Choose A Bank Custodian for Your HSA
Whether you purchased your HSA qualified high deductible health insurance plan through Insurance Shoppers or not, you can use this page to find the HSA trustee that works best for you. Some providers are not available in Colorado. Insurance Shoppers does not have agreements with any certain providers and choosing the one that works best for you will depend on a wide range of variables (fees, interest rates, investment options, services, etc).
A
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| American Chartered Bank | N/A | N/A | N/A | N/A | Checking Account & CDs | 1.00% |
| American Health Value | $0 | $0 | N/A | $36 | Full Brokerage Services | 0.57% |
B
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| Bancorp Bank | N/A | $10 | $3 | N/A | Savings Accounts | 1.32% |
| Bank of Cashton | N/A | N/A | N/A | $25 | Savings Accounts | 3.01% |
| Bank of Choice | $25 | $1000 | N/A | $25 | Savings Accounts | 0.80% |
| Bank of Colorado | N/A | $100 | $3 | N/A | Checking Account | 1.75% |
C
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| Cattle National Bank | $20 | $25 | N/A | N/A | Savings Accounts | 2.87% |
| Chase/Bank One | $20 | $20 | $4.25 | N/A | Savings Accounts | 3.50% |
| Choice Financial | N/A | N/A | N/A | $25 | Mutual Funds | 3.25% |
| Cornerstone Community | $28.65 | N/A | $2 | N/A | Checking Account | 1.00% |
D
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| Discovery Benefits | N/A | N/A | $3 | $25 | Money Market & Mutual Funds | 0.00% |
E
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| Equity Trust Company | $50 | N/A | N/A | $185 | Mutual Funds & Stock | 0.00% |
| Exante Bank (Name changed to Optum Health on 3/13/2008) | $12 | $25 | $3 | N/A | Mutual Fund | 4.00% |
F
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| First American Bank | N/A | N/A | N/A | N/A | Checking Account | 2.00% |
| First HSA | $25 | $50 | $5 | N/A | Full Brokerage Services | 1.40% |
| First National Bank of Colorado | $15 | N/A | N/A | $30 | Checking Account | 4.74% |
| Flex HSA | $30 | N/A | $5.00 | N/A | Full Brokerage Services | 0.00% |
| Freedom HSA | $0 | $0 | $2.50 | Mutual Funds | Savings Account | 3.00% |
G
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| Grand Valley National Bank – Colorado | N/A | N/A | $5.00 | N/A | Checking Account | 0.50% |
H
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| Health Savings Admin | $20 | $50 | N/A | $35 | Savings Accounts and Vanguard Mutual Funds | 0.00% |
| Home Federal Savings | $25 | $50 | $2 | N/A | Full Brokerage Services | 0.00% |
| Home State Bank | N/A | $50 | N/A | $25 | Savings Account | 2.40% |
| HSA Bank | $18 | $0 | $2.25 | N/A | Full Brokerage Services | 1.00% |
| HSA Resources (Falcon National Bank) | N/A | N/A | N/A | $25 | Full Brokerage Services | 0.10% |
| HSA Trustee Bank | $25 | N/A | N/A | N/A | Free Debit Card | 0.00% |
I
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| Itasca Bank | N/A | N/A | N/A | N/A | Savings Account | 1.11% |
J
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| None | N/A | N/A | N/A | N/A | N/A | N/A |
K
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| Key Bank | $25 | N/A | $5 | $10 | Checking Account | 1.24% |
| Kit Carson State Bank – Colorado | $25 | $25 | N/A | $25 | Checking Account | 2.50% |
L
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| None | N/A | N/A | N/A | N/A | N/A | N/A |
M
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| Mellon | $10 | N/A | $3.50 | N/A | N/A | For the period July 1, 2008, through December 31, 2008, the interest rate to be credited to HSAs will be 1.0325%. This will result in an APY of 1.0374% |
| Merrill Lynch | $50 | N/A | N/A | $100 | Full Brokerage Services | 3.00% |
| MSaver | $25 | $100 | N/A | $60 | Savings Accounts & Mutual Funds | 0.50% |
N
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| New Frontier Bank – Colorado | N/A | N/A | N/A | N/A | Checking Account | 4.31% |
O
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| Oak Brook Bank | $25 | $25 | N/A | N/A | Checking Account | 0.75% |
| Oklahoma State Bank | $15 | N/A | N/A | N/A | Savings Accounts | 1.00% |
| Optum Health (Formerly Exante Bank) | $12 | $25 | $3 | N/A | Mutual Fund | 0.00% |
P
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| Professional Bank, N.A. | $25 | N/A | $2.50 | N/A | Savings Accounts | 0.75% |
Q
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| None | N/A | N/A | N/A | N/A | N/A | N/A |
R
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| None | N/A | N/A | N/A | N/A | N/A | N/A |
S
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| Saturna Capital Corp | N/A | $100 | N/A | N/A | Mutual Funds & Discount Brokerage Services | N/A |
| State Farm Bank | N/A | $100 | N/A | $25 | Savings Account | 1.09% |
T
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| Thoroughbred Health Bank | $15 | $50 | N/A | N/A | Savings Accounts | 1.00% |
| Thrivent Financial Bank | $20 | N/A | N/A | $20 | Savings Accounts | 0.25% |
| Town Bank | $25 | N/A | N/A | N/A | Savings Account | 0.00% |
| Time Must have an HDHP with Time Health Insurance | N/A | N/A | N/A | N/A | Savings Account | 2.00% |
U
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| U.S. Bank | $15 | N/A | $3.25 | N/A | Full Brokerage Services | 0.00% |
| United Healthcare | $10 | $25 | $3 | N/A | Checking Account | 4.00% |
V
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| None | N/A | N/A | N/A | N/A | N/A | N/A |
W
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| Wells Fargo | N/A | $100 | $4.25 | N/A | Savings Accounts & Mutual Funds | 2.39% |
| Westfield Bank | N/A | $50 | $3.75 | N/A | Checking Account & CDs | 0.50% |
X
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| None | N/A | N/A | N/A | N/A | N/A | N/A |
Y
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| None | N/A | N/A | N/A | N/A | N/A | N/A |
Z
| Account Administrator | Setup Fee | Opening Balance Minimum | Monthly Fee | Annual Fee | Investment Options | Minimum Interest Rate |
|---|---|---|---|---|---|---|
| None | N/A | N/A | N/A | N/A | N/A | N/A |
