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Make the Switch

Follow these simple steps to make your switch to Five Star Bank quick and easy.

Home Equity Products

Use the equity in your home to help realize your dreams.

HSA Overview

Stretch your health care dollars further with a FREE Health Savings Account from Five Star Bank.



A Health Savings Account (HSA) is a tax-advantaged account available only to individuals who have qualifying High-Deductible Health Plans (HDHP). You and/or your employer can deposit funds that you can use to cover qualified medical expenses incurred each year before you meet your health plan's deductible.


An HSA provides tax savings in three ways:

  1. Contributions can be made with pre-tax dollars, reducing your taxable income
  2. After-tax contributions that you make to your HSA are tax deductible
  3. HSA funds earn interest tax free, and when used for eligible healthcare expenses are also free from tax

Note: HSA withdrawals not used for qualified medical expenses are taxable and subject to penalties. Consult a tax advisor.


There are even more benefits when you have an HSA at Five Star Bank. Unlike HSAs at many other institutions, our HSA has no fees.

  • No application fees
  • No maintenance fees
  • No minimum balance fees

Plus you have the convenience of doing business with your community bank. We have 49 offices and 60 ATMs located throughout Western and Central New York. You'll have easy access to your HSA funds through:

  • HSA VISA® Debit Card
  • Checks
  • NetTeller Online Banking, or Bill Payor Access

Unlike Flexible Savings Accounts (FSA), any unused funds in your HSA can be rolled over year-to-year. There is no "use it or lose it" rule even if you change jobs or healthcare plans.

Because HSAs are portable, if you have a fee-bearing HSA at another institution, you can move the account to Five Star Bank and enjoy the benefits of a FREE HSA.