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Best bank for HSA savings?

         

cgikira

2:56 pm on Apr 16, 2007 (gmt 0)

10+ Year Member



I've been self-employed for a number of years now but am only now setting up an HSA insurance plan. My insurer doesn't seem to provide much guidance on where to open an HSA savings account though. Can anyone recommend a good one? (or suggest where to search?)

Thanks!

jtara

5:21 pm on Apr 16, 2007 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



I am a big fan of credit unions. In general, they provide higher interest rates on savings, lower interest rates on loans, lower fees, and better and more personal service.

Credit unions have recently been offering expanded services - for example, my credit union now offers business checking and savings, and I was even able to open an account for a trust.

See if a credit union in your area offers HSA savings accounts, as mine does. Many credit unions now have no elegibility requirement, or else have very broad requirements, such as living in a particular city.