Health Savings Account

A PNC Health Savings Account (HSA) is designed to help you save for qualified medical expenses on a tax-advantaged basis. It's easy - you contribute money saved on your low premiums to your HSA and let that money grow so you can more easily afford your deductible when needed.

Safe, easy, secure

Applying online is easy.

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9am - 5pm ET

Key Features

Protect Against Unplanned Medical Bills

Save for qualifying medical expenses over time so you’re prepared for the unexpected.

Tax Advantages

Enjoy tax-advantaged contributions, earnings and withdrawals for qualified expenses.[1]

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 expenses.[1]
  • Long-term savings – funds roll over from year-to-year if unused. The balance in your HSA will generally 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 automated enrollment process or online account application.
  • Easy to access – PNC offers multiple ways to help manage your account:
    • Free online account access – access to account balance and transaction history. You can also view your health spending and savings, manage investment options, etc.
    • Phone – toll-free account owner customer service from 9am – 5pm ET Monday-Friday, excluding holidays.
    • Paper or electronic statements – quarterly and year end statements.
  • Easy to use – pay qualified medical expenses with your free PNC Health Savings Account Visa® debit card[2], online transfer from your PNC HSA to a personal bank account or by reimbursement via check request or HSA check.
  • Easy to contribute – employees can contribute via payroll deduction, scheduled or one-time contribution from their personal bank account or by check contribution through US 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 any of 16 mutual funds[3] once your HSA balance exceeds $2,000.


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

*Annual Percentage Yield (APY) accurate as of 9/4/2014 4:16:09 PM ET. Rates may change after account is opened. Fees may reduce earnings.

Important Legal Disclosures and Information

  1. PNC does not provide legal, tax or accounting advice. Consult your tax advisor about tax benefits applicable to Health Savings Accounts.

  2. 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.

  3. Shares of mutual funds are not deposits or obligations or guaranteed or endorsed by any bank, nor are they federally insured or otherwise supported by the Federal Deposit Insurance Corporation or any other governmental agency. Investments in mutual funds may lose value, including possible loss of principal. Please read the prospectus carefully before you invest.

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