From ColoradoHealthInsuranceWiki
[edit] Changing Page Name to "HSA Providers"
With any of the mutual funds or brokerage services, assets are invested in stocks, so there is risk involved and there are no minimum earnings. In mutual funds or brokerage investments, there is no interest earned, only a gain or loss from daily changes in the values of the underlying stocks.
So, these "providers" are not actually "banks" because assets have to be invested (hence the absence of guaranteed minimum earnings). A more appropriate title for this page would be HSA Providers.
[edit] Choose A Bank Custodian for Your HSA
Whether you purchased your HSA qualified high deductible health insurance plan through Insurance Shoppers or not, you can use this page to find the HSA trustee that works best for you. Some providers are not available in Colorado. Insurance Shoppers does not have agreements with any certain providers and choosing the one that works best for you will depend on a wide range of variables (fees, interest rates, investment options, services, etc).
[edit] More HSA Tools
[edit] Thanks For Keeping This Page Current
The data on this page is maintained primarily by employees of the HSA providers as well as our knowledgeable readers. If you notice an out of date entry, please click edit for that letter of the alphabet to change it - or even create an entry for a new provider. It is very easy to edit this page and you don't even need to login or create an account if you don't want to.
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| American Chartered Bank | N/A | N/A | N/A | N/A | Checking Account & CDs | 1.00% | Checkbook & Debit Card
|
| American Health Value | $15 | $30 | N/A | $36 | Savings Accounts & Mutual Funds | 0.57% | Checkbook & Debit Card
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| Bancorp Bank | N/A | $10 | $3 | N/A | Savings Accounts | 1.32% | Checkbook & Debit Card
|
| Bank of Cashton | N/A | N/A | N/A | $25 | Savings Accounts | 3.01% | Checkbook & Debit Card
|
| Bank of Choice | $25 | $1000 | N/A | $25 | Savings Accounts | 0.80% | Checkbook
|
| Bank of Colorado | N/A | $100 | $3 | N/A | Checking Account | 1.75% | Checkbook & Debit Card
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| Cattle National Bank | $20 | $25 | N/A | N/A | Savings Accounts | 2.87% | Checkbook & Debit Card
|
| Chase/Bank One | $20 | $20 | $4.25 | N/A | Savings Accounts | 3.50% | Checkbook & Debit Card
|
| Choice Financial | N/A | N/A | N/A | $25 | Mutual Funds | 3.25% | Debit Card
|
| Cornerstone Community | $28.65 | N/A | $2 | N/A | Checking Account | 1.00% | Checkbook $8.65/book
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| Discovery Benefits | N/A | N/A | $3 | $25 | Money Market & Mutual Funds | 0.00% | Debit Card
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| Equity Trust Company | $50 | N/A | N/A | $185 | Mutual Funds & Stock | 0.00% | Checkbook
|
| Exante Bank (Name changed to Optum Health on 3/13/2008) | $12 | $25 | $3 | N/A | Mutual Fund | 4.00% | Checkbook & Debit Card
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| First American | N/A | N/A | N/A | N/A | Checking Account | 1.00% | Checkbook & Debit Card
|
| First HSA | $25 | $50 | $5 | N/A | Full Brokerage Services | 1.40% | Checkbook & Debit Card
|
| First National Bank of Colorado | $15 | N/A | N/A | $30 | Checking Account | 4.74% | Checkbook & Debit Card
|
| Flex HSA | $30 | N/A | $5.00 | N/A | Full Brokerage Services | 0.00% | Debit Card
|
| Freedom HSA | $0 | $0 | $2.50 | Mutual Funds | Savings Account | 3.00% | Debit Card & Online Accounts
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| Grand Valley National Bank - Colorado | N/A | N/A | $5.00 | N/A | Checking Account | 0.50% | Checkbook
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| Health Savings Admin | $20 | $50 | N/A | $35 | Savings Accounts and Mutual Funds | 0.00% | Withdrawal
|
| Home Federal Savings | $25 | $50 | $2 | N/A | Full Brokerage Services | 0.00% | Checkbook & Debit Card
