Welcome to the new Monterra Credit Union website
We’re ready to improve your banking experience with our new and improved website. Take a tour to see what changes have been made and where you can find the products that you’re most interested in.
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Health Savings
Rates as high as
0.25
% APY*
Save now for future medical expenses¹
Saving money with a Health Savings Account (HSA) is easy and offers peace of mind knowing you're prepared for unexpected medical expenses.
Save for future health care costs
Your contributions are pre-tax, like a 401(k)
Investment gains inside the HSA are not taxable
Withdrawals are not taxed, if used to pay for qualified medical expenses
Access money through a special HSA Visa® Debit Card or checks
Any unused funds always stay in your account
Health Savings Accounts grow at a competitive rate
You're eligible to open a Monterra Credit Union HSA if:
- You're covered under a high-deductible health plan (HDHP)
- You're not covered by any other health insurance plan
- You're not enrolled in Medicare
- You're not a dependent on another individual's tax return
*Deposit rates and annual percentage yields (APY) are effective 08/25/2023 unless otherwise noted and subject to change at any time. Unless otherwise noted, dividend-bearing accounts have variable rates subject to change at any time after the account is opened.
Monterra Credit Union’s custodial charge for a Health Savings Account (HSA) is $15 annually and there is a $100 minimum balance to open the account and to earn interest. Health Savings Account owners are responsible for determining their eligibility, contribution limits, and whether distributions are made for qualified medical expenses. Full account details are available at the U.S. Treasury Department website at treasury.gov.
¹For specific tax advice, please consult a qualified tax professional.
An HSA cannot be used to pay for some types of healthcare costs (see IRS Publication 969)
Looking for a credit card that gives you more?
Enjoy premium benefits and added rewards.
Purchase Loans
Want a customized mortgage with competitive rates and local service? Unlock the door to your dream home.
Invested in you.
We invest in the success of people and our community by:
- Giving back
- Making things easier
- Committing ourselves to our members' potential
