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Interest Rate Revised for Mellon Health Savings Accounts
Jun 02, 2009
Per Anthem Blue Cross' contract with ACS/Mellon, one of Anthem's HSA administrator, ACS/Mellon periodically reviews the interest rate credited to members' Health Savings Accounts and adjusts the rate to reflect the current interest rate environment and general money market conditions.
From April 1, 2009, through June 30, 2009, the interest rate to be credited to Lumenos Health Savings Accounts with ACS/Mellon will be 0.50%. This will result in an APY of 0.501%.
For existing HSA account holders, the change will be reflected in their monthly account statements, which mail in May. For new HSA account holders who have effective dates of May 1, 2009, or later, the change will be reflected in the Group Fee sheet in their HSA Welcome Kits.
to see the Health Savings Account Fee Schedule and Rate Schedule. For more information, please contact
your Beere & Purves representative.