Rates 
Rate Information: This account is an interest bearing account. The interest rate will be paid at the rate shown for the entire balance in the account.
 
Health Savings Account

Daily Balance	Interest Rate paid	Annual Percentage Yield paid
>= $0.01 and <= $999.99	.01%	.01%
>= $1,000.00 and <= $4,999.99	.01%	.01%
>= $5,000.00 and <= $49,999.99	.05%	.05%
>= $50,000.00 and <= $99,999.99	.10%	.10%
>= $100,000.00 and <= $999,999.99	.15%	.15%

 
Health SavingsPLUS Account

Daily Balance	Interest Rate paid	Annual Percentage Yield paid
>= $0.01 and <= $999.99	.01%	.01%
>= $1,000.00 and <= $4,999.99	.05%	.05%
>= $5,000.00 and <= $49,999.99	.10%	.10%
>= $50,000.00 and <= $99,999.99	.20%	.20%
>= $100,000.00 and <= $999,999.99	.30%	.30%

*Interest Rates and Annual Percentage Yields are current as of October 17, 2019. For current rate information call (847) 952-3700.
 

Fees

	Health Savings Account	Health SavingsPLUS Account
Monthly Account Fee	$0	$0
Monthly HSA PLUS Fee	N/A	$2.95
Debit Card	Free	Free
Online Banking	Free	Free
eStatement	Free	Free
Bill Payment	Free	Free
Pays Interest	Yes	Yes
Investment Option	No	Yes
Minimum deposit	No	No
FDIC Insured	Yes	Yes - On the checking portion of teh account No - On the invested portion of teh account

 
Debit Card Transations and Services

ATM Account to Account Transfers	Free
ATM Deposit (First American Bank ATMs only)	Free
Withdrawals at First American Bank ATMs	Free
Withdrawals at Allpoint & Prestol ATMs (excluding Health Savings Accounts)	Free
Withdrawals at all other ATMs	$3.00
ATM Balance Inquiry	$2.00
Debit Card Replacement - Standard	$10.00
Debit Card Replacement - Rush	$25.00
International Transaction Fee	2.75%

This account is intended for the purpose of paying medical expenses associated with high deductible health plans. Please check with your employer to confirm eligibility to contribute to an HSA. Please check with your tax advisor to determine the maximum contribution you are allowed to make.

First American Bank is required to report all distributions and contributions to the IRS, including transactions made in error. 

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $0.01 in the account each day to obtain the disclosed annual percentage yield.

Limitations: You must deposit $0.01 to open this account. If you close your account before interest is credited, you will not receive the accrued interest. Accrued interest may be paid when the entire balance of the closed account is transferred to a new First American Bank Account.

Account Fees: Monthly paper statement fee: $3.95. Minimum daily or combined average balance of $2,000 must be maintained in a HSA, checking, savings, or money market to avoid the monthly maintenance fee for a paper statement of $3.95.



The primary owner (designated by the first named owner on the signature card or on the statement) must enroll in our Online Banking Service and accept the Online Banking Agreement before the account will be converted to free electronic statements. During the first 90 days after opening, the fee for any paper statements generated will be waived. If, after 90 days, the primary owner has not accepted the Online Banking Agreement, the account is subject to the paper statement fee.

An overdraft charge is imposed for overdrafts created by checks, in person withdrawals, ATM withdrawals, or by other electronic means, as applicable. See service fee schedule for complete information. Fees may reduce earnings on this account.

This disclosure contains information about terms, fees, and interest rates for some of the accounts we offer.
 

Updated specific dee disclosures for consideration

Health Savings Account fee disclosure
Health SavingsPLUS Account fee disclosure

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