Farmers State Bank developed a Health Savings Account that's right for you.

As healthcare costs are continually rising, you can have the peace of mind knowing that Farmers State Bank can help maximize your benefits and reduce your costs as a custodian for your Health Savings Account (HSA).


What is a Health Savings Account?

A Health Savings Account (HSA) is a deposit account created to help eligible individuals with a High Deductible Health Plan (HDHP) meet rising health care costs by saving for qualified medical expenses in a tax-deferred account.

A HDHP is a health insurance plan that generally offers lower premiums in exchange for a higher deductible.


Advantages of HSAs

  • Ownership and control of account; even if contributions are made by your employer
  • Tax-advantaged contributions, earnings and withdrawals for qualified expenses*
  • Funds roll over from year to year; no need to worry about using up the balance by year’s end


Our HSAs are Easy to Setup, Access and Maintain

  • Low minimum deposit to open account
  • Low monthly maintenance fee
  • No transaction fees
  • Tiered interest rates starting at minimum balance of $1,000
  • Free FSB MasterCard® HSA Debit Card

Health Savings Account Features

  • $20.00 setup fee
  • Free FSB MasterCard® Debit Card
  • Free FSB Online Banking, including online statements and check images
  • No transaction fees
  • Monthly account statements
  • $50.00 opening deposit required
  • $3 monthly fee if balance fall below balance of $2,500
  • Access to your account at convenient Farmers State Bank locations and ATMs

*Consult your tax adviser about the tax benefits applicable to Health Savings Accounts.
*10.00 fee for 25 checks.
*Variable rates may change after account opening.


Health Savings Account FAQ