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Health Savings Account
Maximize Your Healthcare Savings
If you and your employees are on a high-deductible health insurance plan, do more with a health savings account (HSA) from Machias Savings Bank.
Some unique features of our HSAs for small business owners include:
1 A service charge fee of $5.00 will occur every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.
2 Checking account fees may apply and reduce earnings on the account.
3 Nonqualified uses of Health Savings Accounts are subject to taxation and penalties. Excess contribution amounts are not deductible and may be subject to tax penalties. Consult your tax advisor for more information.
Our non-interest-bearing checking accounts are an excellent tool for starting a new business or fostering growth in your current company.
With our Exceptional Business account, you will have a safe and secure place to grow your funds and help your business reach its potential.
Our Essential Business Fund account is a tiered interest-bearing savings account that gives you the option of not tying up your money for an extended period of time.
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