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Go to... ARCUS HSA Features HSA Product Details Apply for an HSA Employer Tools Broker Tools Calculators HSA FAQs Contact Us

Quicklinks

Go to... ARCUS HSA Features HSA Product Details Apply for an HSA Employer Tools Broker Tools Calculators HSA FAQs Contact Us

Products for Consumers

HSA Product Details

Account Structure

ARCUS Financial Bank health savings accounts are FDIC-insured deposit accounts which may be funded with pre-tax or tax deductible dollars and used to pay for healthcare expenses or invested for the long-term.  ARCUS Financial Bank HSAs feature:

• FDIC insurance for deposit accounts
• Competitive interest rates, tiered based on your balance
• Low monthly fees and transaction fees
• No minimum balance
• Option to invest in a variety of mutual funds (once a minimum balance threshold is met)

Current Interest Rates

ARCUS Financial Bank interest rates are tiered, based on your current balance.  The Current Rates can be found on our home page or our Rate and Fee Schedule.

Fees

ARCUS Financial Bank has structured its fees to be among the most competitive in the market.  To set-up and use your HSA, you simply pay a $15 account set-up fee and make an initial minimum deposit of at least $15.  There is a $2.75 monthly account maintenance fee, which is waived for accounts with balances exceeding $5,000.

For more information, please view our detailed Rate and Fee Schedule.  

Investment Options

Once a minimum balance threshold of $2,000 is reached, account holders may choose to invest a portion of their funds in one or more of a variety of mutual funds.  Mutual funds provide account holders with additional options in managing their tax-advantaged assets.  Investment options carry an additional fee of $35 per year.

The investment options available to you with the ARCUS Financial Bank HSA include:

• Large Cap Value
• Large Cap Blend
• Large Cap Growth
• Mid Cap
• International
• Index
• Fixed Income
  

For a detailed listing of the mutual funds available, please view our Mutual Fund List.

You should carefully consider a mutual fund’s investment objectives, risks, charges and expenses before investing.  If you wish to invest in a mutual fund, you will be provided with a prospectus, which contains this and other important information.  Read the prospectus carefully before investing.  Mutual funds are offered through Devenir, LLC, which is not affiliated with ARCUS Financial Bank.  Devenir, LLC is a registered broker-dealer and member, FINRA and SIPC.

INVESTMENTS IN MUTUAL FUNDS ARE NOT INSURED, ISSUED, OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION; NOT DEPOSITS IN OR OTHER OBLIGATIONS OF ARCUS FINANCIAL BANK AND ARE NOT GUARANTEED BY ARCUS FINANCIAL BANK; BUT ARE SUBJECT TO INVESTMENT RISKS, INCLUDING FLUCTUATIONS IN VALUE AND THE POTENTIAL LOSS OF THE PRINCIPAL AMOUNT INVESTED. INDIVIDUALS INVEST AT THEIR OWN RISK.  FUND RATINGS REPRESENT PAST PERFORMANCE AND ARE NOT A GUARANTEE OF FUTURE RESULTS.  INVESTMENT RETURNS AND PRINCIPAL VALUE WILL FLUCTUATE AND INVESTORS’ SHARES, WHEN SOLD, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST.

Holders of ARCUS Financial Bank HSAs must maintain a minimum balance in order to qualify to make investments in mutual funds.  Refer to your schedule of fees in order to determine the investment threshold for your account.

Assets invested in mutual funds cannot be withdrawn directly to fund HSA-eligible health care claims.  Withdrawals for eligible expenses will only be made against your ARCUS Financial Bank HSA base account.  Mutual fund assets must be liquidated and the proceeds transferred into your ARCUS Financial Bank HSA base account in order to be used to cover HSA claims.  Sales charges ("loads") may apply on liquidation.  See the applicable fund prospectus for a description of all charges and fees.  Transfers may be easily accomplished by using the ARCUS Financial Bank website. 

 

ARCUS Financial Bank and its affiliates are not providing tax advice through this website and we cannot respond to specific tax questions.  Tax issues are often very dependent on the specific facts.  Clients are encouraged to seek their own tax advice.

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