Health Savings Account

Health Savings Account*

MWABank is no longer accepting applications for Health Savings Accounts
  • No minimum opening deposit
  • Claim a tax deduction on Contributions you make**
  • Contributions remain in your account until you use them
  • Distributions used to pay for qualified medical expenses may be tax free**
  • No minimum balance required
  • No monthly service charge
  • Free Modern Woodmen Bank HSA checks
  • Free online banking
  • Free mobile banking
  • Free MasterCard® debit card
  • Free debit card transactions for qualified medical expenses**
  • 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 for qualified medical expenses**
  • Competitive interest rates
  • Interest earned daily, paid to your account monthly
  • Interest earnings are tax free**


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

**Please visit or consult your tax advisor for specific questions regarding your taxes and pre-tax benefits on a Health Savings Account.