Health Savings Accounts in Wisconsin & Minnesota

Health Savings Accounts (HSAs) are tax-advantaged accounts designed specifically for healthcare expenses, allowing you to save and pay for medical costs in a way that maximizes your financial benefits.

Health Savings Account (HSA) Features

Secure your future healthcare expenses with a Health Savings Account (HSA) from Forward Bank, available to residents in Wisconsin and Minnesota. This tax-advantaged savings account allows you to save and grow your funds for qualified medical expenses while benefiting from tax-free contributions, growth, and withdrawals. When a qualified medical payment is due, pay for it with the funds in your HSA account using your free debit card.

  • No minimum to open and no monthly fees: Open your account with no minimum balance and enjoy no monthly fees.
  • Tax-advantaged savings: Your contributions go in tax-free, grow tax-deferred, and withdrawals are tax-free for eligible expenses, allowing your savings to increase steadily with monthly posted interest and no minimum balance required to earn.
  • Unlimited transactions: Enjoy the freedom of unlimited transactions, so you can manage your business operations without worrying about additional costs or restrictions.
  • Free debit card: Access your funds easily and make purchases conveniently with a free debit card, giving you more flexibility in managing day-to-day expenses.
  • Digital banking access: Manage your savings anytime, anywhere with our online and mobile banking options.

Health Savings Account Interest Rates

Interest rates for Savings Accounts.
AccountMinimum to OpenInterest RateAPY**Minimum to Earn APY**
AccountHealth Savings Account*Minimum to Open$0Interest Rate0.05APY**0.05Minimum to Earn APY**$0
AccountHealth Savings Account*Minimum to Open$0Interest Rate0.05APY**0.05Minimum to Earn APY**$2,500

*Rates could change after account is opened. Rates are subject to change without advance notice.
**APY=Annual Percentage Yield. APY assumes interest is added to account.

Moving Your Savings Forward

Whether you’re looking to open a new Health Savings Account (HSA) or switch from your current one, our local team is here to guide you through the process, help you determine eligibility, and ensure you choose the right account to meet your healthcare savings needs.

Choose the Best Personal Savings Account for You

  • Statement Savings
  • Health Savings Account
  • IRA
  • Minimum to Open
  • Monthly Fee
  • Monthly Transactions
  • Interest Posted
  • Minimum Balance to Earn Interest
  • Debit Card
  • Digital Banking
  • Overdraft Protection

Frequently Asked Questions

Explore answers to some of the most common questions about health savings accounts.

More ways to move forward.

Insurance and Investment products are *Not FDIC Insured *No Bank Guarantee *May Lose Value *Not Insured by Any Federal Government Agency *Not a Deposit