What are my interest rate and cash options?
As a Health Savings Account (HSA) holder, you may have two interest rate and cash options, including:
Basic Rates: The Basic Rates cash option is a federally insured option for your HSA Cash balance. Cash funds are held in an FDIC-insured or NCUA-insured institution and are eligible for deposit insurance, subject to applicable requirements and limitations. Interest rates are subject to change.
Enhanced Rates: The Enhanced Rates option offers higher interest compared to our Basic Rates option to potentially maximize health savings for eligible members. It is an interest-bearing group annuity contract issued by participating insurance companies for your HSA cash balance. Principal and interest are subject to risk of loss and not covered by deposit insurance. Interest rates are subject to change. Guarantees subject to claims-paying ability of insurer.*
To view rates and select your cash placement option:
Login to your HealthEquity HSA online account.
Select Interest Rates from the Manage Account section of the dashboard.
Choose your desired rates.
You can change your cash placement option at any time.
*HealthEquity does not provide legal, tax or financial advice. Always consult a professional when making life-changing decisions.