Minimum Balance RequirementNone
Minimum Balance to OpenNone
Interest CompoundedDaily
Interest CreditedMonthly
ATM CardNo
Debit CardYes
A Health Savings Account (HSA) is a tax-exempt account created for purpose of paying or reimbursing qualified medical expenses for you, your spouse and your dependents. Contributions to an HSA are tax deductible, the earnings grow tax deferred and distributions to pay or reimburse qualified medical expenses are tax free.

Qualified account holders must be covered under a high-deductible insurance plan and not covered by any other health plan, not enrolled in Medicare and cannot be claimed as a dependent on someone else’s tax return.

Clay County Savings Bank offers HSA accounts for individuals and employers. For more information, contact us at (816) 781-4500.

BalanceInterest RateAverage Percentage Yield (APY)
$1,000.00 to $9,999.990.10%0.10%
$10,000.00 to $25,000.000.15%0.15%
$25,000.01 and over0.20%0.20%
Interest rates and annual percentage yields quoted above are as of November 28, 2022, and are subject to change without notice. Please call Clay County Savings Bank's rate line, (816) 407-4099, for current interest rates on deposits.