The HSA Investment Account provides account-holders the option to retain funds in their American Chartered Bank HSA Checking Account, or to invest in Investment Options comprised of a variety of nationally-recognized mutual funds. This account consists of two sub-accounts:

American Chartered Bank HSA Checking Account
The same interest rates available to HSA Checking Account-holders are paid for all funds held in the American Chartered Bank HSA Checking Account portion of the HSA Investment Account. A $2.00 HSA Investment Account fee is applied to the American Chartered Bank HSA Checking Account monthly. This fee increases to $3.50 in any month during which the average daily American Chartered Bank HSA Checking Account balance falls below $1,000.00.

View current HSA Checking Account rates
 

Investment Options*
Account balances in excess of $1,000.00 may be transferred from the American Chartered Bank HSA Checking Account into Investment Options consisting of a variety of nationally-recognized mutual fund Investment Options.

View available mutual fund Investment Options

Many of the benefits available with our HSA Checking Account are also available with an HSA Investment Account:

• No set-up charges
• Free Visa Check Card available
• Free Online Banking
• Free and unlimited Online Bill Pay
• Free eStatements
• Check writing privileges¹

1. $13.45 for one box of personal checks, payable at time of application

Account-holders are urged to carefully weigh the advantages and disadvantages of investing HSA funds in the Investment Options versus holding them in their American Chartered Bank HSA Checking Account. Investors should carefully read the Investment Policy together with the prospectus from each mutual fund selected before investing or sending money. These documents provide information regarding investment objectives and risk, as well as charges and expenses which may be imposed for early liquidation of mutual fund investments, etc. There are no guarantees that the Investment Options will make money. Additional contributions cannot be made to an HSA account to replace any losses that result from investing. Please keep all of these factors in mind when considering which account is right for you.

American Chartered Bank is not a registered investment advisor, nor is American Chartered Bank acting in the capacity of a registered investment advisor with respect to the offering of HSA Investment Account Investment Options. The Bank engages the support of Devenir Investment Advisors, LLC, a registered investment advisor and Devenir, LLC, a Broker Dealer member of NASD / SIPC (Collectively “Devenir”) to select the HSA Investment Account Investment Options. Devenir screens the Investment Options offered using a number of criteria which include, but are not limited to total fund performance, Morningstar® ranking relative to other funds with similar investment objectives, and track record. Devenir periodically reviews the Investment Options, and may recommend changes in the Investment Options being offered if a particular fund no longer meets the selection criteria.

Participation in the Investment Options is voluntary. Under no circumstances is American Chartered Bank offering any of the HSA Investment Account Investment Options, and the Bank makes no representations with respect to the Investment Options offered.

American Chartered Bank disclaims any and all liability, contingent or otherwise, for the performance of the Investment Options. Please see your financial advisor for personal investment advice.