HSA Account

Who's using what for HSA Accounts?

I've got an Ally bank account, Fidelity for 401k, PNC bank, and Wells Fargo bank, but none of those allow me to manage where my HSA is invested. Apparently I'd need yet another account, so it should be a good one.

HSABank.com through work. No charge if balance is over 3.5K, otherwise like three bucks a month. They have investments available, but it seems rather silly to me. Risk/reward on that, versus liquidity requirements for the nature of the account. I mean, do you really want to put money into a stock fund today?

My Optum account let's me invest in vanguard funds.

I have an HSA account through a local credit union. No investing the money that I know of, nor would I want to really,...I think.

We are maxing ours out at the moment since we plan on having another kid in the next year or two. I was actually making a small amount of interest on ours before all the doctor/pregnant/birth stuff come up.

Ours is with Cigna, through Chase. Allows investment. AFAIK no minimum balances/fees. Automatic payroll deduction. I assume you're in a high deductible plan?

I have two. An old one with an existing balance through Bancorp and my current one through PayFlex/Aetna which is apparently UMB Bank. No fees and I also max out the contributions. If/when I start having a balance that substantially exceeds my deductible, I'll look into putting some of the money into investments.

While I have a decent amount in both accounts, I will need some dental work done soon which will cost a fair amount.

No help here! My HSA is through work, managed by 5th/3rd bank.

I have HSA Bank. I just contribute $17 every week, along with a $500 annual corporate deposit. At this point I'm comfortably over my deductible, just letting it grow. I have no idea about other ways I can utilize it as capital.

In reply to neon4891:

The idea is not so much to use it as capital, but to treat it like another investment account that allows you to put away another $3350/yr tax free and let it accrue tax free over an above your other investments (401k, mainly). This is best done when you're young and reasonably healthy so that when you're older and not so healthy, you'll have a nice nest egg of money to use for medical expenses. The way I see it, the future of health care is a big unknown, so I plan to do what I can, while I can. And unlike 401k investments, should some medical emergency crop up, you can use that money now with no penalties.

I have Optum, not through work. Its not as easy as I'd like to setup automatic payroll deposits, but it has worked well for me over the years. If only they still gave the 9% they used to...