Synovus's Health Savings Account (HSA) review

Synovus's Health Savings Account (HSA)

When you have high-deductible health insurance, you want to make sure you have enough money to cover any future medical expenses. One way to do this is with Synovus Bank's Health Savings Account (HSA), which helps you better manage your finances and be prepared for any emergency.

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Commissions

Account management:	$ 0
Check deposit:	Consult
Check writing:	Consult
Transfers:	Consult

Advantage

Checkbook:	With checkbook

Additional information of Health Savings Account (HSA)

To apply for a Synovus Bank Health Savings Account, visit any Synovus Bank branch in Alabama, Florida, Georgia, South Carolina or Tennessee.

This investment vehicle requires no minimum balance, is FDIC insured up to $250,000 and is designed for you to save money or invest your funds to pay for qualified medical expenses.

The dynamics of this HSA allow you or your employer to make tax-free contributions and taxable transfers or deposits are deductible.

This gives you the ability to grow your balance without worrying about IRS reporting. And if you have money left over from the previous year, it carries over to the next year so you have it available.

You may be interested in: KeyBank Health Savings Account

Among the banking and legal conditions that govern this type of account, you should know:

The maximum annual contribution for individual coverage is $3,850 (2023) and the maximum contribution for family coverage is $7,750 (2023). Account holders can make a one-time, tax-free distribution from their traditional or Roth IRA to their HSA.
Those with a balance of $3,500 or more can choose to invest in one of Fildelity Investments' nine mutual funds through Synovus Securities Inc. brokerage service, a subsidiary of Synovus Securities Inc.
In addition to having digital banking to manage your trades, you receive personalized checks and up to two Visa check cards to access your funds.

Synovus Bank's Health Savings account is an important product to take care of your health before and after retirement. This alternative is present in other entities and in Busconómico you have how to compare them in one place.

Español: Cuenta Health Savings de Synovus Bank

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