Providence Health Savings Account

Providence Health Savings provides a tax exempt custodial account established by each employee for the purpose of paying or reimbursing qualified medical expenses for him/her and his/her family. This account provides these advantages –

  • Easy access to funds for employee via an HSA Debit Card
  • NO monthly or yearly service fees
  • NO activity charges
  • Funds roll over from year to year if you don’t spend them
  • Compounded tiered interest paid monthly (higher balances
    earn a higher rate of interest)
  • Electronic Statement

Health Savings Account Rates

Rate Tier

Interest Rate

Annual Percentage Yield

$0.00 to $999.99

0.010 %

0.01 %

$1,000.00 to 4,999.99

0.400 %

0.40 %

$5,000.00 or more

0.750 %

0.75 %