Health Savings Accounts (HSA)

A Health Savings Account (HSA) helps those with a High Deductible Health Plan (HDHP) to take control of health care spending.


Pay less for out-of-pocket health care expenses with a Union Square Credit Union Health Savings Account (HSA). When health insurance isn’t enough or deductibles are high, an HSA can help. Pay for qualified medical expenses—deductibles, copays, coinsurance and more—with pre-tax dollars set-aside in a Health Savings Account.

Fees and charges: None

To learn more about Union Square Credit Union’s HSA products and eligibility, please call our Contact Center at (940) 720-8000 or visit any of our branches.

HSA Checking Rates

Rates effective as of May 1, 2024

Account Balance Dividend Rate APY
$0 to $5,000 0.15% 0.15%
Over $5,000 0.15% 0.15%

Annual Percentage Yield (APY) and dividend rates may change at any time as determined by Union Square Credit Union Board of Directors.

Compounding and crediting: Dividends are compounded and credited to accounts monthly.

Dividend period: The dividend period for an HSA checking account is monthly. The beginning of each dividend period is the first day of the month (e.g., January 1, February 1, etc.) and the final day of each dividend period is the last day of the month (e.g., January 31, February 28, etc.). The dividend declaration date follows the ending date of a dividend period (e.g., January 31, February 28, etc.) 

Accounts that are closed before the date that dividends are to be paid cannot receive accrued dividends. 

Daily balance computation method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on non-cash deposits: Dividends begin to accrue on the same business day non-cash items (e.g., checks) are deposited to an account.