Phishing Scam

A scam is currently circulating involving a phone caller that claims your ATM card has been blocked and asking you to press 1 to restore service. These calls are a scam and neither HomeFed or Bank of the Cascades would contact you in this manner. If you've given out your card information, please contact us at 1-800-888-7283.

Home Federal Bank

Health Savings Accounts

Health Savings Accounts (HSAs) are designed as a tax-advantaged way for you to put aside funds for medical costs. They work hand-in-hand with high deductible health plans (HDHPs), which typically offer significantly lower premiums than more traditional plans. The result is more affordable health care premiums and a reduction in your taxable income (please consult a tax advisor for details).

HomeFed has been committed to HSAs since day one and our passionate expertise has led to one of the best HSA products in the country. From the grassroots level, HomeFed knows HSAs are a great way to both pay for health care and save money.

Questions? Contact us to learn more or view documents, forms and other resources that may be helpful, including our HSA Informational Brochure.

Service Fee
Basic: $0 per month

Select: $10 per month
Minimum Balance
Basic: No minimum balance requirement to avoid monthly service fee

Select: $10,000 minimum daily balance to avoid monthly service fee
Annual Maintenance Fee
Earns Interest
Yes (see "Rates" tab for details)
Minimum To Open
Minimum Balance to Obtain APY Compound Method APY
HSA Basic $500-$999 Monthly 0.03%
$1,000-$2,499 Monthly 0.03%
$2,500+ Monthly 0.08%
HSA Select $500-$999 Monthly 0.03%
$1,000-$2,499 Monthly 0.03%
$2,500-$4,999 Monthly 0.03%
$5,000-$9,999 Monthly 0.03%
$10,000-$14,999 Monthly 0.08%
$15,000-$24,999 Monthly 0.08%
$25,000+ Monthly 0.08%
View Disclosure

Effective date: 4/23/2014

Annual Percentage Yield (APY) is accurate as of effective date shown above and  is subject to change without notice.

HSA Basic and Select
Minimum opening deposit is $50. APY is variable and may change after account opening. Fees may reduce earnings. Transaction limitations may apply.

Note: the combined total of all contributions to health savings accounts may not exceed annual IRS contribution limits. For more detailed information about Health Savings Accounts, please refer to IRS Publication 969 titled, “HSA and other Tax Favored Health Plans,” and IRS Publication 502 titled, “Medical and Dental Expenses,” which may be found online at Please consult a tax professional for information regarding your personal situation.

  • Contributions to your HSA, as well as any earnings, may have tax advantages.
  • If you don’t use your contributions by year-end, they roll over to the next calendar year and your HSA increases in value (no “use it or lose it”).
  • Until you’re 65, use your HSA balance to pay eligible medical expenses; once you turn 65, the accumulated funds can be used for any reason, just like an IRA.
  • Your funds are easily accessible since your HSA account works just like a checking account: write checks, use your Check Card, make unlimited withdrawals for eligible medical expenses.

 You are an eligible individual for any month if you:

  • Are covered under a qualified, high deductible health plan (HDHP) on the first day of such month
  • Are not also covered by any other health plan that is not an HDHP (with limited exceptions)
  • Are not enrolled in Medicare
  • Are not eligible for Medicare (age 65+), or if eligible, cannot be enrolled in Part A, B or D
  • Are not able to be claimed as a dependent on another person's tax return

Contribution Limits

Contribution limits are determined by:

  • Statutory annual limit set by the Internal Revenue Service (IRS)
  • Type of coverage: individual or family
  • Age: if you are 55 or better, you may be eligible to make "catch-up" contributions

HSA Basic

Choose HSA Basic if you plan to use your HSA as a transaction account. With no monthly service fee, you'll pay just one low annual maintenance fee for all the benefits and features of this great account.

HSA Select

Choose HSA Select if you carry a high balance ($10,000 or more) and would like to earn a better return on your funds. You'll still enjoy all the same convenient access to your account while earning higher rates for your higher balances.

Please consult a tax advisor for details about tax advantages or implications that may apply to your personal situation. A monthly service fee applies to HSA Select if the minimum daily balance is not maintained. See Personal Account Fee Schedule for details.