Health Savings Accounts

Cultivate savings to care for your health.

Take care of healthcare expenses with ease and confidence.

Corda Credit Union’s Health Savings Account (HSA) is a tax-exempt account1 where you can save money for medical expenses for you, your spouse, and your dependents. These funds can be used to pay for or reimburse you for qualified medical expenses from deductibles and co-payments, to some over-the-counter medications and out-of-pocket expenses.

Meet your financial wellness partner.

Completely free of monthly fees, our HSA allows you to:

Check

Write checks

A traditional and reliable way to pay for medical expenses directly from your account.

Debit or credit card

Use an HSA debit card

A hassle-free way to cover medical costs instantly, wherever you are.

Dollar Bills

Make cash withdrawals

Pay for medical expenses where cards aren’t accepted, ensuring you’re covered in any situation.

Percentage Sign with Down Arrow

Deduct expenses from your taxes

Contributions to an HSA can be fully deductible as the earnings grow tax-deferred and distributions are tax-free1.

Qualifications

You are eligible to contribute if you are covered by a high-deductible health plan (HDHP) and are not:

  • covered by other health insurance
  • enrolled in Medicare
  • claimed as a dependent on another person’s tax return

Guidelines & Options

If you are 55 or older by the end of your taxable year and not enrolled in Medicare, you are eligible for catch-up contributions. Learn more about how HDHP deductible minimums and contributions maximums apply.

Your HSA is completely portable

You keep your HSA even if you:

  • change jobs
  • change your medical coverage
  • move to another state
  • become unemployed
  • change your marital status

To sign up or for more information, please contact us.

Build dreams at great rates.

Health Savings Account

Balance

APY*

*APY = Annual Percentage Yield. Rates effective as of June 1, 2024. Rates are based on average daily balance. Rates may change without notice after account opening. Membership Savings account is required to obtain Corda Credit Union products. Any fees incurred could reduce earnings.

Balance

$0 – $499.99

APY*

0.00%

Balance

$500 – $999.99

APY*

0.20%

Balance

$1,000 – $9,999.99

APY*

0.40%

Balance

$10,000 – $49,999.99

APY*

0.60%

Balance

$50,000+

APY*

0.85%

Apply for a Health Savings account today.

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Disclosures

1Consult your tax advisor for additional tax information.