HSA Self-Directed Investment Options
HSA Bank provides unique opportunities to invest Health Savings Account (HSA) funds in self-directed investment options.1 It’s a great way to potentially grow HSA funds for healthcare expenses, or save funds as a nest egg for retirement.
Devenir Guided Portfolio Self-Directed Investment Program2:
Offers low-cost, no-load mutual funds, covering a range of asset classes.
HSA Guided Portfolio tool used to select investment elections and realign your portfolio
Auto-Rebalance timing feature to keep your portfolio allocation in line with your individual needs
Quarterly performance review of mutual fund selections by SEC-registered investment advisors
Online access to investment account history, balance information, future elections, trades, and much more through HSA Bank’s Member Website
Access to Morningstar® pages, fund fact sheets, and prospectuses
Devenir will charge a quarterly asset based fee which is calculated on the amount invested and deducted pro rata from the investment account; no commission on investment trades
Note: If you are an existing HSA Bank member, you may have access to a different fund lineup. To view your list of available mutual funds, log into your account and click on "Manage Investments."
TD Ameritrade Self-Directed Brokerage Option:
Offers a wide selection of investment choices, educational resources, and services.
Stocks, bonds, ETFs, and thousands of mutual funds
Online access to real-time data3, customizable charts, and one-click integrated trading
Integrated, online access to trading, balance information, and much more through HSA Bank’s Member Website
Ability to place trades by website, telephone, mobile device, and broker
Access to independent research tools, such as S&P and Morningstar®
Trading fees may be applied by TD Ameritrade; additional fees vary by program, location or arrangement
HSA Bank does not provide brokerage/investment services; brokerage services are provided by TD Ameritrade, Inc., member FINRA/SIPC/NFA, and investment services are provided by Devenir. HSA Bank, TD Ameritrade, and Devenir are separate, unaffiliated companies and are not responsible for each other’s services or policies. Self-directed investment accounts are the sole responsibility of the account owner. Carefully weigh the advantages and disadvantages of investing your HSA funds before doing so. HSA Bank and other business entities receive compensation for providing various services to the funds including an annual asset-based fee for services rendered in association with the investment account. Your ability to replace losses in the investment account may be limited by the annual contribution limits of your HSA. HSA Bank does not offer investment advice.
Investment accounts are not FDIC insured and they are not bank guaranteed. Investment accounts are not a deposit account, or an obligation of HSA Bank, and they may lose value. They are not guaranteed by any federal government agency. Performance data and ratings represent past performance and are not a guarantee of future results. Investment returns and principal value will fluctuate and investors’ shares, when sold, may be worth more or less than their original cost.
You may incur a $3.00 HSA Investment Service Fee which only applies to the brokerage investment option. This fee does not apply to the Devenir Mutual Fund Investment Program. You can avoid this fee if the HSA cash account balance is at or above the balance waiver amount of $5,000. The Balance Waiver Amount reflects the minimum average daily balance that must be maintained in the HSA Bank cash account balance for the calendar month to prevent the HSA Investment Service Fee from being charged. Only the funds in the HSA Bank cash account balance are included in the balance waiver amount. The balance waiver does not include any investment balance.
1. You may begin investing once you have a minimum of $1,000 in your HSA Bank cash account. Only HSA funds above $1,000 in your HSA Bank cash account can be transferred to your investment account.
2. Neither HSA Bank, nor Devenir Group, LLC, the third party, can provide investment advice to you on this program. Once you transfer funds from your HSA cash account to HSA investment account, these dollars are no longer covered by applicable FDIC insurance. We recommend you speak with a licensed investment advisor or consult the prospectus should you have questions about any investment.
3. Access to real-time market data is conditioned on acceptance of the exchange agreements. Professional access differs and subscription fees may apply. Research provided by unaffiliated third-party sources is deemed reliable to TD Ameritrade. However, TD Ameritrade does not guarantee accuracy and completeness and makes no warranties with respect to results to be obtained from use. TD Ameritrade does not recommend disabling the order preview screen when using the one-click feature. TD Ameritrade is not responsible for orders placed inadvertently. Past performance does not guarantee future results. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and the Toronto-Dominion Bank. Used with permission. HSA Bank receives compensation from TD Ameritrade for performing certain services.
SECURITIES AND INVESTMENTS: NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE