What are the rates and fees of an HSA?

Interest Rates & Annual Percentage Yield (APY)1

Daily Balance

Rate

APY

$0.00 - $500.00

0.00%

0.00%

$500.01 - $2500.00

0.09%

0.09%

$2500.01 - $5000.00

0.12%

0.1201%

$5000.01- $10000.00

0.15%

0.1501%

$10000.01+

0.25%

0.2502%

Fees

Service

Fees

Set-up Fee2 (one time or waived with electronic enrollment)

$10.00

Monthly Maintenance Fee3

$2.00

Withdrawal Processing Fee

Included

Manual Distribution Form

$10.00

Deposit Item Return, Excess Contribution Withdrawal, Mistaken Distribution Return, Stop Payment

$15.00

Investments (stocks, mutual funds)4

Included

Trade Fees

Included

Quarterly Statements

Included

Reissue of Reimbursement Check, Corrected IRS Filing Fee/copy, Rollover/Transfer, Wire Transfer, Account Closure, Research on Account/Debit Card Transactions

$25.00

Miscellaneous Fees5 (if applicable, fee is charged per transaction)

Per Transaction

 

1 This is a variable rate account. The interest rate is subject to change daily at our sole discretion. Your entire balance will earn the interest rate in effect for the balance associated with your daily balance. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest will be computed daily. This interest will then be compounded monthly and will be credited to your account within five business days after the previous month. If you close your account before interest is credited, you will not receive the accrued interest.

2 Set up fee can be submitted with the application or can be deducted from the first contribution to the account (Fees are an allowable tax free distribution from the HSA; however, you may not contribute funds above the annual contribution limits to cover fees.) If you signed up for the Health Savings Account through your employer or health plan, this fee may not apply.

3 Monthly maintenance fees will be deducted automatically from your HSA following set up of the account unless otherwise paid by you or paid by a third party. If you signed up for the HSA through your employer or health plan, this fee may not apply to your account as long as your employer or plan membership remains the same. Employees that terminate employment will be required to pay the current fee as outlined on americanfidelity.com.

4 Account funds over the minimum of $2,500 may be invested in a wide range of mutual funds. American Fidelity reserves the right to sell these funds if the HSA account does not have the funds to cover the monthly maintenance or other transaction fees.

5 All other fees will be deducted automatically from the HSA for each transaction unless otherwise paid by the account owner. American Fidelity may change the amount or type of any of the above fees or add additional fees at any time in accordance with the terms of the Custodial Agreement.

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