Health Savings Account

Health Savings Accounts (HSAs) provide a tax-advantaged flexible way to help save for current and future medical expenses while earning interest.  You must be covered by a High Deductible Health Plan (HDHP) to have an HSA.  HDHPs are a type of health insurance that typically offer lower premiums and higher deductibles.

What are the features of our HSA?

  • $0 minimum opening deposit
  • Low $2 monthly service charge1
  • Free e-statements2
  • Free Health Savings Account debit card
  • Free use of People’s United Bank ATMs
  • Free People’s United Bank Online Banking and Bill Pay
  • Free Mobile Banking

Visit your local branch to learn more or to open an HSA.

Related Information


Disclaimer


1You will need to keep an Average Daily Balance of $1,000 or more in your Health Savings checking account in order to waive the $2 monthly service charge. The $2 monthly service charge will be waived if you are an owner of an open Advantage, Advantage Plus, Premier Advantage or Wealth Advantage Checking account regardless of the balance in your Health Savings Account. The monthly service charge will be waived if you are an employee of an employer enrolled in our WorkPlace Banking program and we have coded your account accordingly.

2A $2 monthly fee will be charged for receiving paper statements. This fee can be waived when you enroll for online statements only or if you are the owner of an open Advantage, Advantage Plus, Premier Advantage or Wealth Advantage Checking account. 

JOIN OUR NEWSLETTER