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Health Savings Account (HSA)

Invest in your health

Healthcare can be costly and confusing. That’s why NW Preferred has worked tirelessly to find the most cost-effective way for members to save for healthcare expenses.

Find out how NW Preferred can prepare you for the future.

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Fantastic rates, multiple tax advantages

A health savings account (HSA) is a special savings account used to pay for qualified medical expenses. You can use the money on a wide variety of medical needs, including prescriptions. With three tax advantages and one of the best rates on the market, we believe our HSA is truly smart way to save.

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Tax-deductible contributions

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Tax-free accumulation of interest

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Tax-free distributions for qualified medical expenses

Rates as high as APY*

Open your HSA today

Double check our FAQs to make sure you qualify for an HSA.

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    Contact Us

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    Account Opening

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Frequently Asked Questions

  • Yes! We offer a safe place for you to save your money, with deposits insured up to at least $250,000 per individual depositor by the NCUA, backed by the full faith of the United States Government.

  • ​You must have a high deductible health plan (HDHP) to open an HSA. Check with your insurance carrier or employer to see if you qualify for an HDHP. In addition;

    • No other health coverage except what is permitted by IRS Publication 969
    • Cannot be enrolled in Medicare
    • Cannot be claimed as a dependent on someone else’s tax return

    If you meet all the above criteria, you can apply for one of our HSAs right here online.

  • All rates are subject to change. Early withdrawal penalties may apply. For all other terms and fees for each account, contact your branch for the applicable disclosure statement(s). Any fees assessed could reduce earnings on this account. Other terms and conditions may apply, see Credit Union for full details.

We’ll be preforming system maintenance at 8PM PST. This may briefly impact your ability to access your account. We apologize for any inconvenience.