Health Savings Accounts (HSAs)

Personal Health Savings Accounts (HSAs)

For depositors with high deductible health plans

  • No monthly service charge if a $5,000 minimum average daily balance is maintained.
  • Up to $3,550 a year tax deferred contribution for a single person ($1,000 catch up for age 55 & older), $7,100 for a family, and effective since 2020.
Minimum Balance to OpenMonthly Maintenance ChargePer Item ChargeDaily Balance Requirement to Waive Monthly Maintenance Charge
$1,000$3.50None$5,000

Checking, Savings and Certificates of Deposits at Metropolitan Bank are insured by the Federal Deposit Insurance Corporation, an agency of the United States Government. Each depositor is insured up to $250,000. Coverage of a higher amount is possible by opening accounts using more than one type of ownership or by opening an account under the Bank’s special CDARS program.

Information is effective January 1, 2020 and is subject to change from time to time without notice.