Bank of Beaver
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(580) 625-4511

Health Savings NOW Account

A health savings NOW account is a tax favored account used to pay or reimburse qualified medical expenses.

Requirements

  • Must be an elgible individual to open the account
  • Must already have in place a qualified high deductible health plan
  • Maintain a $750 average daily balance during the statement cycle to avoid a monthly service charge and obtain the disclosed annual percentage yield
Benefits
  • No minimum balance to open
  • Pays a competitive rate of interest
  • Unlimited check writing
  • Free MasterCardĀ® debit card