The Bank of Commerce
Deposit Accounts

Health Savings Account

Interest Bearing Account

Are you covered under a high deductible health plan?
If so, a Health Savings Account might be just right for you.

A Health Savings Account (HSA) is an IRA-like account designed solely for covering medical expenses of the account owner and dependents. Each year you and/or your employer can make contributions to your account. You choose whether to use the funds for current bills or to save for future health care expenses.

Who is Eligible for an HSA?

Individuals that are enrolled in a high deductible health plan, who are not covered by any other health plan, not entitled to benefits under Medicare, and not a dependent on another person's tax return.

Please click here for a printable questionnaire to help determine your eligibility.

How does it work?

As funds accumulate in your HSA, you can use them to pay for current medical expenses including expenses that your insurance may not cover, or save the money in your account for future or unexpected medical bills. Any unused funds carry over year-to-year. You keep your account even if you move, change jobs, or change your medical coverage.

What are the tax benefits?

Contributions may be tax deductible and withdrawals used for medical expenses are tax-free (consult your tax advisor or IRS Pub 969 for more information)


  • Minimum to open account is $100.00
  • No service charge fee if $100.00 balance is maintained every day of the statement cycle
  • $5.00 service charge fee if balance falls below $100.00 any day of the statement cycle
  • No per item charge
  • Check images returned in statements
  • Interest is compounded daily and paid monthly
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    New Account Finalization Procedure

    The Bank of Commerce is a "Community Bank" located in Eastern Idaho with headquarters in Idaho Falls. Because of the local nature of our bank, we request that all new account applicants come into one of our local branches and meet our friendly staff to finalize your new account or loan.

    Certain disclosures are provided at the time that you open your account. All deposit accounts are subject to but not limited to the following:

    These disclosures are also available prior to opening an account or at any time and will be provided to you by contacting us
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