I had an HSA thru my mega-motors employer. Post-retirement, I left my HSA with their Custodian, as there were no account maintenance fees assessed to me.
I recently received a notice from the Custodian indicating that they will now be assessing various monthly fees:
Custody and Admin Fee..................................... $2.00/mo (for acct bals below $5K)
Add'l Admin fee after Separation of Employment....$3.95/mo
(Also a transfer fee of $16, waived until 10/1/16, if funds are moved to another Custodian)
I have about $13K on account. My annual fees would be just under $48/yr.
I would prefer to minimize my account fees and optimize my investment options.
I know there are many here who have HSA accounts. Which low fee Custodian do you favor and why? Also, any suggestions as how best to invest these HSA funds? (I've NOT been using this account to pay for my few medical expenses which consist of Medicare-related monthly fees.)
omni
I recently received a notice from the Custodian indicating that they will now be assessing various monthly fees:
Custody and Admin Fee..................................... $2.00/mo (for acct bals below $5K)
Add'l Admin fee after Separation of Employment....$3.95/mo
(Also a transfer fee of $16, waived until 10/1/16, if funds are moved to another Custodian)
I have about $13K on account. My annual fees would be just under $48/yr.
I would prefer to minimize my account fees and optimize my investment options.
I know there are many here who have HSA accounts. Which low fee Custodian do you favor and why? Also, any suggestions as how best to invest these HSA funds? (I've NOT been using this account to pay for my few medical expenses which consist of Medicare-related monthly fees.)
omni
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