Health Savings Account

Smarter Saving. Smarter Spending.

A PNC Health Savings Account is designed to help you save for qualified medical expenses on a tax-advantaged basis.

Safe, easy, secure

Online HSA account opened prior to November 1, 2015

Have questions?

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9am - 5pm ET

Key Features

Protect Against Unplanned Medical Bills

Enjoy for qualifed medical expenses over time so you’re prepared for the unexpected.

Tax Advantages

Enjoy tax-advantaged contributions, earnings and withdrawals for qualified medical expenses.

Control and Ownership

Take your money with you, even if you switch jobs, change medical coverage, become unemployed or retire.

Features and Benefits

The Healthy Benefits of a PNC Health Savings Account

  • Cost savings – when you choose a low-premium HDHP, instead of paying more to the health insurer, the invested difference in your HSA helps to build financial security.
  • Control – you own the account and the money in the account, even if your employer contributes to it.
  • Tax savings – benefit from tax-advantaged contributions, earnings and withdrawals for qualified medical expenses.
  • Long-term savings – funds roll over from year-to-year if unused. The balance in your HSA may grow  tax-free with no pressure to use the full balance by year-end. You may be able to use unused balances to supplement retirement income after age 65, subject to applicable income taxes.
  • Ownership – your money stays with you even if you switch jobs, change medical coverage, become unemployed or retire.

PNC offers an affordable HSA with several features that make it easy to use and easy to get started.

  • Easy to open – open your account through an online or paper account application
  • Easy to access – PNC offers multiple ways to help manage your account:
    • Free online account access – access your account balance and transaction history via the PNC BeneFit Plus Consumer Portal. You can view your health spending and savings, manage investment options, etc.
    • Phone – toll-free account owner customer service from 8am – 8pm ET Monday-Friday, excluding holidays.
  • Easy to use – pay for qualified medical expenses with:
    • Your free PNC Health Savings Account Visa® debit card[1]
    • Online transfer from your PNC HSA to a personal bank account
    • Or by reimbursement via check or HSA check
  • Easy to contribute – Employees can contribute via payroll deduction, scheduled or one-time contribution from their personal bank acccount or by check contribution through U.S. mail
  • Ability to grow account – your PNC HSA includes an FDIC-insured deposit account (covered to the extent permitted by law) with tiered interest rates. Plus you have the option to invest in a variety of multiple funds upon achieving certain minimum balance thresholds.

Interest Rates and Pricing

Minimum to open None
Monthly Service Charge
Required Monthly Balance to Avoid Service Charge $5,000
Annual Percentage Yield (APY)* FDIC Interest Rate Information
Daily Balance Rate APY
Below $2,000.00 0.10% 0.10%
$2,000.00 - $9,999.99 0.20% 0.20%
$10,000.00 - $24,999.99 0.35% 0.35%
$25,000.00 - $49,999.99 0.45% 0.45%
Over $50,000.00 0.45% 0.45%
Fees Setup Fee - $0
Transaction Fee - $0
Debit Card Fee - $0
Checkbook Order - $12.74
Stop Check Fee - $30.00
Non-Sufficient Funds Fee - $30.00
Copy of Check Fee - $2.50
Quarterly Statement Fee - $2.00

*Annual Percentage Yield (APY) accurate as of November 1, 2015 4:16:09 PM ET. Rates may change after account is opened. Fees may reduce earnings.

Important Legal Disclosures and Information

  1. Foreign Transaction Fee. For each Foreign Transaction, there is a foreign Transaction fee (currently, one percent of the Transaction for non-U.S. dollar transactions), which will be included in the amount charged to your Account. This charge may apply whether or not there is a currency conversion.

Bank deposit products and services provided by PNC Bank, National Association. Member FDIC