Health Savings Accounts (HSA)


A Health Savings Account (HSA) is a checking account that you can put money into for future medical expenses. There are certain advantages to putting money into these accounts, including favorable tax treatment and earning interest on funds.

How does an HSA work?

An HSA is for an individual or family covered with a high deductible health plan (HDHP). You cannot be enrolled in Medicare, or be claimed as a dependent on someone else’s tax return. Funds in your HSA are to be spent on qualified medical expenses.

HSA contributions can be made by you, your employer, or both. However, the total contribution amount is limited annually. If you make a contribution, you can deduct the contributions (even if you do not itemize deductions) when completing your tax returns.

You can access your HSA funds with a NSBT Visa Debit Card or via checks.

Click here to learn more about HSAs, qualified medical expenses, and annual contribution limits.


Contact our HSA Administrator today at (513) 542-7800.



Individual Retirement Accounts (IRA)


An Individual Retirement Account (IRA) is a way to save for retirement and the future. Traditional and Roth IRAs both offer tax advantages, and access to your money if an emergency arises and you need it. Deciding which one is best for you depends on your tax bracket, how close retirement is for you, and your savings goal.

Traditional IRA

If you want to build tax-deferred savings and benefit from tax-deductible contributions now, a Traditional IRA might be right for you.

If you expect to be in a lower tax bracket when it is time to take withdrawals from your IRA, the tax-deferred savings of a Traditional IRA may be a better choice.

Roth IRA

If you want earnings that are tax-free, in addition to tax-free withdrawals later, a Roth IRA may be what you are looking for.

If your goal is to leave your money to your heirs, a Roth IRA may be the way to go. You can continue to make contributions and do not have to take mandatory distributions at age 72.

*Some people choose to have both. North Side Bank & Trust can help you decide which IRA is right for you.

How much can you contribute?

Traditional IRA contributions for the year can be made at any age as long as you are employed; there is no longer an age restriction on contributions. There are no restrictions based on income level or tax filing status.

Roth IRA contributions can be made at any age, but may be limited or totally disallowed based on income level or tax filing status.

Click here to learn more about IRAs and view contribution limits. 

Additional IRA Options

IRA Time Deposits

Offered in the same account requirements and terms as regular Time Deposits, one month upwards to four years.

IRA Savings

A good option for starting small, if you don’t meet the IRA Time Deposit minimum balance requirement.

IRA Investments

Typically for higher dollar balances that you may want to invest in mutual funds, stocks, bonds, etc.


Call (513) 542-7800 or visit us today to learn more about how an Individual Retirement Account can work for you.

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