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Investing/Strategies / Retirement Investing
|Subject: Re: What's the best HSA Adminisrator?||Date: 2/9/2014 12:16 PM|
|Author: amgentech||Number: 74236 of 77353|
elfcu looks pretty good.
Note that the threads discussing HSAbank have some wrong info.
You are not required to maintain a minimum balance in the cash account to start investing. The 3.00 investment account fee is waived if you do. The current min balance for fee waiver is $4925
No minimum HSA balance is required to start investing
(Minimum trade requirements may apply)
•Start investing when and how you want to; there are no
proprietary or default investments based on your HSA balance
•$3 monthly investment fee waived for HSA accounts with
$4,925* minimum daily balance
I also noted that ELFCU does require 2500 in the cash account before you can start investing.
In order to enroll in the investment program, you
must have an account balance of at least $2,500 in
your HSA at the time of enrollment.
Overall it looks like it might be a little cheaper to go with elfcu. It depends on if you can earn more that 3.00 a month on the additional $2500 invested.
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