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Section 125 Plans

HEALTH SAVINGS ACCOUNT

Schedule of Interest & Charges

Effective March 15, 2013

 

  

Interest Rates

 

Health Savings Accounts

Interest Rate

Annual Percentage Yield (APY)

Minimum daily balance

 to earn APY1

 

.05%

.05%

$1,000 - $4,999.99

 

.10%

.10%

$5,000 - $14,999.99

 

.15%

.15%

$15,000 and up

 

Fees

Banking Services

Cost

Set Up Fee

$15.00

Annual Fee

$0.00

Minimum Balance Fee
(waived for balance of over $1,000)

 $2.002

Checks

$12.00

 ATM POS Activity Charge-per item

(Charge imposed when the Debit Card is used to purchase merchandise at a store. 
This is considered a Point of Sale (POS) transaction.)

 $0.35

Closing Fee

$25.00

Excess contribution distribution

$25.00

Corrected IRS filing fee
(non-banking error)

$25.00


  Interest rate is subject to change. Interest is compounded and credited monthly. Fees may reduce earnings.

 

    1Minimum daily balance is the amount of principal in the account each day.

    2 Minimum Balance Fee (for falling below minimum average monthly balance of $1,000-per month).

 

 

Guilford Savings Bank
P.O. Box 369
Guilford, CT 06437
203-453-2721

 

Information on this website is provided by HSA Clearing Corp. 
Guilford Savings Bank is not responsible for its accuracy or its content.

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