"AskTony" column archive

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Free HSA Account?

originally posted: 11/22/2006 reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email asktony@tonynovak.com.

Q: I read that the only free Health Savings Accounts without fees required a specific company's health insurance. Is that the case with the First American Bank HSA?

A: No, this has changed. First American Bank now offers a free interest-paying HSA account with basic features to anyone with a qualifying insurance plan from any insurance company. The account is available in all 50 states and DC though online enrollment. This is an interest-bearing account only; no securities are offered. Statements are provided online. If you need paper statements by mail, there is a $3/month fee. Otherwise this is the bet deal available for an HSA now.

Free HSA Account?

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