Rates on Health Savings Accounts
December 05, 2007
A Heath Savings Account (HSA) are viewed as a tool to pay for healthcare expenses pre-tax and lower healthcare premiums. An overlooked component of these accounts is the investment returns that the accounts generate. A typical bank HSA account yields less than comparable bank deposit products so consumers should be careful to question the current rates of return in their bank's HSA accounts before opening an account. HSA Bank, located in Wisconsin, is offering a 4.75% APY on HSA balances over $15,000 one of the highest rates The Savings Investor could find today.
