Mifflinburg Bank & Trust recognizes the impact of increasing costs of health insurance and health care. Our Health Savings Account is an interest bearing checking account available to business customers who have a high-deductible health care plan. Contributions are federally tax-deductible; while distributions are tax-free as long as they are used for qualified medical expenses. The interest on this account grows tax-free. Your fund balance will roll over from year to year. Features and benefits of the account include:
- No minimum initial deposit
- No minimum balance required
- No per check or per item fees
- No monthly service fee
- Interest earned on all balances
- Interest paid monthly
- May be opened as a Money Market Account
- FREE Checks (Select Styles)
- FREE ATM/Debit Card
- FREE e-statements or image statements and record keeping system
- FREE 24/7 telephone, on-line & ATM banking availability
- Direct Deposit is available
- Yearly contributions are limited to amount set by IRS and may exceed health plan's annual deductible
For complete details Contact Us Now at any of our office locations, or call toll free 1-888-966-MBTC (6282).
