Health Savings Accounts

Worry-free, fee-free health savings account

Take the worry out of paying for healthcare expenses and save for your qualified medical costs with a First Internet Bank Health Savings Account (HSA). This tax-advantaged account can be used to pay for doctor visits, prescriptions, dental care and other eligible medical and healthcare expenses. You can also track your account balance and transaction history with free online and mobile banking. And it gives you peace of mind when you have more important things to think about — like your health.


Aside from making it less stressful to cover your medical expenses, our health savings account offers several advantages:

  • No monthly maintenance fee or minimum balance requirement
  • Contributions and interest earnings are tax-free
  • Funds are portable, so the money is yours even if you change employment
  • Pay with a free debit card, online bill pay or check

Talk to us about saving for your qualified medical expenses

Health Savings Accounts
Open an Account
Open with as little as $0
APY (Annual Percentage Yield) 0.15%
Monthly maintenance fee None
Minimum balance requirement None
Online and mobile banking Free, unlimited
Debit card Free

Rates last updated 9/15/2020. Rates are subject to change on any day and will be updated by 10:00 AM EST. Please be sure to check this page after 10:00 AM EST for the rate that will be honored today. Fees may reduce earnings on account. The period used to calculate average daily balance is monthly. For additional information, visit our Disclosures page.

To be eligible for a health savings account, you must be enrolled in a high-deductible health plan that meets IRS guidelines for the annual deductible and out-of-pocket maximum. Additional eligibility requirements and contribution limits apply.

2020 Eligibility Requirements and Contribution Limits

Individual Plan Family Plan
Minimum deductible $1,400 $2,800
Maximum out-of-pocket $6,900 $13,800
Contribution limit $3,550 $7,100
55+ contribution $1,000 $1,000

Are you a business owner, interested in providing health savings accounts to your employees?