HSA Bank Suggestions (rate, transfer, credit, checking account)

[AutumnTraveler]

Does anyone have HSA bank suggestions for the self-employed?

A web search turns up tons.

Criteria:
- online contribution transfer from checking account into HSA
- credit card which deducts from my account
- no monthly fees
- percentage interest

Thanks

[AutumnTraveler]

Did some research here and it appears the major banks have them. It's odd though that some of them have much higher fees than others. Bank of America is $4.50 per month while Chase Bank is $2.50 per month. Why would I choose Bank of America then?

Anyway, Chase looks like the best option at the moment.

[user_id]

hsabank.com is probably one of the best. I believe it deals the most with individuals, rather than companies setting up HSA accounts for their employees. I think the accounts at BofA, etc are more geared around corporate accounts.

[Thepreacherswife]

Originally Posted by user_id

hsabank.com is probably one of the best. I believe it deals the most with individuals, rather than companies setting up HSA accounts for their employees. I think the accounts at BofA, etc are more geared around corporate accounts.

I used to like HSABank but they started nickeling and diming you for everything. Does your insurance carrier have a deal going with anyone?

[golfgal]

Have you checked with your bank? Often banks will waive fees for HSA's if you have other accounts with them or if your balance is over a certain amount.

[AutumnTraveler]

Originally Posted by golfgal

Have you checked with your bank? Often banks will waive fees for HSA's if you have other accounts with them or if your balance is over a certain amount.

I use Bank of America and they have an HSA. Their fee is currently $4.50 per month but the interest rate is 1.5%. Chase charges $2.50 per month and their interest rate is .45%. If I do some math it appears BOA is the better deal if balance reaches over $3600, whereas with Chase I would need to reach a balance of over $6500 to break even.

I called BOA and they said the fee exists regardless of balance. I haven't checked with Chase yet.

I found a link with some HSA comparisons.

[PeteyNice]

American Chartered Bank meets all of your qualifications. I have my HSA with them and am very happy.

Health Savings Account (HSA)

[AutumnTraveler]

Originally Posted by PeteyNice

American Chartered Bank meets all of your qualifications. I have my HSA with them and am very happy.

Health Savings Account (HSA)

Thanks for the input! It appears that is does qualify :-) I am wondering if there is a hidden catch as this is the first one I've seen without fees. I will consider it. Thanks.