Health & Medical Savings Accounts

Sometimes life throws us a curveball, especially when it comes to health and medical needs. But if you save for medical expenses with an Idaho Central Health Savings Account or Idaho Medical Savings Account, you’ll be prepared to hit the ball out of the park!

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HEALTH & MEDICAL SAVINGS IS BEST IF:

You want to save for medical expenses.

Health Savings Accounts

Contribute to a Health Savings Account (HSA) to pay for current and future medical expenses. HSAs are designed for individuals with a “High Deductible Health Plan” (HDHP).

  • Tiered interest levels that increase as your balance increases
  • Five free withdrawals by check per month
  • Unlimited transaction with an Idaho Central HSA Visa Debit Card
  • Free automatic transfers

Minimum Balance to Open

$100

Minimum Balance to Earn Interest

$0.01

Monthly Service Fees

$2.50

Number of Withdrawals

5/month by check ($1 for each additional)
Unlimited with ICCU HSA Visa Debit Card

Idaho Medical Savings Account

Contribute to an Idaho Medical Savings Account (MSA) and pay for planned or unplanned medical expenses that may come up while earning a competitive interest rate. Contributions may be eligible for a State of Idaho tax deduction.

For more information, please check out the Idaho MSA on Idaho.gov.

  • Contribute up to $10,000 for a single person, or $20,000 for married couples filing jointly per calendar year
  • Earn interest, compounded monthly
  • Unspent money rolls over each year
  • Free automatic transfers

Withdrawals

  • Five free withdrawals by check per month
  • Unlimited transactions with an Idaho Central MSA Visa Debit Card
  • Tax-free withdrawals to pay for qualified medical expenses, including:
    • medical, vision, and dental expenses
    • health insurance and supplemental Medicare premiums and long-term care expenses
    • transportation to and from medical appointments

Minimum Balance to Open

$100

Minimum Balance to Earn Interest

$0.01

Monthly Service Fees

$5 if balance is less than $100

Number of Withdrawals

5/month by check ($1 for each additional)
Unlimited with ICCU MSA Visa Debit Card

ICCU Savings Benefits

Free Mobile Banking

You have all the tools you need to manage your accounts through the ICCU mobile app or on ICCU.com, anywhere, anytime. Check balances, transfer money, pay bills, set up alerts, and so much more.

Free Credit Score & Monitoring

My Credit is a free service powered by SavvyMoney® that helps you stay on top of your credit. Check your credit score, view your credit report, and get up-to-date credit monitoring notifications through ICCU mobile or online banking.

Free VideoChat

Bank face-to-face from anywhere in the world with a live service agent through ICCU’s VideoChat. Not only is it convenient, it’s secure and easy to use for account questions, opening a new account, applying for a loan, and much more!

NCUA Insured Up To $250,000

This means your financial resources are backed by the full faith and credit of the United States government — your money is secure with us!

Health Savings Account

Balance APY* Interest Rate
0-2,499 0.250% 0.249%
2,500-24,999 0.250% 0.249%
25,000+ 0.250% 0.249%

*APY – Annual Percentage Yield

Rates valid for Monday, December 11 2023

The interest rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Idaho Medical Savings Account

Balance APY* Interest Rate
0-2,499 0.250% 0.249%
2,500-24,999 0.250% 0.249%
25,000+ 0.250% 0.249%

*APY – Annual Percentage Yield

Rates valid for Monday, December 11 2023

The interest rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Become a Member

Idaho Central Credit Union was designed with one idea in mind, helping members achieve financial success. If you live or work in Idaho or Washington, chances are you can become a member of Idaho Central Credit Union.

Find Out How