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Health Savings

Have a high-deductible health plan? Start saving.

Health Savings Accounts (HSAs) were created in 2003 so that individuals covered by high-deductible health plans could receive tax-deferred treatment of money saved for medical expenses. Generally, an adult who is covered by a high-deductible health plan (and has no other first-dollar coverage) may establish an HSA. The Bank of the James Health Savings Account offers a preferred interest rate and unlimited check writing for a reasonable monthly fee.

*Please note that Bank of the James in not engaged in rendering of tax, investment or legal advice.

All accounts are subject to credit approval. Service charges and fees could reduce earnings. For complete details on our checking accounts and related products and services, please contact one of our branch locations.