Adriondack Trust Company HSA

They are paying 5% on an HSA, no fees. Deposit Accounts shows them only when searching nationwide and local. In a call to them I found that anyone can open one. I was also told that the rate is dropping to 3% as of May 1, 2011. I asked how long they had been paying 5% and they said since the inception of the account in 2006.

I went through the online application and found two issues. First while you can open the account with an electronic transfer the limit is $2,000. You can open the account online with a $0 balance and mail a check which is what I am doing. The account showed up the same day I opened it and I was able to access it online. The second issue is that nowhere in the online app process do they ask what year the contribution is for which is another reason I mailed in a check as I am making the 2010 contribution.

You can't set up ACH through them but if your bank allows you to initiate ACH transfers you can presumably set it up with them that way. In fact I have set that up and it was successful.

Jim