# HSAs (Health Savings Accounts): Anybody have them? Finding reputable banks?

**URL:** <https://boards.straightdope.com/t/hsas-health-savings-accounts-anybody-have-them-finding-reputable-banks/296093>\
**Category:** In My Humble Opinion\
**Created:** [March 24, 2005, 9:47pm UTC](https://boards.straightdope.com/t/hsas-health-savings-accounts-anybody-have-them-finding-reputable-banks/296093 "2005-03-24T21:47:58Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![toadspittle](https://avatars.discourse-cdn.com/v4/letter/t/c0e974/32.png) [@toadspittle](https://boards.straightdope.com/u/toadspittle)\
**Post date:** [March 24, 2005, 9:47pm UTC](https://boards.straightdope.com/t/hsas-health-savings-accounts-anybody-have-them-finding-reputable-banks/296093/1 "2005-03-24T21:47:58Z")

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I’m looking into switching over to an HSA-compatible health insurance plan. Does anyone have any experience with them? My biggest worry is actually finding a good/reputable bank to manage the HSA itself. Most of the ones that handle them are not well-known names, and they often have obscene fees. Any recommendations?

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**Author:** ![TheBoneyKingofNowhere](https://avatars.discourse-cdn.com/v4/letter/t/b9e5f3/32.png) [@TheBoneyKingofNowhere](https://boards.straightdope.com/u/TheBoneyKingofNowhere)\
**Post date:** [March 24, 2005, 9:58pm UTC](https://boards.straightdope.com/t/hsas-health-savings-accounts-anybody-have-them-finding-reputable-banks/296093/2 "2005-03-24T21:58:50Z")

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I have one that supplemented the health policy through Fortis Health (now called Assurant Health). Originally (back in '04) interest rates were 4% for balances over $2500 and 3% for balances over $750. Now, they are are 3% and 2%, respectively. No real fees and I get quarterly statements. I’ve never used any of the funds I’ve contributed, so can’t say anything about the administration. I’ll have to see what “bank” they’re using. I know the big bank here in Omaha (first national) has them.

[http://www.hsabank.com](http://www.hsabank.com) might be useful…

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**Author:** ![SlowMindThinking](https://avatars.discourse-cdn.com/v4/letter/s/dc4da7/32.png) [@SlowMindThinking](https://boards.straightdope.com/u/SlowMindThinking)\
**Post date:** [March 25, 2005, 12:18am UTC](https://boards.straightdope.com/t/hsas-health-savings-accounts-anybody-have-them-finding-reputable-banks/296093/3 "2005-03-25T00:18:44Z")

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I have an HSA through my health insurance. I work for a huge company, though, so I don’t even know if we use a bank.

I really like the HSA, though. It simultaneously provides an incentive to practice medical frugality, while providing coverage of absolutely everything. Essentially, I’m covered for anything for which I can get a prescription, as long as I don’t exceed the HSA amount. (This is our first year, so there is nothing built up, yet.)