What is a Simple Health Savings Account?
The Simple Health Savings Account (HSA) is designed to be just that: simple, inexpensive and easy to manage. It offers the features you want to conveniently pay for eligible medical expenses to manage your account, while paying interest on the balance.
With a Simple HSA, you can:
- Pay medical expenses with your HSA Debit MasterCard®
- Access your account online, 24/7 with Online Banking
- Keep track of your transactions
With a monthly direct deposit or by maintaining a minimum daily balance of $300 or more, there’s no monthly maintenance fee. Otherwise the fee is $5.
View Sandy Spring Bank’s HSA Rates
An HSA can only be opened in a branch or by phone 800.399.5919.