Health Savings Account

Health Savings Account*

Open an account today and enjoy these benefits of tax-advantaged medical savings:

  • No minimum opening deposit
  • Contributions are not subject to federal income tax
  • Funds roll over and accumulate year to year
  • Funds are used to pay for qualified medical expenses
  • No minimum balance required
  • No monthly service charge
  • Free Modern Woodmen Bank exclusive checks
  • Free online banking
  • Free mobile banking
  • Free MasterCard® debit card
  • Free debit card transactions
  • Rewards – Earn rewards points that you can exchange for a wide assortment of merchandise, travel, or gift cards through the ScoreCard® program
  • Free unlimited online bill payment
  • Free ACH transfers into and out of other financial institutions
  • Competitive interest rates
  • Interest earned daily, paid to your monthly

Apply Now

*Must be enrolled in a High Deductible Health Plan. All contributions and distributions are considered “Current Year”.