Originally Posted by Oliver
Thanks for the info. Do you have any links to the fees and the interest rate earned on the $2,000?
Just got off the phone with them. They don't publish the rates on their web site, apparently because the rates vary according to the terms of their affiliate relationships.
For Vanguard affiliates, the checking account is interest bearing, and the rates are tiered.
The lowest tier (e.g., the $2000 in "dead" cash) would yield 2.75% (2.78% APY).
The highest tier (> $15,000) yields 4.3% (4.39% APY).
These rates fluctate based on market rates, but the rep I spoke to indicated that they haven't changed very frequently.
So, it looks like you'll basically give up 2%/year on a minimum cash deposit of $2000, or a "hidden" fee of $40/year.
Still seems better to me than HSA Administrators who charge $39/year + .36% of assets.