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The State Bank of Richmond now offers Health Savings Accounts to eligible individuals that carry a high deductible health plan, or to an Employer for their employees. Some of the features include:

  • No set-up fee
  • No minimum balance
  • Annual fee of $20.00
  • Daily interest, paid monthly
  • Free checks
  • Rate subject to change monthly
  • Tax deductible contributions
  • Distributions are non-taxable for qualified medical expenses
  • Can be employer sponsored

Contact us at 320-597-2145 for more information.



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State Bank of Richmond
Richmond, Minnesota
 
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