I'm getting a High Deductible Health Plan eligible with a HSA next month. For a new HSA contributor, should I just get a HSA fixed rate like Keypoint Credit Union HSA which is 2.23% / 2.25% (APR/APY) with low fees or an account like HSA Bank supplemented with an investor account but has high fees.
In my research I understand that HSA Bank has two key fees: one for the regular HSA and one for the investment account. Both can be waived if you have a balance over $5,000. If not then you'll have a monthly fee of $5.50 if you have both the investment and HSA. HSA alone, you'll have a $2.50 monthly fee.
Keypoint has an enrollment fee of $10 and a monthly fee of $2 but it's easily waived if you have a balance more than $25.
Another option I was considering was rolling over my HSA from Keypoint to HSA Bank after I reach the $5,000 threshold.
Your thoughts?