Health Savings
By the numbers:
- $100
-
Minimum balance to open
- $3
-
Monthly service charge
- $3
-
Monthly paper statement fee (waived when enrolled in eStatements; statements include images)
- Includes
-
Interest earned on entire daily collected balance
Tiers:- $0–$2,499
- $2,500–$9,999
- $10,000–$24,999
- $25,000–$49,999
- $50,000–$99,999
- $100,000+
- Includes
-
Simmons Bank standard checks
- Includes
-
Subject to HSA eligibility. May provide tax benefits.
Perfect for the customer who:
- Wants a tax-advantaged way to save for qualified health expenses
- Wants to earn higher interest on higher balances
- Never forfeits their unused balance at end of year (like flex spend accounts)