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Key Features

  • Tax Advantages
  • No Monthly Fees
  • No Minimum Balance


Pay for qualified medical expenses now and well into retirement with a smart account that stays with you, no matter your employer.

    • Greater personal control over healthcare management and expenses
    • Prepare for qualified medical expenses
    • Earn interest above standard savings on entire balance
    • Receive higher rates on larger deposits
    • An HSA provides triple tax savings:
      • Tax deductions when you contribute to your account
      • Tax-free earnings through investment
      • Tax-free withdrawals for qualified medical, dental, vision expenses, and more1
    • Contributions are tax-free and can be made by you, your employer, or a third party
    • Funds can be withdrawn at any time2
    • No monthly service fees
    • No minimum balance requirements
    • Unused funds remain in account year after year; no "use it or lose it" policy
    • Keep your HSA in your name, regardless of career or life changes
    • Easy ways to access your HSA funds:
      • Free HSA checks
      • Free HSA debit card
    • $50 minimum deposit to open


Most adults under 65 who are not enrolled in Medicare and are covered under a high-deductible health plan (HDHP) can qualify for an HSA, but it is up to the account holders to determine their own eligibility. Please contact your tax advisor for further eligibility requirements.


HSAs can be used as an additional option for retirement planning.

Because there is no use-it-or-lose-it requirement, unused balances can carry forward into retirement, tax free. A consumer can spend out of pocket for medical expenses while working, and save the balance in the HSA for retirement.

With a First Citizens Community Bank Health Savings Account, you can use checks and a MasterMoney debit card to pay providers or purchase qualified medical supplies.

In addition, contributions for the current year can be automatically transferred from your First Citizens checking account each month, or you can make the transfer yourself with our online banking and telephone banking services.

1Consult a tax advisor.

2You can withdraw funds at any time for any purpose. However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subject to a 10% penalty.