Health Savings Accounts
Save Money, Pre-Tax, to Offset High-Deductible Health Insurance
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.
- A 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.
Health Savings AccountDeposit Disclosure
|Health Savings Checking||no minimum||n/a|
|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||2.20% APY|
Need more information?
Contact a Diamond representative during normal business hours.