Investing your HSA dollars is a smart way to incorporate tax-free investments in your financial plan. Using the Zenda app, you will have access to a broad range of investment options, and powerful tools and resources to help you meet your HSA investment objectives.
Get started investing your HSA dollars today!
Using the Zenda app, you can start investing in 3 easy steps:
- Open an investment account – Opening the account will take 1-2 business days. While you wait, we suggest you review the available investment options and decide on the investments that best meet your financial goals.
- Make your investment elections – Set your future investment elections – Prior to moving money into your Investment account, you should set the percent allocation for each of your chosen investment options, this will ensure money transferred from your HSA Spending Account to your HSA Investment Account is allocated properly from the start. See our Investment Elections Guide for more information.
- Transfer money to your HSA investment account – You can transfer the entire HSA Spending balance or get started with as little as $5. Just remember, once the money has been transferred to your investment account, it’s no longer available for card transactions or reimbursements.
Why invest your HSA?
Investing your HSA dollars is a great way to save for long-term or unexpected health care expenses. HSA contributions are made on a pre-tax basis through payroll deductions, HSA interest and investment earnings are not taxed, and HSA withdrawals (aka distributions) are income tax-free for qualified medical expenses. This triple tax advantage makes HSAs an attractive savings and investment option. See our investing FAQs to learn more about HSA investing.
Additional Investment Resources
If you still have questions about investing your HSA at Zenda, please review our HSA investment education content to guide you through the process. We recommend you speak with a financial advisor on the best investment approach for your specific goals.
Investments FAQ – Review our Investments FAQs to get all the information about investing your HSA at Zenda.
Investment Options – See the mutual fund options available to you with up to date performance metrics.
Investment Elections Guide – Zenda offers investment options through mutual funds and access to its HSA Brokerage Account. This guide will help you navigate the options and make your selections.
HSBA Investment Guide – If you are an experience investor and want more control over your investment options, you may be interested in our Charles Schwab Health Savings Brokerage Account (HSBA).
Contact Us:
support@getzenda.com
855-936-3248
8AM to 5PM, PT
Monday – Friday, excluding bank holidays
Copyright © 2022 Zenda, Inc. All Rights Reserved.
*Banking services are provided by Coastal Community Bank, member FDIC. The Zenda card is issued by Coastal Community Bank pursuant to a license from Visa U.S.A. Inc. Zenda spending accounts are FDIC insured up to $250,000 per depositor through Coastal Community Bank, Member FDIC. Investment accounts are not bank guaranteed and not FDIC insured and may lose value. Privacy notice for Coastal Community Bank can be found here.