This disclosure explains how your Health Savings Account works, including how interest is earned and what fees may apply. Your account earns interest based on your balance, with higher balances qualifying for better rates. Some services, such as online account access and electronic statements, are included at no cost, while others – like investment options, wire transfers, and account closure – may incur fees. These fees can change, and some may be covered by your employer or plan provider.
Your HSA deposit account is insured when held at participating banks, but investment accounts are not insured and may fluctuate in value. Interest is calculated daily and posted monthly, and there are no minimum deposit requirements. Overdraft fees apply only to certain types of transactions, and there are clear rules for how interest is handled if you close your account during the month.
For more details, you can contact DataPath Financial Services or review the full terms and conditions. Understanding your account’s features, fee schedule, and interest calculation helps you make the most of your HSA benefits and avoid unnecessary charges.