HSA options
   
HSA Administrators
Interest
$0-$5K:
2.0%
$5K-$10K:
2.25%
$10K-$15K:
2.75%
Over $15K:
2.75%
Yes - see Wells Fargo website for current market rates
2.7%
$0-$499:
1%
$500-$2.5K:
1.73%
$2.5K-$5K:
2.13%
$5K-15K:
3.15%
Over $15K:
4.41%
$0-$1K:
1.8%
$1K-$5K:
2.3%
$5K-$10K:
2.7%
$10K-$15K:
3.2%
Over $15K:
4.2%
$0-$500:
0%
$500-$5K:
1%
$5K-$10K:
1.6%
$10K-$15K:
2.6%
Over $15K:
4%
FDIC Insured
(funds in Interest-bearing account)
YES
YES
YES
YES
YES
YES
Securities Investment Options
(Brokerage Account)
No-Load Mutual Funds
Consumer can invest account balances over $2000 in array of Wells Fargo Mutual Funds
YES
(For accounts over $2,000)
Investment options are available. Choose from over 7,000 mutual funds, 3,000 of which are no-load.
Investment options are available. Choose from over 7,000 mutual funds, 3,000 of which are no-load.
Any stock, bond or mutual fund
Set Up Fee
$15
$0
$10
$18
$0
$15
Monthly
Maintenance Fee
$4
(Waived with Deposit Balance of $1,500 or More)
$4.25
$3
$2.25
(Waived on balances of $3,000 or more)
$2.50
(Free first 90 days; waived if balance is over $2,500 or with any direct deposit)
$2.50
Closing Fee
$0
$0
N/A
$25
N/A
$20
Brokerage Account Fee
Free Trades
$5.00 Monthly Maintenance Fee;
0.15% Quarterly Asset-Based Fee
$0
N/A
$0
N/A
$0
Checks
Optional
(Free Online Bill Payments)
NO
YES
($1.50 / 6 checks)
YES
($7.95/ 50 checks)
YES
(no charge for first order)
NO
Debit Cards
YES
(Up to Two Free Debit Cards)
YES
(no charge for first two cards; $10 thereafter)
Yes
YES
(no charge for first two cards)
YES
(no charge for first two cards)
YES
(no charge for first card, $5 thereafter)
Auto Reimbursement
YES
(Easy Online Transfers to Other Bank Accounts)
NO
NO
NO
NO
YES
(e-checks and e-deposits)
Balance Requirements
None to Open Account; $1,500 to Waive Deposit Account Monthly Maintenance Fee; $2,500 to Begin Investing
$100 to open
$25 monthly deposit required
$25 initial deposit
None
None
Statements/Reporting
Monthly (Online and Optional Mailed Statements)
Year-End Tax Forms
Quarterly and
Year End
Monthly (online);
mailed upon request
Monthly and
Year End
Monthly and
Year End
Quarterly, Year End
and real-time access
to account status
Portable
YES
YES
Yes
YES
YES
YES
 
IMPORTANT NOTICES AND DISCLAIMERS
THIS HSA ADMINISTRATOR COMPARISON MATRIX IS A SUMMARY FOR INFORMATIONAL PURPOSES ONLY. THE INFORMATION IN THE MATRIX HAS BEEN PROVIDED BY THE HSA ADMINISTRATORS IDENTIFIED ABOVE. BECAUSE THIS INFORMATION CHANGES FREQUENTLY, CHECK WITH THE RELEVANT HSA ADMINISTRATOR TO CONFIRM ITS ACCURACY. YOU SHOULD ALSO REVIEW YOUR CHOSEN HSA ADMINISTRATOR'S ENROLLMENT DOCUMENTS FOR A MORE DETAILED DESCRIPTION OF CURRENT REQUIREMENTS, FEES AND INVESTMENT OPTIONS. ONLY THE TERMS AND CONDITIONS LISTED IN YOUR ENROLLMENT DOCUMENTS ARE BINDING.
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