Health Savings Accounts

Having a hard time deciding how to plan for health care spending? We can help! F&M Bank offers an HSA - Health Savings Account that will allow you to manage your out-of-pocket health care costs and take control of your savings. 

Questions about Health Savings Accounts

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	Health Savings
Minimum Opening Balance	$100
Account Fees	$10 One-time Set Up Fee $10 Minimum Balance Fee Per Quarter Applies if the Average Daily Balance for the Quarter Falls Below $1,000 A $3 Paper Statement Fee is Assessed for Each Paper Statement Mailed Unless You Enroll in eStatements. $15 Early Closure Fee applies if the Account is Closed Within 90 Days of the Opening Date.
Tax-Exempt Custodial Account to Pay or Reimburse Certain Medical Expenses
Check Images Included With Quarterly Statement
Free Debit MasterCard®1
Free Debit Card Alerts2
ATM access with your linked F&M checking account’s Debit MasterCard®1
Free Online Banking3
Free Mobile Banking2
Free eStatements & eNotices
Interest	Competitive Variable Rate; Interest Accrues Daily and is Paid to the Account Quarterly
If the Account is Closed Before Interest is Paid, the Accrued Interest will not be Credited
Combined monthly statements

Some account features and benefits may be subject to separate application, agreement, and/or approval. Terms and Conditions may apply. Account features are subject to change with or without notice. For additional details, please refer to Service & Fees located at fmb.com/fees, or the agreement and disclosures provided at the time of account opening, or ask our office staff.