Important Notice

  • Due to system maintenance, and Xpress Digital Banking will be unavailable beginning on Wednesday, August 12 at 11:30 p.m. until Thursday, August 13 at 12:30 a.m. We apologize for the inconvenience and thank you for your membership in Gesa Credit Union.

Health Savings Account (HSA)

Are you in a high deductible health plan and looking for a way to help pay your medical expenses? A health savings account can help you stay on top of health care costs while growing your savings. Gesa's Health Savings Account (HSA), is a no-fee, tax-advantaged* savings account that you can use to pay for a variety of health expenses for you, your spouse and your dependents. These funds can be used to pay or reimburse you for qualified medical expenses, from health insurance deductibles and co-payments to some over-the-counter medications and out-of-pocket expenses.

You can use your HSA to write checks, use your HSA debit card or make a cash withdrawal to cover qualified medical expenses. You can also view and complete transactions on your HSA in Gesa's Xpress Online or Mobile Banking, including contribution/distribution transfers and bill pay transactions. 

Call us at 888.946.4372 or stop by a Member Service Center near you for more information on HSAs.

*HSAs have some unique complexities - please consult with your accountant and/or tax advisor before setting up your HSA. GESA does not provide tax advice.

Health Savings Account Rates

Qualifying Account Balance APY*
$0 – $24,999.99 0.50%
$25,000.00+ 1.00%

* APY = Annual Percentage Yield. Rates, terms, and fees are subject to change. APY is accurate as of 8/1/2020, the last dividend declaration date.

Notes and Fees

Frequently Asked Questions

APY = Annual Percentage Yield. Rate may change after the account is opened. Dividends on Health Savings Accounts are calculated using the daily balance method. Dividends will be credited to the member's account every month. If you close your account before dividends are paid, you will not receive the accrued dividends. The minimum balance requirement to open an account is $100.00. No transaction limitations apply. Health Savings APY accurate as of 8/1/2020. Fees could reduce earnings on the accounts.