DEVENIR Mutual Fund Investment Account

To learn more about DEVENIR's mutual funds, check out a list of available mutual funds. Continue reading to learn how to open a DEVENIR Mutual Fund Investment Account.

Open a DEVENIR Mutual Fund Investment Account

Log in to your account to enroll. A monthly investment fee may apply (Please refer to your Health Savings Account Fee and Interest Schedule).

Keep track of your investments with our online Account Summary dashboard.

You will receive an email from HSA Bank within the next three business days which will include information on how to access your DEVENIR Mutual Fund Investment Account.

Set up your Elections (Current and Future Elections)

You have the capability to select your future elections with any of the mutual funds available. Dollars moved from your HSA Bank account prior to selecting your future election will default to the money market fund as a current election at 100 percent.

Current Asset Alignments

This link allows you to move dollars from the defaulted money market fund to any of the mutual funds available in the platform. You may realign the dollars in the money market by assigning a percentage to the other funds.

Future Investment Elections

Allocate percentages for future dollar transfers to the investment account. This link allows any future dollars transferred from your HSA Bank account to the investment account to be automatically invested according to your desired percentages.

Transfer Funds

To ensure accurate IRS reporting, send all HSA contributions through HSA Bank before transferring funds to your investment account. To transfer funds to your DEVENIR Mutual Fund Investment Account, log in to the Member Website or contact the Client Assistance Center. Note that transfers generally take two business days to clear if transferred before 2 p.m., CT

Transfer funds via HSA Bank's Member Website

  1. Log in to the Member Website.
  2. Navigate to "Investments."
  3. Select either "Transfer to Investments" or "Transfer from Investments."
  4. Follow the instructions to complete your transfer request. You will receive an email confirmation.

Note: You may transfer up to $10,000 per day through HSA Bank's Member Website.

Transfer funds via HSA Bank's Client Assistance Center

  1. Call 866-357-6246 during business hours.
  2. Provide the representative with your HSA number, brokerage account number and the amount of money you would like to transfer.
  3. HSA Bank will process the transfer. Transfers generally take two business days to clear if transferred before 2 p.m., CT.
  4. Log in to the Member Website to choose from a variety of funds and allocate your funds. Funds not allocated prior to the money transfer will default to the money market fund.

Return Funds to Your HSA

If you are transferring funds from your DEVENIR Mutual Fund Investment Account, the investments will be liquidated on a proportional basis according to your current allocation percentages within the respective mutual funds, pro rata.

Note Funds will be available in your HSA Bank account within two business days.

HSA Bank does not provide investment services; investment services are provided by DEVENIR. DEVENIR or its recordkeeping partner will deduct an annual fee of $24 from the investment account balance, prorata. Investment accounts are not FDIC insured, may lose value and are not a deposit account or other obligation of HSA Bank. Investment accounts are not bank guaranteed or guaranteed by any federal government agency. Self-directed investment accounts are the sole responsibility of the account owner. HSA Bank does not offer investment advice. Carefully weigh the advantages and disadvantages of investing your HSA funds before doing so. Investment returns and principal value will fluctuate and investors' shares, when sold, may be worth more or less than their original cost. DEVENIR and HSA Bank are separate, unaffiliated companies and are not responsible for one another's services, policies and information. HSA Bank and other business entities receive compensation for providing various services to the funds, including distribution (12b-1) and service fees. Your ability to replace losses in the investment account may be limited by the annual contribution limits of your HSA.

In selecting and classifying the above group of mutual funds, HSA Bank's investment advisor, DEVENIR, does not intend to provide any personalized investment advice in connection with this program. Devenir is not making a recommendation to individual health savings accountholders ("you") that any of the mutual fund investment options are, or would be a suitable or appropriate investment for you. That decision is yours.

Before you invest in any particular mutual fund, you should carefully review the fund's prospectus and consider its objectives, associated risks and any other fees or expenses that may apply. Investing entails the risk of loss of principal. You can find a fund's prospectus by logging into your Mutual Fund Selection investment account through HSA Bank's Member Website and selecting the mutual fund of choice. You can also call the fund's toll free number to request a prospectus.