What is a Simple Health Savings Account?
The Simple Health Savings Account (HSA) is designed to be just that: simple, and inexpensive and easy to manage. It offers all the features you want to conveniently pay for eligible medical expenses and to manage your account, while paying interest on the balance.
With a Simple HSA, you can:
- Pay medical expenses with your HSA Debit MasterCard®
- Access your account online, 24/7 with Online Banking
- Keep track of your transactions
With a monthly direct deposit or a minimum daily balance of $300 or more, there’s no monthly maintenance fee.
View Sandy Spring Bank’s HSA Rates
HSA can only be opened in the branch or by phone
*All references to tax savings are at a federal level. State taxes vary. Please consult your tax adviser.