1. ElleX

    Thank you for this article. I have a HSA that is invested but I, also, have an TD Ameritrade account that I have funds in Money Market that I could have in a Vanguard EFT. Thank you. You have no idea how much I have gained from reading every one of your blog posts.

  2. Dave

    If the wire fee is a one time fee then you have a better option than my wife and I, but if you have to pay it anytime you move money into TDA then we may have a decent option too. We use Saturna Capital for our HSA. No fees for the HSA account as long as you make at least one trade per year. If we want to buy stocks, etfs, vanguard, etc then it is $15/trade. So we just deposit our full HSA contribution in the first part of each year, make one trade, and are done. Fully funded for $15/year. Would love to get rid of that fee too but unless they reduce the trading fee it will have to stay. Compared to our previous option (BofA HSA account with $5/month fee kept in a savings account) Saturnalia has been wonderful. Easy-peasy 🙂

    • So far, we’ve only had one wire-transfer fee. However, any future contributions would trigger that fee, so it will nip us a little. I see us front-loading and then moving the funds over to TD Ameritrade. I certainly don’t plan on have multiple transfer fees every year. It sounds like your Saturna option option is another great option. I’ll check it out. Thanks for the visit.

    • Chris, that’s the first time I’ve seen them, but I can’t say that I’ve been looking. At $36 bucks a year plus 24 basis points added to underlying investment, it certainly looks like a decent option. If you bought VTSAX in Health Equity, it would be a total of 28 bips (4 + 24) to got with the $36 account maintenance fee. My HSA has $0 account maintenance fee (because I keep $2,500 in HSA savings) and 4 bips for the VTI investment. Dont’ forget that it did cost me $24 to move that money over to TDA from Elements. It looks like you’ve found a decent option for sure. Thanks for reading. Ed

  3. Jeff

    I’ve been overpaying with HSA Administrators for quite sometime. I just completed the Tru Direction application and now I’m waiting to hear back from Elements Financial to confirm my application with them.

    My HSA assets sit around 76K right now so the fees matter. Thanks for waking me up!!

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