Should the Truth-in-Savings Disclosure reference that the checking, savings or MMDA account is an HSA?
The TISA requires in the account disclosure only that of the rate info, compounding/crediting, balance info, fees, transactions limitations, and features of time deposits if time deposit. All of which our current TISA encompasses. The mention of HSA or even IRA is not required on the TISA . The TISA is meant to identify for the consumer those account limitations or features relative to general savings, checking, or money market structures. The separate HSA agreement or IRA agreement is what identifies the particulars of HSA or IRA contributions or distributions requirements. TISA does not require that HSA be listed on the TISA disclosure.
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