Health Savings Accounts (HSA)

Medical expenses can surprise us at any time, leaving us struggling to make ends meet. Health Savings Accounts (HSA) enable you to expect the unexpected and designate funds for medical-related payments and purchases.

We offer two types of investments within your HSA accounts: Demand Certificates and Term Certificates.

Demand Certificates (TAP)

Demand Certificates (TAP) are the most common investment for our HSAs due to the frequent transactions in these accounts. Demand Certificates give you easy access to add new investment dollars or redeem funds at any time without penalty. Learn More.

Investment BalanceRateAPY**
$5.00 – $10,0002.96%3.00%
$10,000.01 – $25,0003.11%3.15%
$25,000.01 – $50,0003.25%3.30%
$50,000.01 – $100,0003.45%3.50%
$100,000.01 – $500,0003.69%3.75%
$500,000.01+3.98%4.05%
Ministry Demand CertificatesReduced Interest RatesReduced APY
Demand Certificates are not available to WI residents. **Annual Percentage Yield as of 7.1.2024. Applies to interest accumulated monthly to the account.

Term Certificates (SICs)

Term Certificates (SIC) are also available for HSA investments. Term Certificates mean that you are committing to invest the original principal balance for the designated amount of time. You can choose investment terms from six months to five years (options below). Early redemption penalties apply. Learn More.

MinimumTermRateAPY*Penalty
$256 months3.49%3.55%90 Days of Interest
$251 year3.97%4.05%90 Days of Interest
$2515 months5.12%5.25%182 Days of Interest
$252 years4.21%4.30%90 Days of Interest
$253 years4.45%4.55%90 Days of Interest
$254 years4.69%4.80%90 Days of Interest
$255 years4.93%5.05%90 Days of Interest
*APY is the annual percentage yield, representing the effective rate of interest when all principal and interest payments are retained in the investment balance. Rate and APY as of 7/1/2024.

Learn More

Contact Sean Kleckner for more information.

skleckner@bicfoundation.org

(717) 796-4788 ext. 5429