Your UMB Health Savings Account (HSA) is much more than an account for medical expenses. The UMB HSA provides
Once you have enrolled in a high-deductible health plan and your UMB HSA, you can decide how you want your contributions invested. (All funds are initially deposited in an HSA Deposit Account at UMB Bank.)
When your balance reaches the minimum balance set by your HSA Administrator (typically $1,000), you have the option to invest your HSA funds into the UMB HSA Saver investment portfolio
or a money market sweep account.
Important note: You do not have to enroll in the money market sweep in order to invest in the UMB HSA Saver portfolio.
Investing with UMB HSA Saver®
UMB HSA Saver is a simple, yet powerful tool to help you invest your HSA. After you have reached the required account balance, you can open an HSA Saver investment portfolio. HSA Saver makes investing:
- Simple. You decide how much and how often to invest for one low monthly fee, no fund minimums and no trading fees.
- Fast. It only takes a few minutes to enroll and get started.
- Smart. Backed by UMB’s* experience and insight, HSA Saver is a powerful tool that just made investing a whole lot easier.
Learn more about the UMB HSA Saver investment option.
Investments in securities through UMB HSA Saver are:
Not FDIC Insured • May Lose Value • No Bank Guarantee
*UMB Investment Management selects mutual funds in various asset classes for inclusion in the UMB HSA Saver® Investment Program. UMB Investment Management is a department of UMB Bank, n.a. UMB Bank, n.a. is a wholly owned subsidiary of UMB Financial Corporation.
UMB Custody Services provides safekeeping and settlement of the mutual fund investments in the UMB HSA Saver investment program. UMB Custody Services is a division of UMB Bank, n.a.