Health Savings Account (HSA) Investment Option
Alliant investment services option for Health Savings Account (HSA) is available through MEMBERS™ Financial Services*, a full-service financial advisory program designed specifically for credit union members. This program gives Alliant Health Savings accountholders the opportunity to share in the potential side of investing.
Now in addition to maintaining a standard dividend bearing HSA, Alliant members who are looking for an option to grow their HSA funds can choose from a variety of money market and mutual fund options, from conservative to aggressive, to match their personal financial goals or investment styles. The option of investing HSA funds through MEMBERS Financial Services gives Alliant Health Savings accountholders the opportunity to turn their HSA’s standard dividend bearing, transactional account into an investment vehicle.
To get started, Alliant members should contact a MEMBERS Financial Services advisor at 800-226-2994. There is a one-time $18 investment account set-up fee and a $12 investment account annual fee. There is a $2,000 minimum account balance requirement. After the standard account balance reaches $3,000, $1,000 will automatically be swept into an investment account.
The investment account is a standard retail brokerage account. Much like IRA's, this HSA account allows you to invest in a broad array of investments including stocks, bonds, mutual funds (load and no-load) and CD's. There are options designed to meet the needs of investors with varied investment objectives and investment time horizons. Members who utilize the investment services benefit will also have online tools and resources to monitor, select and manage their funds online. In addition, account statements are available online and in paper form.
All Alliant Health Savings Accounts are opened as a standard dividend-bearing account, which are federally insured up to $250,000 by the National Credit Union Share Insurance Fund. Investment accounts however are not NCUA insured, may lose value and are not a deposit or other obligation of, or guaranteed by, the credit union. Alliant Credit Union does not provide investment advice.
*Representatives are registered, securities are sold, and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/ SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (866) 512-6109. Deposit investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution, through the financial services program, to make securities available to members. CUNA Brokerage Services, Inc. is a registered broker/dealer in all fifty states of the United States of America
FR030925-DB07
