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Banks, Trustees
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PATELCO CREDIT UNION OFFERS 5.12% YIELD ON HSAs
Patelco Credit Union (San Francisco) said it is offering HSAs that yield annual interest of 5.12% with no annual maintenance fee in the first year and a $12 annual fee thereafter. Patelco is among the largest credit unions in the nation, with 205,000 members nationwide.
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PNC OPENS 12,000+ HSAs IN FIRST 3 WEEKS OF DEC.
PNC Financial Services Group said that it had signed up more than 12,000 new individual HSAs in the first three weeks of December alone through its PFPC (Valley Forge, PA) operation and that it expects new accounts to continue to grow substantially in 2006.
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BANCORPSOUTH OFFERS HSA
BancorpSouth (Tupelo, MS) has begun offering HSAs to individuals with high-deductible health plans. BancorpSouth also offers HDHPs through its BancorpSouth Insurance unit.
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USHEALTH STILL OFFERING 6.15% ON HSAs
USHealth Inc. (Ft. Worth, TX), a subsidiary of Credit Suisse First Boston, said it would continue to offer 6.15% interest on HSA balances for at least another year through an alliance formed with First HSA.
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U.S. BANCORP EYES TRIPLE-DIGIT HSA GAINS
U.S. Bancorp (Minneapolis) has more than 4000 HSA accounts, a triple-digit increase since June 2005, and expects the growth trend to continue in 2006 and 2007, said Daniel Kelly, manager, health savings solutions, U.S. Bank Institutional Trust & Custody.
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23 TOP BANKS HAVE 647,000+ HSAs
Twenty-three leading banks have more than 647,000 HSAs with an estimated $672 million in deposits, according to a tally by HMN. HSA Bank (Sheboygan, WI) has the most HSAs of any bank in the nation, with 144,000 accounts and total deposits of $255.6 million.
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