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Bank Locally with a 1.50% APY* HSA


Invest in your Health & Wealth

Get Started with one of the best HSA rates in Madison. Earn 1.50% APY* when you open a new Health Savings Account with Capitol Bank.

What is an HSA?

A Health Savings Account (HSA) is a tax-advantaged savings account designed to help those with a HDHP (High Deductible Health Plan) manage and save for qualified medical expenses. It’s an excellent complement to your health insurance, offering a triple-tax advantage: tax-deductible contributions, tax-free earnings, and tax-free withdrawals when used for qualified medical expenses.

Why Consider Investing in an HSA:

Ease of Use: A Capitol Bank HSA Visa Debit card makes using your account easy at the pharmacy, doctor visits, etc. Online and mobile banking help keep track of spending.

  • Tax Savings: Contributions to your HSA are tax-deductible, reducing your taxable income. Any interest or investment gains within the account are also tax-free.
  • Financial Flexibility: Unlike some healthcare plans, HSAs allow you to roll over unused funds year after year. Your HSA is yours to keep, providing financial flexibility for both immediate and future medical expenses.
  • Emergency Preparedness: Life is unpredictable, and medical expenses can sometimes catch us off guard. With an HSA, you have a dedicated fund to cover unexpected health costs, offering peace of mind and financial security.

For more information on HSAs:

HSA Overview

HSA Page

To get started, schedule an appointment or call 608-440-8086.

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