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Prepare For The Unexpected

Health Savings Account (HSA)

A Health Savings Account, or HSA, is a tax-advantaged account designed to help individuals and families with high deductible health insurance plans save for their out-of-pocket medical expenses. Contributions to HSAs are tax-deductible, and withdrawals for qualified healthcare expenses are tax-free as well.

Account Features

  • Earn up to 5.05% APY*
  • No monthly service fee
  • No minimum balance required to maintain account
  • Online and Telephone banking
  • HSA checks and debit cards available

*Annual Percentage Yield (APY) effective 07/16/2024. Interest rates are tiered and based on account balances. Account balances $0.01 to $9,999.99 earn 4.53% APY, $10,000 to $29,999.99 earn 4.79% APY, and $30,000.00 and up earn 5.05% APY. Fees may reduce earnings. Rates subject to change. See your local Security First Bank for the most current rate and additional details. We recommend consulting with a tax or legal professional for guidance on tax implications as HSA accounts are subject to IRS requirements. The information on this page is not intended for tax or legal advice.

Eligibility for this account requires that you:

  • Have a high-deductible health plan of at least $1,600 for single coverage or $3,200 for a family as of 2024
  • Are not entitled to Medicare benefits
  • Cannot be claimed as a dependent on another individual’s tax return


You, your employer and your family members may contribute to this account, and expenses may be paid via check, HSA debit card or cash. As of 2024, you can contribute up to $4,150 for single coverage or up to $8,300 for family coverage annually.

How to open:

Please contact a Security First Bank customer service representative for more information or to open an account.

Make the Most Out of Your HSA:

Use our Health Savings Account Coach Session to help predict your out-of-pocket health care expenses and what you should contribute to your HSA.

Please note any link clicked on within the ‘Making the most out of your HSA or FSA Coach Session’, you are leaving This coach session is not indented as tax or legal advice. Although we provide this web link for your ease of access to information, we are not responsible for the overall content of sites not under our control, nor does our privacy policy extend to linked websites. As a reminder, email is not secure and confidential information should never be transmitted via email.