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Southern Heritage Bank is a division of FIRST CITIZENS NATIONAL BANK

Health Savings Account

A health savings account can help both you and your employees offset the high cost of healthcare. It also has tax advantages. You’re welcome!

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A Health Savings Account is designed for businesses that offer an HSA-qualified high deductible health plan (HDHP). An HSA is a tax-exempt account that can only be used to pay qualified medical expenses.
  • Tiered interest rates based on collected balances give the employee the ability to earn additional income
  • HSA funds are easily accessible with HSA checks or debit cards
  • Complimentary first order of HSA checks
  • Monthly statements with check images
  • Access account through First Citizens online banking and First Connection telephone banking
  • Tax advantages include:
    • Tax deductions for HSA contributions for employees
    • HSA earnings excluded from taxable income for employees
    • Tax-free withdrawals for qualified medical expenses for employees
  • Accumulated interest is tax-free or tax-deferred
  • All contributions made by employers are exempt from payroll taxes but are subject to W-2 reporting
  • Minimum opening deposit $100
  • Low monthly fee of $3
  • Interest earned on daily collected balances
  • Certain federal guidelines must be met to qualify for this account. Federal tax benefits are determined by IRS rules. Check with your tax advisor for state rules regarding HSAs.
  • Low monthly fee of $3

What our
customers say

A personal relationship with my bank is so important. I can depend on First Citizens to get things done.

– First Citizens National Bank customer