What are the Advantages of Opening an HSA at a Bank?
IRS rules allow for several kinds of organizations to set up HSAs including banks, insurance companies and other organizations already approved to offer individual retirement accounts (IRAs). While non-bank companies may offer HSA accounts, those accounts may not be FDIC insured. It is important to know if your funds are insured against loss before opening your HSA. State Savings Bank's HSAs are FDIC insured.
