A Health Savings Account (HSA) is a type of personal savings account for those with qualified high-deductible health insurance plans (HDHP) to help cover out-of-pocket medical expenses like doctor visits, dental or vision needs and prescription medications. In HSA’s, the money contributed into the account is tax deductible, grows tax free, and certain withdrawals are tax free if they are for qualified medical expenses.

  • Minimum opening balance
  • Tiered interest paid monthly on collected balances over $1000
  • Complimentary Online Banking
  • Complimentary Bill Pay
  • Complimentary MasterCard Check Card with access to all Commercial Bank and First Tennessee ATM's at no charge
  • Contributions may be made up to maximum amount annually
  • Unlimited withdrawals for qualifying medical expenses
  • Ability to make "catch-up" contributions of the maximum amount for individuals age 55-65
  • Detailed monthly statement
  • Monthly maintenance fee
  • Withdrawals for non-medical purposes are subject to tax (unless 65 yrs old or disabled)
  • FDIC Insurance
Commercial Bank Swoosh