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The Itasca Bank & Trust Co. Health Savings Account (HSA)* is a tax-deductible custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses for you, your spouse and dependents.
What is a High Deductible Health Plan that would be eligible for Health Savings Account?
*Each depositor insured to at least $250,000.
| Balance | Rate | Annual Percentage Yield |
|---|---|---|
| $.01-$1,499.99 | 0.05% | 0.05% |
| $1,500.00-$9,999.99 | 0.20% | 0.20% |
| $10,000.00 and over | 0.45% | 0.45% |
All of the above Interest Rates and Annual Percentage Yields are accurate as of the date shown, subject to change without notice.
The disclosed Annual Percentage Yield assumes that interest will remain on deposit until maturity.
Fees or withdrawals of Interest will reduce earnings. There is a substantial penalty for the early withdrawal of a Certificate.
For more information regarding these rates, contact your Relationship Banker.
Choose from our value-added list of services to create an account that's right for you.
*Standard text messaging and data plan rates may apply.
There is a $10 monthly administration charge for all single relationship accounts; however, if the customer has other relationships with Itasca Bank & Trust Co., the fee will not be assessed.
Subsequent Deposits: We expect most accounts with recurring deposits will be funded via employer payroll deductions. Itasca Bank & Trust Co. offers full direct deposit capabilities, enabling these deposit transactions to be fully automated.
Taxable Withdrawals: Account-holders are required to request non-medical expense-related withdrawals using a special Withdrawal Request Document. As noted in the form, taxable withdrawals may be made either in person at Itasca Bank & Trust Co. or by mailing a completed Withdrawal Request Document to us at:
Health Savings Account Administrator
Itasca Bank & Trust Co.
308 W. Irving Park Rd.
Itasca, Illinois 60143
When sending an email to anyone at Itasca Bank & Trust Co., please do not include passwords, account numbers, or any other confidential financial or personal information.
For questions, additional information, or to open an HSA,
contact one of our Relationship Bankers at 630-773-0350.
