Interior FCU Closing All HSA Accounts By Aug 31

uhwtm2
  |     |   21 posts since 2023

Ok found out more info

Interior FCU will be closing all HSA accounts and all HSA money must be moved out by August 31. HSA Cd's must be closed early & money moved too, but no penalty. Those with HSA accounts will be receiving a letter in the coming weeks.

Apparently not many people had HSA with them and they did not want to pay the cost to their vendor for HSA platform. But 2 months isn't a lot of time when people go on vacation in summer.

Interior was 1 of the few places with traditional non-brokerage HSA Cd's. Veridian does it but with low rates and a monthly HSA fee and NASA (thanks johnnyrotten) too but only on short term 6 month and 1 year Cd's, not any of the other terms. Interior allowed all Cd's to be a HSA Cd.

Brokerage houses Fidelity and Schwab offer HSA account for brokered Cd's or investment. But the best place for traditional HSA Cd's, Interior, is shutting their HSA program down. All HSA money must be moved out by Aug 31.



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