Your self-directed investment options
HSA Bank provides unique opportunities to invest Health Savings Account (HSA) funds in self-directed investment options.* 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 investment program:
This is a user-friendly program that combines professional guidance with an easy-to-use platform. Perfect for new investors, this helps you create a customized investment allocation that fits your lifestyle and HSA investment goals.
-
Competitive fund lineup with professionally selected, low-cost, no-load mutual funds covering a range of asset classes and families.
-
Easy-to-use online planning tool to help you start investing and manage your investment account.
Options to automatically adjust your investments following your preferred schedule and auto-rebalance to align with goals.
Quarterly performance review of mutual fund selections by FINRA-registered investment advisors.
-
Online access to account history, balance information, future elections, trades, and more through the Member Website.
Access to Morningstar® pages, fund fact sheets, and prospectuses.
Low-cost with no minimum investment and no commission on investment trades. Devenir’s quarterly asset-based fees may be applied on the amount invested and deducted pro rata from the investment account.
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."
Schwab Health Savings Brokerage Account:
This is intended for those who are knowledgeable, experienced investors who are seeking a wider range of investments or those who may be engaging with their own professional investment advisor.
-
Wide range of investment options include stocks, bonds, mutual funds and Exchange Traded Funds (ETFs).
-
Fractional share trading available in S&P 500 companies which is a ‘slice’ of stock that represents a partial share, for as little as $5.**
Access a variety of investment tools and services to help you choose the investments that are right for you, including the Schwab Portfolio Checkup, customizable screens and lists of prescreened funds.
Automatic investing is available in qualified mutual funds.
Manage your account and place trades on Schwab.com, Schwab Mobile app or over the phone through a Schwab Registered Representative.
Find the right investments for you with access to powerful proprietary research tools on Schwab.com as well as independent, third-party research from leading providers.
Transaction fees and commissions may be applied by Charles Schwab.
SECURITIES AND INVESTMENTS
Not Insured by FDIC or Any Other Government Agency |
Not Bank Guaranteed |
Not Bank Deposits or Obligations |
May Lose Value |
*You may be required to keep a minimum balance in your HSA cash account to invest funds.
Schwab Health Savings Brokerage Account (HSBA) is offered through Charles Schwab & Co., Inc. (Member SIPC), a registered broker/dealer, which also provides other brokerage and custody services to its customers. Devenir Mutual Fund Selection Option is provided by Devenir Group LLC, a Registered Investment Advisor that selects and monitors the performance of the mutual fund lineup.
HSA Bank, Charles Schwab & Co., Inc., and Devenir Group, LLC are not affiliated and not responsible for the products and services provided by the other. Self-directed investing is the responsibility of the account owner. Neither HSA Bank, Schwab nor Devenir can provide investment advice to you. We recommend you speak with a licensed investment advisor or consult the prospectus should you have questions about any investment. Your ability to replace losses in the investment account may be limited by the annual contribution limits of your HSA.
**Schwab Stock Slices is not intended to be investment advice or a recommendation of any stock. Investing in stocks can be volatile and involves risk including loss of principal. Investors should consider their individual circumstances prior to investing. The “S&P 500® Index” is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by Charles Schwab & Co., Inc. (“CS&Co”).
Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). Schwab Stock Slices is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and none of such parties make any representation regarding the advisability of using Schwab Stock Slices or investing in any security available through Schwab Stock Slices, nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.