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I had the same problem (low yield option in HSA account). My wife's employer administrates the plan and chose both the insurance and the provider. Because there are advantages to being in that plan (a contribution from the employer to our HSA account) we have not established an alternative HSA account. The local bank to which funds are sent did not offer anything except an account with check book features and a .5% yeild. I spoke directly to the bank officer in charge of the account and arranged to have a CD established once the account balance was sufficient to establish their standard CD's. Still not very exciting yield (3.5% for 1 year CD established last July (2005) but much better than the primary account. It wouldn't hurt to try to see if Wells Fargo would do the same thing in their accounts.
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