Health Savings Accounts for Employees

Complete their benefits package with a Health Savings Account (HSA)

Keeping Employees in Mind

When you partner with WaterStone Bank, your employees save when they pay for health care services on a pre-tax basis with a qualifying High Deductible Health Plan (HDHP). Earn more with our new competitive rate structure.

Help Cover Healthcare Costs When They Need it

These benefits are great reasons why an HSA account can help today:

  • Lower overall health care costs
  • No annual fee
  • HSA funds roll over to the next calendar year
  • Increased savings power with tiered interest rates
  • Easy access with a HSA Debit Card with ScoreCard Rewards and unlimited check writing
  • View balances, make transfers and distributions on our Digital Banking app

Frequently Asked Questions

Those who are enrolled in a High Deductible Health Plan (HDHP) qualify for a Health Savings Account. Make sure your employees view their benefits package or talk with Human Resources to see if they qualify for an HSA today.

A Health Savings Account (HSA) is used to pay, on a tax-free basis, qualified medical expenses for the accountholder and their family who have a High Deductible Health Plan (HDHP). HSAs can provide significant tax benefits to eligible individuals relating to paying qualified medical expenses, and benefits similar to many tax-favored retirement plans.

They provide employees and their family security for future medical expenses. When they go through WaterStone Bank all of our HSAs include:

  • Convenient access with their Debit Card or checks
  • Competitive rates for enhanced savings potential
  • Easy automatic transfers so the money is available when they need it

For an employee to open an account, they can visit a branch near them, call Customer Service at 414.761.1000, or they can visit this link here for more information.

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‡Additional account required.

Minimum Balance to open all Checking accounts is $100.00. See account disclosure for more information.

^With 5 Debit Card purchases or more that have posted and settled to the checking account each statement cycle (ATM transactions do not qualify) or direct deposits of payroll or government benefits totaling $300.00 or more each statement cycle; otherwise a monthly usage fee of $10.00 will be imposed. A statement cycle may be from the 17th (a calendar day) of a month to the 16th (a calendar day) of the next month. To determine your statement cycle please ask your Personal Banker at the time of account opening.

^^With $1,000.00 average daily balance, or have $5,000.00 or more in average daily balances for the statement cycle of related accounts, or qualify to participate in the Classic Club, Charitable Checking, BRAVO, MVP or HERO Program; otherwise $25.00 monthly minimum balance fee will be imposed. A statement cycle may be from the 17th (a calendar day) of a month to the 16th (a calendar day) of the next month. To determine your statement cycle please ask your Personal Banker at the time of account opening.

*Subject to credit approval