Health Savings Account (HSA)
Minimum balance to open the account – A minimum $100.00 deposit is required to open this account. There is
no limit to the number of checks paid from your account during the statement cycle. There is a minimum balance requirement of those funds necessary to pay for any administration or custodial fees. Images of your checks will be included with your statement.
|MasterCard Check Card||No Fee|
|Replacement for lost Check Card||$3.00|
|Convenience Checks at Account Opening||No Fee for 8 checks|
|Nonsufficient Funds (NSF) - each||$21.00|
|Stop Payment - each||$21.00|
|Outgoing (Foreign)||$15.00 plus correspondent bank charges|
|ATM cash withdrawal or transfer of funds||$1.00 Fee for each transaction at ATMs we do not own or operate.|
Rate Information – Your interest rate and annual percentage yield may change.
Frequency of rate changes – We may change the interest rate on your account at any time.
Determination of rate – At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency – Interest will be compounded and credited to your account every month.
Effect of closing an account - If you close your account in person or by mail through a bank employee, you will receive the accrued interest. If you close the account in any other manner, you will not receive the accrued interest. Bringing your account to a zero balance will be considered closing the account.
Minimum balance to open the account – You must deposit $100.00 to open this account.
Minimum balance to avoid imposition of fees – None
Daily balance computation method – We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on non-cash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
Fees - An excess distribution fee of $1.00 will be charged for each debit transaction (withdrawal, automatic transfer or payment out of this account) in excess of six during a statement cycle.
|Your HEALTH SAVINGS ACCOUNT
|Tier 1||If your daily balance is $0.00 to $1,999.99, the interest paid on the entire balance in your will be 0.25% with an annual percentage yield of 0.25%.|
|Tier 2||If you daily balance is $2,000.00 or greater, the interest paid on the entire balance in your account will be 0.55% with an annual percentage yield of 0.55%.|
FIRST NATIONAL BANK
Bastrop County’s Bank...Since 1889