SelectAccount is one of the largest health savings account (HSA) custodians and account administrators in the nation. We've been at the forefront of innovation in health spending accounts since 1989, and we've earned a reputation as one of the most experienced and trusted account administrators in the country.


User Ratings
GD Star Rating

HSA Program Features

FDIC or NCUA Insured:
  • Debit Card
  • Investment Options

Interest Rates

Interest rates for various balance tiers
Premium Saver HSA
$0-$9,999 1.05%
$10,000 - $24,999 1.15%
$25,000 - $49,999 1.75%
$50,000 or Greater 2.00%
Select Saver HSA
All Balances 0.07%
Basic Saver HSA
$0 - $999 0.25%
$1,000 - $4,999 0.40%
$5,000-$9,999 0.50%
$10,000-$24,999 0.75%
$25,000-$49,999 1.00%
$50,000 or Greater 1.25%
Thrift Saver HSA
$0 - $499 0.05%
$5000 - $1,499 0.10%
$1,500-$9,999 0.20%
$10,000-$24,999 0.30%
$25,000-$49,999 0.50%
$50,000 or Greater 0.70%
Last checked on: 02-06-2015


Monthly Maintenance Fee $1.00 - $4.00*
Account Opening Fee $0.00
Account Closing Fee $0.00

* Premium Saver HSA is $4.00 / month, Select Saver HSA is $3.00 / month, Basic Saver HSA is $2.50 / month and Thrift Saver is $1.00 / month

Investment Options

Mutual Funds:    Self-Directed Brokerage:    CDs:    Other:

Mutual Fund Details

Investment Threshold: $1,000
Investment Fee: $18 / Year
You can open an HSA Basic Investment Account once your base balance exceeds $1,000, giving you access to a variety of no-load and load waived pre-selected mutual funds.

Self-Directed Brokerage Details

Once your HSA Basic Investment Account exceeds $10,000, you can open a self-directed HSA Brokerage Investment Account with Charles Schwab & Co. Inc., giving you access to more than 2,500 mutual funds as well as stocks, bonds and other investments.

Contact Information

General Information

Website SelectAccount's HSA Website

Customer Service

Mailing Address SelectAccount
P.O. Box 64193
St. Paul, MN 55164-0193
Phone Number 800-859-2144

Sales Department

Phone Number 855-363-2583

SelectAccount Discussion

  • moses in ohio

    In reading the SelectAccount HSA custodial agreement, I see that only the Select Saver HSA is an FDIC insured product. The other three (thrift, basic, premium) are actually deposits in the general account of MII Life (dba SelectAccount), a life insurance company regulated under Minnesota law. As such the guarantee of principal and interest is solely based on the company’s continued claims paying ability. I have not been able to find any information about the financial strength of MII Life. Anybody have additional information or can point me in the right direction?