- You are covered under a high deductible health plan
- You are not covered under a plan that is not a high deductible health plan
- You are not enrolled in Medicare
End of year (2025) interest tax statements (1099 & 1098) will be mailed no later than January 31, 2026. Business entities will not receive an interest-paid 1098, instead, an interest notice has been mailed out by 1-9-2026. Contact a personal banker or loan processor if you have additional questions.
To find interest in online banking: click on the account and scroll down to the "Interest" section. Find the "Paid last year" amount.
Health Savings Account (HSA)
Health Savings Accounts (HSAs) are an excellent way to save for medical expenses.
Contributions are tax-deductible and distributions are tax-free if used for a qualified medical expense.
HSA Features
Single plan allows you to contribute up to $4,400 to your HSA
Family plan allows you to contribute up to $8,750 to your HSA
If you are 55 or older, you can make an additional $1,000 "catch-up" contribution annually
Health Savings Account
$100 minimum to open account
Effective Date: January 23, 2026
| Deposit Amount | Interest Rate | APY* |
|---|---|---|
| $0 to $ 1,000 | 0.05% | 0.05% |
| $1,001 to $2,500 | 0.05% | 0.05% |
| $2,501 to $5,000 | 0.05% | 0.05% |
| $5,001 and above | 0.05% | 0.05% |
Please contact your Insurance Provider for more information on HSA's.
You must maintain the minimum daily balance to obtain the disclosed APY (Annual Percentage Yield). Luana Savings Bank reserves the right to change interest rates and terms without notice. You may incur a penalty for early withdrawal and fees may reduce earnings. Set up fees may apply.
FAQ
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