HSA & Club Accounts

Health Savings Account (HSA)       Health Savings Rates      Deluxe Check Reorder

A Health Savings Account (HSA) combines high deductible health insurance with a tax-favored savings account. Different from other benefit products, HSA’s roll over from year to year. There is no “use it or lose it”. Interest is paid, and it is owned by you, not your employer. Your HSA contributions can be used to pay for a wide range of eligible medical expenses not typically covered by low deductible health insurance or other healthcare accounts. 

Some Uses for your HSA
  • Standard medical services such as office visits and annual medical physicals
  • Prescriptions, health care products and some over-the-counter medicines
  • Preventive and restorative dental care, as well as orthodontia for children and adults

When you open an account, you’ll receive a FREE Watertown Savings Bank HSA Visa debit card that makes it easy for you to pay for qualified medical expenses. You have online access to account transactions, so keeping tabs on your medical spending is easy. Plus, the contributions you make to your account are tax-deductible while your earnings and qualified withdrawals are tax-free.

For more information about our Health Savings Account, contact or stop by any of our office locations and we would be happy to help you.

Health Savings Account
Interest Bearing
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Free Debit / ATM Card Checkmark icon
Free Checks
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Monthly Service Charges X icon
Annual Fees
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Set Up Fees / Service Charges X icon

Club Accounts                                            See Our Club Account Rates

Our Club Accounts run fifty-two (52) weeks and are issued as statement accounts only.

Opening Deposit Amount
$1.00 $1.00
Minimum Balance Required To Obtain APY*
$100.00 $100.00
Interest Bearing
Checkmark icon Checkmark icon
Direct Deposit Checkmark icon Checkmark icon
Monthly Service Charges X icon
X icon
Debit / ATM Card
X icon
X icon

*APY = Annual Percentage Yield.        
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Watch Your Savings Grow With Spare Change

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