Where did you open an HSA?

Question

I have been accepted for a new high dedecutable health insurance plan for a single individual at $1000. I have been reccomended to open an HSA. Apparently each bank has a range of different policies regarding monthly fee's, penalties, etc....anyone reccommend a bank they've had success with?

Answer 1

The insurance carrier that you have the high deductible plan with will most likely have certain banks they work with.

Answer 2

vimo dot com has a great comparison of HSA's and lets you sort them out by which feature are most important to you.

Answer 3

Best bank, by far, at the moment is actually a credit union.

Call Patelco.  They have a very high interest rate and no fees.  415-442-6200.  Hopefully, you can open an account via the mail.

If not, call American Charter Bank; much lower interest, but no fees.  

Go to HSA Insider.com to see banks that have paid for a spot on their comparison sheet.