In honor of Independence Day, all Community State bank locations will be closed, Friday, July 4th, 2025. Have a safe and happy holiday weekend!

Attention Wire Transfer customers: Effective July 14, 2025, the Federal Reserve is undergoing a significant change with the adoption of ISO 20022 messaging standard. These messaging standards may effect how transfers are processed. See complete details here: Wire Transfer Update.

Health Savings Account (HSA)

Handling Your Healthcare Expenses

A Health Savings Account (HSA) is a tax-exempt account with a financial institution in which funds accumulate to pay for medical expenses.  They were created in response to the rising cost of healthcare and with the intent to give the consumer back the control of their healthcare costs.

Community State Bank offers many value-added services at an affordable rate, which makes our HSA product the most complete product in the marketplace. We provide our accountholders multiple distribution methods, including debit cards, checks and withdrawal forms.

Current rates available upon request.

Benefits of a CSB HSA

A $25 fee will be imposed upon closing or transfer of the account.

Open an HSA

Before a health savings account can be opened, a qualified High Deductible Health Plan (HDHP) must be in place to cover the individual or family. An HDHP provides health coverage for an individual or family with an affordable premium. The guidelines for an HDHP are determined by the Internal Revenue Service each year. To determine if your plan qualifies, please contact your health plan representative.

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