new |
|---|---|
| Address | 9 West Minnesota Avenue Winger, MN 56592 |
Customer Service
| Mailing Address | PO Box 9 Winger, MN 56592 |
|---|---|
| Phone Number | 218-938-4144 |