personal savings options / frost hsa account

Frost Health Savings Account

When medical expenses arise, you’ll be prepared.

A health savings account is a specially designed account for covering medical expenses. For most, contributions to an HSA come with tax benefits, making sudden expenses easier to manage.

In some cases, individuals open an HSA to supplement their employer-based insurance. Others have employer-sponsored Frost Health Savings Accounts.

Start saving today

Monthly Service Charge
  • $5.00
  • Options to waive monthly service charge:
    • Maintain a $3,000 minimum daily balance in this account
    • OR own a Frost Premium Account
Eligibility Requirements

If you meet all of this criteria, you may be eligible for an HSA:

  • Covered under a high-deductible health plan
  • Not covered by any other health plan
  • Not entitled to benefits under Medicare
  • Not listed as anyone’s dependent on a tax return

Plus, a Frost HSA requires a $50 minimum opening deposit.

Interest Rates
Annual Percentage Yield (APY)
0.08%
Annual Percentage Yield effective as of 07/21/2024. Fees could reduce the earnings on the account. The interest rate and annual percentage yield may change at any time at our discretion.
Additional Features

Contributions to a Health Savings Account may be tax-deductible and withdrawals used for qualified medical expenses are tax-free.** As of January 2024, you can contribute up to $4,150 annually if you're single or $8,300 as a family.

In addition, a Frost HSA features:

  • Three free check withdrawals per statement cycle ($5.00 each after that)
  • Unused balances automatically roll over from year to year
  • Transfers can be made from your checking account online and will be counted toward your current year contribution

Ready to open an HSA?

The team at your nearest Frost Financial Center will be glad to help.

FIND A LOCATION

Request a debit card.

To request a Frost Health Savings Account Debit Card, visit your nearest Frost Financial Center.
When you receive your card, activate it by calling (800) 252-5473.

We’re here to guide you

If you’d like to talk through the options, a Frost Banker is just a phone call away.