We just signed up for an HSA through my husband's employer. It's with a small local bank. Since we're just setting up the account, I called the bank to see what the investment options are and the woman on the phone said you can't invest the funds in an HSA. Right now it's earning .05% interest, just like a regular savings account. Do certain banks not let you invest the funds in an HSA, or is this person misinformed? Right now the account only has $200 in it, so could the low amount be the issue?
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No, not all. Take a spin here, and see what you find.
https://www.hsasearch.com/compare
Here is WCI's suggestion on how to choose!
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