Unlock Triple Tax Advantages with a Health Savings Account at Reliabank
Smart Savings. Smart Healthcare. Smart You.
When it comes to saving for future healthcare expenses, few tools are as powerful—or as underutilized—as the Health Savings Account (HSA). Whether you’re an individual looking to build a cushion for medical expenses or a family planning for long-term wellness, an HSA offers triple tax advantages that can help you keep more of your hard-earned money while preparing for the unexpected.
At Reliabank, we’re proud to offer HSAs that do more than just help you save—they help your money grow. With competitive interest rates and unmatched personal service, we make it easy to take control of your healthcare finances.
*Eligibility is limited to individuals enrolled in a high-deductible health plan (HDHP).
What Makes HSAs So Powerful?
Let’s break down the three key tax advantages that make Health Savings Accounts a smart financial strategy:
1. Tax-Deductible Contributions
Money you deposit into your HSA is tax-deductible, which means it reduces your taxable income. For 2025, individuals can contribute up to $4,150, and families up to $8,300. That’s a substantial reduction in your tax burden—just for saving toward your own well-being.
2. Tax-Free Growth
Your HSA balance earns interest, and at Reliabank, it earns well. With rates as high as 2.00% APY on balances of $50,000 and up, your money doesn’t just sit—it works for you. And the best part? That growth is completely tax-free.
3. Tax-Free Withdrawals for Qualified Medical Expenses
When you use HSA funds for eligible medical costs, like doctor visits, prescriptions, or dental work, those withdrawals are 100% tax-free. That’s right—you never pay taxes on that money, as long as it’s used for qualifying health expenses.
4. Reliabank – Current HSA Rates
APYs accurate as of April 2025. Rates may change after the account is opened. Fees may reduce earnings. Provided internally:
- Balances under $50,000: 0.55% – 0.55% APY
- Balances $50,000+: 1.99% – 2.00% APY
That’s more than many traditional savings accounts—without giving up accessibility.
Why Open an HSA with Reliabank?
We know you have choices—but here’s what sets us apart:
- Locally Owned, Personally Invested – We’re based right here in South Dakota and committed to our communities.
- Competitive Rates – Earn more while saving smarter.
- Easy Access – Manage your HSA online, in person, or by phone—your health, your way.
- Trusted Guidance – Our experienced bankers can help you set up your HSA and explain your options.
Start Saving Smarter Today
A Health Savings Account isn’t just a place to park your money—it’s a strategic financial tool with triple tax benefits and long-term potential. If you’re enrolled in a high-deductible health plan, you may qualify.
Visit any Reliabank location or contact your nearest branch to open your HSA today. Your health and your financial future deserve nothing less.
Please consult your tax advisor for advice on the use of an HSA to obtain tax benefits.
Disclosure
*Eligibility is limited to individuals enrolled in a high-deductible health plan (HDHP).
Interest Rates and Annual Percentage Yields (APYs):
Balances of $0–$49,999.99: Interest Rate – 0.55%, APY – 0.55%
Balances of $50,000.00 and above: Interest Rate – 1.99%, APY – 2.00%
APYs accurate as of May 15, 2025. Rates may change after the account is opened.
A $25 annual fee applies. Fees may reduce earnings.
Please consult your tax advisor for advice on the use of a Health Savings Account (HSA) to obtain tax benefits.