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Health Savings Accounts

Quick Links

Apply Now (Indiana Resident)
Apply Now (Not an Indiana Resident)

Do You Have a High Deductible Health Insurance Plan?

Enroll in our HSA Checking account to take advantage of tax-free savings for current and future medical expenses.

Benefits

  • Contributions are tax deductible
  • Account earnings and withdrawals used to pay for qualified medical expenses are not taxed
  • Money put into an HSA can accumulate from year to year
  • Money in the account can be used to pay for medical expenses for the account holder, his or her spouse or dependent children even if they are not covered under the high deductible health plan

Qualifications

  • Must have a qualified high-deductible health plan
  • No other first-dollar medical coverage is allowed although supplemental insurance is permitted
  • Cannot be enrolled in Medicare
  • Cannot be claimed as a dependent on a tax return

Details

  • No minimum to open
  • No monthly maintenance fee
  • Unlimited check writing
  • Free eStatement ($6 for paper statement)
  • Debit card, Lake City Bank Digital

Interest Rates and Tiers

  • 0.05% APY1paid on balances from $1 to $999
  • 0.10% APY1 paid on balances from $1,000 to $4,999
  • 0.15% APY1 paid on balances from $5,000 to $14,999
  • 0.20% APY1 paid on balances from $15,000 to $49,999
  • 0.25% APY1 paid on balances of $50,000 or more

Earn More Interest with an HSA Certificate of Deposit

Take advantage of higher rates by choosing to transfer excess funds in your HSA Checking account to an HSA CD. Choose the rate and term that works best for you. Some restrictions apply to all of our CDs. A penalty for early withdrawals applies as well. Learn more about our HSA CD options.

Maximum Contributions – 2026

  • $4,400 for 2026 if you have individual coverage
  • $8,750 for 2026 if you have family coverage

Individuals age 55 and older can also make a $1,000 catch-up contribution. In order to contribute the catch-up contribution individuals must have their own HSA (an individual may not put a catch-up contribution in an HSA titled in a spouse’s name).

Maximum Contributions – 2027

  • $4,500 for 2027 if you have individual coverage
  • $9,000 for 2027 if you have family coverage

Individuals age 55 and older can also make a $1,000 catch-up contribution. In order to contribute the catch-up contribution individuals must have their own HSA (an individual may not put a catch-up contribution in an HSA titled in a spouse’s name).

Qualified Medical Expenses

An individual can use the money in the account to pay for any qualified medical expense permitted under federal law (See IRS Publication 502), including:

  • Medical care and services
  • Dental and vision care
  • Over-the-counter medications that are covered with a doctor’s prescription

Call our One Call Center at (888) 522‑2265 for more information, or drop in one of our branch locations for more information or to open an account. Or, just apply now:

Apply Now (Indiana Resident)
Apply Now (Not an Indiana Resident)

1APY = Annual Percentage Yield. Quoted APY is accurate as of September 15, 2026. APY is subject to change without notice at any time including after account opening. Fees may reduce earnings. For more information call (888) 522‑2265

Put Your Home’s Equity to Work

Lock in a portion of your Home Equity Line of Credit with a five-year Fixed Rate Lock at 5.74% APR* — perfect for renovations, debt consolidation, or a big purchase.
Learn More

NMLS #431669.
*All loans are subject to credit approval.
Member FDIC

Bank Anywhere, Anytime

Lake City Bank Digital puts your accounts, transfers, and financial tools all in one secure app — so managing your money is simple, fast, and always within reach.
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A Little Extra Cash,
When You Need It

Lake City Bank Cash Line* helps you cover unexpected expenses, avoid overdrafts, and manage your money with a flexible line of credit.
Learn More

*All loans are subject to credit approval.

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