Health Savings CDs
A Health Savings Certificate of Deposit allows you to transfer money from your First Federal Health Savings Account to save for future health expenses and earn a fixed rate for the term of the CD. Money can be transferred back during the renewal period when needed. It's a great way to make the most of your Health Savings money when your not using it.
- Summary
- Fixed interest rates
- 1 deposit/withdrawal during renewal period
- Penalty for early withdrawal*
- Open with as little as $250
- Term from 3 months to 5 years
Health Savings CDs are subject to all IRA rules and regulations
*3-month interest penalty for early withdrawals from 3 to 12 month CDs. 12-month interest penalty for early withdrawals from CDs with terms greater than 12 months.
