Is money “safe” in the UMB HSA?
The money in a UMB HSA Deposit Account is FDIC insured*. Once an individual accountholder has $1,000 saved in the HSA, known as the “peg balance”1, they have the opportunity to make additional investments that carry with them various levels of risk and reward similar to investing in a retirement savings plan2.
*Funds held in the HSA Deposit Account are FDIC insured to the maximum amount permitted by law.
1A peg balance (currently $1,000) is set to determine the amount of money that moves in and out of the money market mutual fund. Funds in your HSA up to the $1,000 peg balance are a deposit in an FDIC-insured account. Funds in excess of $1,000 are an investment in a money market mutual fund that is not insured by the FDIC or any other governmental agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.
2Investments you make through your HSA are not FDIC-insured. Securities through your self-directed HSA brokerage account are offered through UMB Financial Services, Inc., member FINRA, SIPC. UMB Financial Services, Inc. is a subsidiary of UMB Bank, n.a. UMB Bank, n.a. is a wholly owned subsidiary of UMB Financial Corporation. UMB Financial Services, Inc. is not a bank and is separate from UMB Bank, n.a. and other banks.
Investments in securities, whether through the Money Market Sweep Account or through the Self-directed Brokerage Account are:
Not FDIC-Insured • May Lose Value • No Bank Guarantee

Introducing UMB HSA Saver
UMB HSA Saver is a unique investment platform designed with ease in mind. Account holders can easily research, buy and sell funds with a couple clicks.

HSA FAQ Resource
Find answers to your most common HSA questions in our comprehensive HSA FAQs section.