Health Savings Accounts
Earn Interest on your HSA
Interest Rate | Annual Percentage Yield | Tiers | |
|---|---|---|---|
0.35% | 0.35% | $0.00 - $4,999.99 | |
1.25% | 1.26% | $5,000 - $24,999.99 | |
2.50% | 2.53% | $25,000 and over | |
effective as of 10/27/2026 |
- HSAs (Health Savings Accounts) are designed to offset the cost for High Deductible Health Plans.
- Your HSA with The Peoples Bank Co. earns interest tiered according to the balance of the account.
- It rolls over year after year and is portable – travels with you if you change jobs.
Triple the Tax Benefits
- Pre-tax money deposited straight from your paycheck
- Interest accumulated in your HSA is tax-free
- Money withdrawn from your HSA for qualified medical expenses is not taxed
No service charges. Interest compounds daily and is credited to the account monthly.
Interest rates and annual percentage yields (APY) indicated are effective as of the date at the bottom of this page. The accounts pay interest for all tiers at a variable rate that may change at any time after the account is opened. Fees may reduce earnings on the account.
The Peoples Bank Co. may periodically change fees/service charges and balance requirements. The fees/service charges and balance requirements displayed for these accounts are those in effect today. Please refer to the Disclosures if applicable, any amendments that you will receive when you apply for an Account in person for specific fees/service charges, balance requirements, any anticipated changes and all other account information. Please note that if the fees/service charges and balance requirements displayed differ from those in the Disclosures, those in the Disclosures will apply.
Additional Disclosures: The Peoples Bank Co. does not provide tax or accounting advice. Please consult an accountant or tax advisor for professional advice on these areas. For a complete list of qualified medical expenses, please visit www.irs.gov. Deposit balances are insured up to the maximum amount permitted by law. Please see www.fdic.gov for insurance coverage. The Peoples Bank Co. reserves the right to refuse any deposit.