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Saving Money in My HSA

HSA Categories -> Saving Money in My HSA -> Does my HSA accrue interest like a regular savings account?
QUESTION:

Does my HSA accrue interest like a regular savings account?

ANSWER:

Yes. HSAs are interest-bearing accounts, so any money you don't use will continue to accrue interest, similar to a savings account. Check with your HSA provider for details. Any interest accrued is also exempt from federal taxes and most state taxes*.

*New Hampshire and Tennessee do not exempt state earnings within an HSA.

 


AZ-PROD-WEB02 11/21/2017 4:11:22 AM