Earn 2.07% APY1 on balances over $10,000
No monthly maintenance fee. Just smart, tax-advantaged savings for your health.2
Why Choose a Midstates HSA?
$0 Monthly Maintenance Fee
Keep every dollar working for your health—no hidden fees or monthly costs.
2.07% APY1 on Balances over $10,000
Maximize health savings with a strong, competitive rate designed to help your money grow.
Triple Tax Advantage
Contribute pre-tax, grow tax-free, and withdraw tax-free for qualified expenses.2,3
Easy Access
Use your HSA debit card or reimburse yourself later—funds roll over each year.
Yours to Keep
Your HSA stays with you, even if you change jobs or health plans.
How an HSA Works
- Enroll: Join a qualified High-Deductible Health Plan (HDHP).
- Open: Start contributing pre-tax dollars to your HSA.
- Use or Save: Pay for qualified medical expenses now or save for future needs.
Competitive Rate & Details
Earn more with your health savings.
| Balance | APY1 |
|---|---|
| $0 – $10,000 | 0.25% |
| Over $10,000 | 2.07% |
Ready to open your HSA?
Start saving smarter for healthcare today. Complete the form an our specialist will contact you to complete enrollment.
Frequently Asked Questions
Who is eligible to open an HSA?
Anyone enrolled in a qualified HDHP that meets specific requirements for the year. You are not eligible to contribute to a Health Savings Account if:
- You are covered by another health plan that is not a qualified High Deductible Health Plan (HDHP), including a general-purpose Health Flex Spending Account or HRA.
- You are enrolled in Medicare (including Part A).
- You can be claimed as a dependent on someone else’s tax return.
- You are under age 18.
What can I use my HSA for?
You can use it for qualified medical expenses like doctor visits, prescriptions, dental, and vision care. Keep receipts and consult IRS Publication 502 for details.2,3
What happens to unused funds?
Funds roll over year to year — there is no "use it or lose it" rule for HSAs.
Are there contribution limits?
For 2025, the HSA contribution limits are:
- Individual coverage: $4,150
- Family coverage: $8,300
- Catch-up contribution: Individuals aged 55 and older who are not enrolled in Medicare may contribute an additional $1,000 annually.
For 2026, the HSA contribution limits are:
- Individual coverage: $4,440
- Family coverage: $8,750
- Catch-up contribution (age 55+): Additional $1,000
Please consult your tax advisor regarding your personal situation, including state-specific rules.
1Annual Percentage Yield (APY) of 2.07% is accurate as of October 30, 2025. Minimum balance over $10,000 required to earn the advertised APY. No fees. Full earnings potential. Rates may change after account opening. Other terms and conditions may apply.
2 Consult your tax advisor regarding the tax advantages of a Health Savings Account.
3 If an HSA distribution is not used for a Qualified Medical Expense, the distribution amount will be included in income and a 20% penalty will be assessed. This penalty is waived upon death, disability or attaining age 65. See the Internal Revenue Service list of qualified expenses in Publication 502, Medical and Dental Expenses.
Midstates Bank is a full-service financial institution with branches throughout western Iowa.
Start saving for the future.
Choose from two options & open a savings account online! Unlock the power of personal savings with Midstates Bank.