Can Fidelity HSA Buy CD? All You Need to Know About HSA Investments

When it comes to investing your Health Savings Account (HSA), many people wonder if they can buy a CD (Certificate of Deposit) through Fidelity HSA. The good news is that Fidelity HSA offers various investment options, including CDs, to help you grow your HSA funds over time.

Here is some useful information to consider:

• Fidelity HSA supports a range of investment choices, such as mutual funds, stocks, bonds, and CDs.
• CDs are an attractive option for HSA investors looking for a low-risk, stable investment with a fixed interest rate over a set period.
• Investing in a CD through Fidelity HSA can provide a secure way to earn interest on your HSA funds while preserving the principal amount.
• CDs typically have different maturity terms, ranging from a few months to several years, allowing you to choose a CD that aligns with your investment goals.
• Before investing in a CD through Fidelity HSA, it's essential to review the terms and conditions, including the interest rate, term length, and any potential penalties for early withdrawal.
• Keep in mind that while CDs offer stability and predictable returns, they may have lower earning potential compared to other investment options like stocks or mutual funds.

Overall, investing in a CD through Fidelity HSA can be a suitable choice for HSA accountholders looking for a secure and conservative approach to building their HSA savings.

Are you considering where to invest your Health Savings Account (HSA) funds? Many people ask if they can purchase a CD (Certificate of Deposit) through Fidelity HSA, and the answer is yes! Fidelity HSA provides a variety of investment opportunities, including CDs, that can help you expand your HSA balance over time.