Farmers & Merchants State Bank, New York Mills, MN
A $25.00 opening fee isassessed on new HSAs.
First 50 checks are free; thereafter the cost of checks applies.
Early withdrawal penalty will be waived if over 59 1/2 years of age.If under age 59 1/2, IRS penalty may also apply.
Interest is compounded quarterly
$50 Transfer out fee may apply
Early withdrawal penalty will be waived if funds are used for qualified education expenses
Interest compounded monthly
Limits on number of automatic transactions (per Federal Regulations)
Check will be issued each year on October 31st for the account balance and mailed to the customer.
Interest compounded monthly.
HSAs are subject to all applicable IRS rules & regulations.
Interest is compounded monthly
*Annual Percentage Yield