The minimum balance for the HSA High Yield Account is $2,500. If the balance falls below this at anytime, 0% interest will be earned until the minimum balance is once again attained. For any transactions involved with the HSA High Yield Account, a minimum $500 amount is required. This means that any withdrawal or deposit has to be at least $500 or more. Withdrawals are limited to 3 per month. Unlimited deposits of $500 or more are allowed. There is no penalty for closing a HSA High Yield Account; however, you must wait six months before re-opening.

Unlike our regular Share Accounts, you will earn daily interest, not dividends, which gives you the advantage of knowing your investment rate up front. Your account will earn interest as long as the minimum balance is maintained. The interest paid is calculated on your account balance each day and is compounded quarterly. Interest rates may change from time to time as determined by the Credit Union.

Opening an HSA High Yield Account can be initiated via any of the following methods:

• Call our Member Contact Center at (989) 835-7794 or (800) 835-7794 Monday through Friday between 7:00 a.m. and 6:00 p.m. ET.
• Visit our Account Services Department Monday through Friday between 7:30 a.m. and 5:30 p.m. ET

If you have any further comments or questions, please call our Member Contact Center at (989) 835-7794 or (800) 835-7794.

This information is not intended as tax advice. Please consult a tax professional regarding your specific circumstances.