Bank Locally with a 1.50% APY* HSA

Bank Locally HSA Offer
Invest in your health & wealth with one of the best HSA rates in Madison. Earn 1.50% APY* when you open a new Health Savings Account with Capitol Bank.

To Get Started:

Schedule an Appointment

OR Call 608.440.8086

*This 1.50% Annual Percentage Yield (APY) Health Savings Account (HSA) offer is available for new accounts only. Accounts must be opened with Capitol Bank before the close of business on March 31, 2024, to be eligible for this special rate. Limited to residents of Dane County, proof of residency is required at the time of account opening. $100 is the minimum opening deposit required to open an HSA account. Fees could reduce earnings. The account is a variable rate account and may change after the account is opened and is effective as of January 10, 2024. Capitol Bank reserves the right to end this promotion at any time.

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.

More information on HSAs:

HSA Overview (PDF)

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.

To Get Started:

Schedule an Appointment

OR Call 608.440.8086