This document tells you how your Health Savings Account (HSA) earns interest and what services and fees come with it. The amount of interest you earn depends on how much money is in your account. It also explains that some services like online access, monthly statements, and tax forms are free. 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 FDIC 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.