The best investment you can make for yourself is one that truly looks after your personal well-being. With a BankUnited Health Savings Account (HSA), you can contribute toward future medical expenses or use your funds for current medical expenses. Plus, you can take advantage of great benefits including favorable tax treatment.

With your Health Savings Account you can use the money in the account to pay for any qualified medical expense permitted under federal tax law.  This includes most medical care and services, dental and vision care and over-the-counter drugs such as aspirin. You can use the funds to pay for expenses of your spouse and dependent children even if they are not covered by your high-deductible health plan.

To learn more about Health Savings Accounts, click on the links below:

HSA ADVANTAGES

ARE YOU ELIGIBLE FOR AN HSA?

Call 1-877-779-BANK or visit your nearest BankUnited branch to apply.  Click here for locations.

This disclosure contains information about standard fees for your BankUnited Personal Health Savings Account. For other fees and rates, please visit your local BankUnited branch.

Minimum deposit to open account - $50

Annual fee - An annual maintenance fee will be charged in monthly installments - $3 per month, totaling $36 a year.

Minimum daily balance required to earn interest - None

Account Set-up Fee: $25. The fee will be waived if the customer or business has a relationship with BankUnited.

Monthly Maintenance fee - $3. The fee will be waived with balances of $300 or greater.

Compounding frequency – Compounded monthly and credited monthly.

Effect of closing account – An early closeout fee of $15 is charged if the account is closed within six months of the opening date. If you close your account before interest is credited you will not receive the accrued interest.

Standard service charges – Noted in the personal schedule of fees (uncollected, returned deposit, etc) will be assessed.

Daily balance computation method – We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Accrual of interest on noncash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items, such as checks.

The interest rates and the annual percentage yield for the account depend upon the daily collected balance in the account and the applicable rate tier.