HSA Change in Terms
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Please Note the following changes to the
Fifth Third Bank Health Savings Account (HSA)
The Fifth Third Bank HSA Cash Account and HSA Investment Cash Account are deposit accounts that are FDIC-insured up to the maximum amount permitted by law and earn competitive rates of interest. Any interest earned on contributions to an HSA accumulates tax-free.
As of May 1, 2010, the applicable interest rate to Health Savings Account (HSA) Cash Account deposits will be:
|
HSA Cash Account Daily Balance |
Interest Rate |
Annual Percentage Yield (APY) |
|
$0.01 - $2,000 |
.25% |
.25% APY |
|
$2,000.01 and up |
1.242% |
1.25% APY |
As of May 1, 2010, the applicable interest rate to Health Savings Account (HSA) Investment Cash Account deposits will be:
|
HSA Investment Cash Account Daily Balance |
Interest Rate |
Annual Percentage Yied (APY) |
|
$0.01 and up |
1.242% |
1.25% APY |
The Fifth Third Health Savings Account earns interest. The interest rate and annual percentage yield may change. At the bank’s discretion, the bank may change the interest rate and annual percentage yield at any time on your account. Your interest begins to accrue no later than the business day Fifth Third receives credit for the deposit of non-cash items (for example, checks). Interest on your account will be compounded continuously and credited monthly. Fifth Third uses the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the balance in your account each day. If an account is closed before accrued interest is credited, you will not receive any accrued interest.
No minimum balance required to open the account.
Annual Percentage Yield accurate as of date listed in Interest Information. Rates may change after the account is opened. Fees may reduce earnings
Fifth Third Bank, Member FDIC, Equal Housing Lender.
