Investing your health savings account (HSA) funds is a great way to contribute, grow, and use your HSA funds tax-free.
How to open an investment account
Select Invest.
Select Start Investing.
Select Open My Account to start your application. Answer a series of prompts that will ask for your employment status, occupation, annual income, and some legal details.
After your investment account has been created, select Start Investing to invest your HSA funds!
Drivewealth partnership
We partner with DriveWealth, a global fintech investment platform, to empower you to control your investments from the palm of your hand. DriveWealth’s modern infrastructure allows us to provide you with an easy and straightforward experience when dealing with your investments, as it should be!
Investment threshold requirements
To open an investing account, you must have enough funds in your HSA to meet the investment threshold requirements. You can invest any HSA funds that exceed this requirement. You can see the required amount by going through the onboarding process for an investment account or selecting Profile under Investment Settings.
Note
The investment threshold is set by administrators and varies per HSA program.
Investment onboarding
During onboarding, we’ll ask you questions to ensure compliance with regulations. Depending on your answers, you may be asked to share additional information or not be allowed to open an investment account.
Investment fees start at $1/month
Investment accounts with a balance below $5,000 are charged a monthly fee of $1.
Investment accounts with a balance of $5,000 or more are charged a monthly balance fee of .01%.