SelectAccount


About


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.

We want everybody to have the opportunity to benefit from a HSA, that is why we offer a completely free account option. No fees of any kind, no minimum balance and no obligations!

Additionally, we offer the WalletDoc suite of consumerism tools to empower all of our customers with the information to make the best possible decisions in regard to their healthcare.

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HSA Program Features

FDIC or NCUA Insured:
Min Balance to Open:
$0.00
Features:
  • Debit Card
  • Online Banking
  • Investment Options

HSA Interest Rates

Interest rates for various balance tiers
PremiumSaver HSA
$0-$9,999 1.05%
$10,000 - $24,999 1.15%
$25,000 - $49,999 1.75%
$50,000 or Greater 2.00%
SelectSaver HSA
All Balances 0.07%
BasicSaver 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%
ThriftSaver HSA
$0 - $499 0.05%
$500 - $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%
FreeSaver HSA
All Balances 0.00%
Last checked on: 06-27-2017

Fees


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

* Premium Saver is $4.00 / month, Select Saver is $3.00 / month, Basic Saver is $2.50 / month, Thrift Saver is $1.00 / month (waived if average daily balance exceeds $2,500) and Free Saver is $0.00 / month

HSA Investment Options

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

Mutual Fund Details

Investment Threshold: $1,000
Investment Fee: $18 / Year

Once your base balance exceeds $1,000, you can open a Basic Investment Account, giving you access to a variety of no-load and load waived pre-selected mutual funds. You must keep at least $1,000 in the base balance of your HSA account. This does not include any amounts transferred for investment.

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. You must keep at least $1,000 in the base balance of your HSA account.

Contact Information

General Information

Website
Address 1750 Yankee Doodle Road
Eagan, MN 55121

Customer Service

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

Sales Department

Phone Number 855-363-2583

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