Cute older couple dancing


WyHy Health Savings Accounts (HSAs). Your Path to Smart Healthcare Savings

At WyHy Federal Credit Union, we offer Health Savings Accounts (HSAs) that empower you to manage your healthcare expenses efficiently while saving for future medical costs. Our HSAs come with significant tax advantages and unparalleled flexibility, ensuring you have complete control over your healthcare spending.

Key Features of WyHy HSAs

  • Tax Advantages
    • Tax-Deductible Contributions: Reduce your taxable income with contributions to your HSA.
    • Tax-Free Withdrawals: Enjoy tax-free withdrawals for qualified medical expenses.
    • Tax-Deferred Growth: Allow your HSA funds to grow tax-deferred, maximizing your savings potential.
  • Flexible Spending
    • Qualified Medical Expenses: Use your HSA funds for a variety of medical expenses, including doctor visits, prescriptions, and medical supplies.
    • No Spending Deadlines: Save your funds for future healthcare needs or use them as necessary, without any spending deadlines.
  • Contribution Options
    • Multiple Contribution Methods: Make contributions through payroll deductions, direct deposits, or manual deposits.
    • IRS Contribution Limits: Take full advantage of annual contribution limits set by the IRS to maximize your tax benefits.
  • No Minimum Balance
    • Start Saving Immediately: Open an HSA without a minimum balance requirement, providing flexibility for both routine medical costs and unexpected emergencies.
    • Start Earning Quickly: No minimum balance to earn 0.05% APY*
  • Online Access
    • Convenient Account Management: Manage your HSA online or through our mobile banking app.
    • Real-Time Information: View your account balance, track contributions and withdrawals, and access important tax documents anytime, anywhere.
Ask your Employer or Health Insurance Company if your health insurance plan makes you eligible to open and make contributions to a HSA. 

How to Open a WyHy HSA

Opening a Health Savings Account with WyHy is quick and straightforward:

Account Opening

Fill out the necessary forms and provide the required documentation, including your high-deductible health plan (HDHP) information.

Fund Your Account

Start making contributions through payroll deductions, direct deposits, or manual deposits.

Manage Your HSA

Use our online banking or mobile app to track your contributions, withdrawals, and account balance.

Enjoy the Benefits

Your WyHy HSA account goes where you go, regardless of any job changes!

Open a WyHy HSA Account

WyHy HSAs are designed to offer you comprehensive control over your healthcare expenses while providing substantial tax benefits. Our flexible contribution options and online account management make it easier than ever to save for current and future medical costs.

Other WyHy Savings Options

Fast Trac Savings
woman putting money in piggy bank
Fast track your savings goals! Reach your financial milestones quicker with competitive rates and easy access to your funds.  

Money Market
two people in kitchen looking at papers
Maximize your earnings with Money Market accounts—easy access to cash with higher returns!
four older people shopping
Secure your savings with WyHy Certificates! Grow your money with guaranteed returns and flexible terms. Start investing today!  

four people at table with wine
Invest in your tomorrow with tax-advantaged savings options tailored to your financial goals. Secure your retirement future with WyHy IRAs.

Share Savings
cute family of four
A share account at WyHy is more than just a basic savings account—it's your key to membership in our not-for-profit financial cooperative

Trust Accounts
older couple sitting with grandchildren
Secure your assets and plan for the future with WyHy Trust Accounts. Safeguard your legacy and ensure your loved ones' financial security.

01 /
*APY = Annual Percentage Yield. Consult a tax advisor for options and tax advantage qualifications. Federally Insured by NCUA.