HSA Checking

MINIMUM DEPOSIT TO OPEN	INTEREST EARNED	FEES
$50	Yes	Yes

Overview

A Health Savings Account, offered by CIBC Bank USA, is a tax-advantaged, interest-bearing checking account that you can use to pay for qualified medical expenses.

Key features

Earn a higher interest rate with a higher monthly account balance. No minimum balance requirements. Other benefits include:

The potential for tax-exempt contributions and interest¹
The potential for tax-free account balance growth¹
No annual fee
No setup fee
Balance carries over from year to year
First check order free²
Free check images on monthly statements
Access funds with special HSA checks, debit card or online through CIBC Netbanking

Interest earned

Yes, compounded and credited monthly.

Fees

Transaction fees include:

$35 fee to transfer funds to another bank
$10 per excess contribution
$10 per mistaken distribution

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