Health Savings Accounts

Did you know you could put aside funds, pre-tax, to offset your high-deductible health coverage?

Diamond has several Health Savings Accounts (HSAs) designed to best fit your needs. Health Savings Accounts were created by Congress to combat rising medical costs by providing an incentive for more consumers to pay “first-dollar” medical expenses. HSAs, first available in 2004, are tax-favored accounts designed to help individuals who are covered by high deductible health plans pay medical expenses for themselves, their spouses, and their dependents.

As a member, you have several options of Health Savings Accounts available to you:

  • Standard Checking Account with debit card access and check writing privileges.
  • Money Market Account with a tiered rate structure (minimum $1000 to earn interest).
  • Share Certificates with 6 month, 1-, 3-, and 5-year terms and $1000 to open.

All accounts offer Netbranch Online BankingTelebranch, and Bill Payer services.

Health Savings AccountsDeposit Disclosure

Health Savings Checking no minimum
Health Savings Money Market $10,000 and up
.35% APY
$2,500 to $9,999 min
.20% APY
$1,000 to $2,499 min
.125% APY
Health Savings Share Certificates
26 week $1,000 min
1.50% APY
12 month $1,000 min
1.80% APY
36 month $1,000 min
2.10% APY
60 month $1,000 min
2.30% APY

Need more information?

Contact a Diamond representative during normal business hours. Locations/Hours