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Best HSA Provider For Investing HSA Money

Tuesday, January 21, 2014 - 8:11 AMEli Lilly Credit Union - Details
Harry Sit of The Finance Buff classifies Eli Lilly FCU as the best deal for HSAs for those who also want a top savings account rate and free access to a brokerage account. Below is an excerpt:
Elfcu doesn’t charge any setup fee or maintenance fee. You can invest 100% of your money via TD Ameritrade once you have at least $2,500. If you choose to leave some money behind in the savings account at Elfcu, you earn 1%, which is about the best you can get these days for a savings account. 

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7
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
1. Monday, April 21, 2014 - 3:10 PM
Elfcu appears to be discouraging regular/monthly transfers to the investment account with a $24 wire charge for each transfer from Elfcu HSA checking to Ameritrade.  No charge was announced to move the money from Ameritrade back to Elfcu HSA checking.

“Effective April 15th, Elfcu will be assessing a $24.00 wire transfer fee for all OUTGOING Wires being debited from HSA Accounts. Wire transfers are generally requested to transfer HSA funds for investment with TD Ameritrade. To correctly fund the wire, you must leave enough funds in the HSA account to cover the $24.00 wire fee. If funds are insufficient to cover the fee, the wire will be rejected and returned by the Special Accounts Department.”
1
jkinmdjkinmd15 posts since
Jul 1, 2010
Rep Points: 62
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