Health Savings Accounts

Set aside funds for medical expenses while possibly reducing your taxable income too:)

Rates current as of December 1, 2022

Flexible, tax-deferred, no monthly fees

We provide flexible Health Savings Accounts (HSAs) that can help you plan and pay for current and future medical expenses. Once open, anyone can contribute to your account, including your employer and family members.

Always check with your tax advisor for complete details, however generally, earnings can be tax-deferred or tax-free if they are used to pay for medical expenses not covered by insurance.

How to get started

Open a term certificate account at any First Credit Union branch. Find a location near you. There is a one-time fee of $25 for each HSA opened.

Current Rates

Accumulation Accounts for IRA, HSA, and CESA

TermAPY*Min. Amount
7 Month CD Special3.05%
3.05%
3.05%
3.05%
$500
$1,000
$25,000
$50,000
1 year1.50%
1.55%
1.60%
$1,000
$25,000
$50,000
17 Month CD Special3.50%
3.50%
3.50%
3.50%
$500
$1,000
$25,000
$50,000
2 years1.60%
1.65%
1.70%
$1,000
$25,000
$50,000
3 years1.65%
1.70%
1.75%
$1,000
$25,000
$50,000
5 years 1.85%
1.90%
1.95%
$1,000
$25,000
$50,000
Accumulation Accounts1.11%$50,000

*APY = Annual Percentage Yield. Dividends are prospective. In case of early withdrawal or fees, earnings could be reduced. The rate, APY, and fee schedule may change at any time without notice. Other investments are also available. Call (480) 756-5500 for more information.

Early Withdrawal Penalty. We may impose a penalty if you withdraw from your account before the maturity date. Amount of Penalty. For all accounts, the amount of the early withdrawal penalty is equal to 1.00% of the certificate principal per year throughout the remaining term of the certificate. There is a minimum early withdrawal penalty of $25.00 and a maximum penalty of 2.00% of the principal balance if more than two (2) years of the certificate term remain.

To calculate the penalty, use the following formula: Principal Amount x .01 x Number of Days Remaining ÷ 365; If this amount is below $25.00, the penalty will be $25.00; If the period remaining exceeds 2 years, the number of remaining days will be capped at 730 days.

Accounts are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government by the National Credit Union Administration (NCUA), an agency of the U.S. Government. In addition, IRA funds are insured separately to $250,000 by the NCUA. A Penalty will be imposed for early withdrawal of all term share certificates.