|
| Home State Bank | N/A | $50 | N/A | $25 | Savings Account | 2.40% | Checkbook & Debit Card
|
| HSA Bank | $18 | $25 | 2.25 | N/A | Full Brokerage Services | 0.00% | Debit Card
|
| HSA Resources (Falcon National Bank) | N/A | N/A | N/A | $25 | Full Brokerage Services | 0.10% | Checkbook & Debit Card
|
| HSA Trustee Bank | $25 | N/A | N/A | N/A | Free Debit Card | 0.00% | Free Debit Card. Optional Checkbook availability. There is a
service charge of $1.00 per check ($8.00
check order fee payable with application)
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| Itasca Bank | N/A | N/A | N/A | N/A | Savings Account | 1.11% | Debit Card
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| None | N/A | N/A | N/A | N/A | N/A | N/A | N/A
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| Key Bank | $25 | N/A | $5 | $10 | Checking Account | 1.24% | Checkbook & Debit Card
|
| Kit Carson State Bank - Colorado | $25 | $25 | N/A | $25 | Checking Account | 2.50% | Checkbook
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| None | N/A | N/A | N/A | N/A | N/A | N/A | N/A
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| Mellon | $10 | N/A | $3.50 | N/A | N/A | 1.01% | Checkbook & Debit Card
|
| Merrill Lynch | $50 | N/A | N/A | $100 | Full Brokerage Services | 3.00% | Checkbook & Debit Card
|
| MSaver | $25 | $100 | N/A | $60 | Savings Accounts & Mutual Funds | 0.50% | Checkbook & Debit Card
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| New Frontier Bank - Colorado | N/A | N/A | N/A | N/A | Checking Account | 4.31% | Checkbook & Debit Card
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| Oak Brook Bank | $25 | $25 | N/A | N/A | Checking Account | 0.75% | Checkbook & Debit Card
|
| Oklahoma State Bank | $15 | N/A | N/A | N/A | Savings Accounts | 1.00% | Checkbook & Debit Card
|
| Optum Health (Formerly Exante Bank) | $12 | $25 | $3 | N/A | Mutual Fund | 0.00% | Checkbook & Debit Card
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| Professional Bank, N.A. | $25 | N/A | $2.50 | N/A | Savings Accounts | 0.75% | Checkbook & Debit Card
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| None | N/A | N/A | N/A | N/A | N/A | N/A | N/A
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| None | N/A | N/A | N/A | N/A | N/A | N/A | N/A
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| Saturna Capital Corp | N/A | $100 | N/A | N/A | Mutual Funds & Discount Brokerage Services | N/A | Checkbook
|
| State Farm Bank | N/A | $100 | N/A | $25 | Savings Account | 1.09% | Checkbook
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| Thoroughbred Health Bank | $15 | $50 | N/A | N/A | Savings Accounts | 1.00% | Debit Card or Checks ($13.75/150 checks)
|
| Thrivent Financial Bank | $20 | N/A | N/A | $20 | Savings Accounts | 0.25% | Debit Card
|
| Town Bank | $25 | N/A | N/A | N/A | Savings Account | 0.00% | Debit Card
|
| Time Must have an HDHP with Time Health Insurance | N/A | N/A | N/A | N/A | Savings Account | 2.00% | Withdrawal
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| U.S. Bank | $15 | N/A | $3.25 | N/A | Full Brokerage Services | 0.00% | Debit Card
|
| United Healthcare | $10 | $25 | $3 | N/A | Checking Account | 4.00% | Checkbook
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| None | N/A | N/A | N/A | N/A | N/A | N/A | N/A
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| Wells Fargo | N/A | $100 | $4.25 | N/A | Savings Accounts & Mutual Funds | 2.39% | Checkbook & Debit Card
|
| Westfield Bank | N/A | $50 | $3.75 | N/A | Checking Account & CDs | 0.50% | Checkbook & Debit Card
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| None | N/A | N/A | N/A | N/A | N/A | N/A | N/A
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| None | N/A | N/A | N/A | N/A | N/A | N/A | N/A
|
| Account Administrator
| Setup Fee
| Opening Balance Minimum
| Monthly Fee
| Annual Fee
| Investment Options
| Minimum Interest Rate
| Services
|
| None | N/A | N/A | N/A | N/A | N/A | N/A | N/A
|
