Health Savings Account

BFG Federal Credit Union is pleased to offer a Health Savings Account (HSA)! Designed for covering qualified medical expenses, HSAs provide you with significant tax benefits* as an incentive to save.

3.50% APY†
High Yield
Earn a high 3.50% APY† and watch
your savings grow fast.

Tax Benefits
Eligible members enjoy the following advantages:

  • Annual contributions are deductible from federal taxes up to the maximum allowable amount.
  • Dividends earned are free from federal taxes.
  • Qualified withdrawals are free from federal income tax.
  • Some states allow tax deductibility and do not tax dividends earned. Consult your tax advisor for details.

Flexibility, Easy Access
Use funds to pay for qualified medical expenses when they occur. Plus, you can easily access the funds in your account with an HSA VISA Debit Card, HSA checks, online with Home Banking and Bill Payment or through your local branch.

Open an Account
Open an account by visiting a local branch or by calling 800-306-4400 EXT. 4126

* The information on this page is provided by BISYS Retirement Services and the IRS, and is not intended as tax advice. Please consult a tax professional.
† Annual Percentage Yield. Rate is 3.45%


    Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, A U.S. Government Agency
We Do Business in Accordance With the Federal Fair
Housing Law and the Equal Credit Opportunity Act.

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