What Options Do I Have to Invest My HSA?

Check eligibility on the go — browse 7,000+ HSA-eligible products in the free app.

HSA investing options and account types

If you have a Health Savings Account (HSA), you may be wondering how you can make the most of it by investing your funds. Here are some options to consider:

1. Cash Account: A standard HSA usually comes with a cash account similar to a savings or checking account. It's a safe place to store your funds, but the interest rates may not be very high.

2. Investment Options: Some HSAs offer the opportunity to invest in various options such as stocks, bonds, mutual funds, or exchange-traded funds (ETFs). This can help your savings grow over time.

3. HSA Investment Account: You can open an HSA investment account through a brokerage firm or financial institution. This allows you to invest your HSA funds in a range of options tailored to your risk tolerance and investment goals.

Guidance for choosing an investment approach

4. TDs and CDs: Certificates of Deposit (CDs) and Treasury Bonds are secure investment options that can provide steady returns. While they may not offer high returns, they are low-risk investments.

5. Consult a Financial Advisor: If you're unsure about how to invest your HSA funds, consider consulting a financial advisor. They can help you navigate investment options and determine the best strategy based on your financial objectives.

If you have a Health Savings Account (HSA), there are various strategies for investing your funds to maximize their potential. One option is to maintain a cash account, which provides security but typically offers low interest rates. However, with the right investment approach, you can significantly enhance your savings.