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Banks, Trustees
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HSA BANK RAISES INTEREST RATES UP TO 4%
HSA Bank, a unit of Webster Financial Corp. (Waterbury, CT), announced that it has raised the annual percentage yield on HSAs with balances of $15,000 or greater to 4%, from 3.82%.
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METAVANTE TO BUY MED-I-BANK FOR $138 MILLION
Marshall & Ilsley’s Metavante Corp. (Milwaukee) has dramatically expanded its presence in the healthcare debit card business, announcing a definitive agreement to acquire Med-i-Bank (Waltham, MA) for $138 million in stock and $7 million in cash.
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