Health Savings Accounts

HSAs

Health Savings Account benefits

Save money tax-free* for qualified medical expenses

  • No initial deposit. No minimum balance. No account maintenance or transaction fees. No annual fee.
  • Your account stays with you — wherever you work and after you retire
  • Free Visa® HSA debit card
  • Competitive dividends - dividends paid monthly for accounts with no minimum balance
  • Our mobile app gives you access to your SRI Federal Credit Union Account in the palm of your hand.

Am I eligible for a HSA?

Answer these questions to determine your eligibility:

  • Are you at least 18 years old?
  • Are you covered by a qualified High Deductible Health Plan?
  • Do you have an HSA account at another financial institution but are not covered currently by a High Deductible Health Plan?
  • Are you covered by another healthcare plan? If yes, you may not be eligible to contribute to a HSA.
  • Are you enrolled in Medicare? If yes, you may not be eligible for HSA contributions.
  • Have you received VA medical services within the previous three months? If yes, you may not be eligible for HSA contributions.
  • Are you claimed as a dependent on someone else's tax return? If yes, you may not be eligible for HSA contributions.

Setting up a SRI Federal Credit Union HSA

Four steps to get started

  1. Verify HSA eligibility
  2. Calculate how much you are eligible to contribute monthly to your account.
  3. Fill out an HSA application. Stop by our office at the Menlo Park campus, call 800-986-3669 or email cu@sri.com
  4. Fund the HSA by direct deposit, check deposit or transfer from an SRIFCU account

First eligible date for funding is January 1, 2016

*The money that you contribute to a HSA can be deducted from your federal taxes each year (up to the IRS limits).

HSA Savings Rates

HSA Savings RatesAPY APYE
1.00%1.00%
Rates effective as of 07-01-2017
APY Annual Percentage Yield
APYE Annual Percentage Yield Earned

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