Health Savings Account

Your health is a priority. Save with our Health Savings Account (HSA) for your current and future medical expenses like doctor visits and prescriptions.

Save for healthcare costs

Maximize your savings

Pay no annual fee, no setup fee and no minimum balance requirements. Plus, get a higher interest rate the more you save.

Uncover tax advantages

Earn interest with your HSA, tax-free. Get potential savings, such as tax deductible contributions.¹

Save for the unexpected

Help protect against high deductibles and unexpected medical expenses that aren't covered by your insurance plan.

How to qualify for an HSA

18 years of age or older
Covered under an HSA-qualified high-deductible health plan on the first day of any month
Not enrolled in Medicare

Not covered by any other health plan that's not a high-deductible health plan (except if plans provide certain types of limited coverage)
Not claimed as a dependent on someone else’s tax return

How to open an account

Apply at a banking center

To get started, you'll need your identification, such as driver's license, state ID, military ID or passport (US or other) and proof of address.

Ways to fund your account:

Deposit cash in branch
Transfer from an existing CIBC Bank USA account
Write a check from an external account

Maximize your contributions

For 2022, the maximum contribution is $3,650 for self-only coverage and $7,300 for family coverage.¹

For more information, call us at 877-448-6500 Opens your phone app. or visit a banking center.

Our accounts are FDIC-insured.

Your HSA questions answered

What is a high-deductible health plan?

What are the maximum HSA annual contributions?

When can I contribute to my HSA?

What happens to HSA funds if an account holder dies?

Can I have an authorized signer on my CIBC Bank U.S.A HSA Checking Account?

How many beneficiaries may I designate?

Connect with us

Call us at 877-448-6500

Visit a banking center

Email us