Savings

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Health Savings Account

Guard what money can't replace
From the unexpected to the unthinkable, focus on what matters most.
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Prepare for the unpredictable.

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Why Health Savings Account
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A Health Savings account lets you earn interest and withdraw your savings tax-free when you use them to pay for qualifying medical expenses.
Benefits of Health Savings Account

  • Withdrawals are tax-free when used for qualifying medical expenses

  • A minimum balance of only $0.01 to earn interest

  • Money rolls over year-to-year automatically

  • Make deposits directly from payroll or transfer them electronically

  • You own the account, not your employer

  • Access to MVB’s online and mobile banking platform

  • Complimentary personal financial management through Digital Banking

  • Complimentary e-statements

  • Complimentary Visa debit card

  • This is a variable rate account

Pricing of Health Savings Account

  • $50 minimum opening deposit

  • Withdrawals for non-qualified medical expenses could be subject to income tax and penalty, so consult with a tax advisor to determine if this affects you

Access your funds anytime, anywhere with MVB's mobile and online banking suite.
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