HSA Investment Options
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Important Changes to your Health Savings Account
Dear Fifth Third HSA Participant,
Thank you for selecting Fifth Third Bank as your Health Savings Account custodian. I am writing today to inform you of changes to your Fifth Third Bank Health Savings Account (HSA). On May 1, 2010, your HSA will include Investment Options with automatic sweeping of funds and the ability to buy and sell mutual funds if you elect to do so.
Fifth Third Bank recognizes the importance of providing you with flexibility and options to help you manage your Health Savings Account dollars. Your Fifth Third Bank Health Savings Account includes HSA Investment Options, giving you the flexibility to direct and grow your balances in an interest-bearing, FDIC-insured account and/or invest in more than 20 mutual funds.
Funds exceeding $2,000 in your HSA Cash Account will be automatically transferred, using sweep functionality, into a higher rate, interest-bearing HSA Investment Cash Account. A minimum of $100 is required to initiate the automatic sweep. If you wish to invest in mutual funds, you may do so by going online and transferring funds from your HSA Investment Cash Account to the mutual funds available through the Investment Portal.
The Investment Portal is accessed online via a link from the Account Summary page of your Health Savings Account. You may set up your account to automatically move funds from your HSA Investment Cash Account to invest in available mutual funds. When the HSA Cash Account balance falls below $2,000, funds will automatically be swept from the HSA Investment Cash Account (or mutual funds if applicable) to the HSA Cash Account. A minimum of $100 is required to initiate the automatic sweep.
Enclosed with this letter you will find a new Health Savings Custodial Account Agreement, a Change in Terms notification, and a Frequently Asked Questions document. The Custodial Agreement provides details about how your HSA Cash and Investment accounts operate. The Change in Terms notification provides the interest rate and APY that will be applied to the balances in your HSA Cash Account and your HSA Investment Cash Account.
If you have questions, please contact the Fifth Third Bank HSA Support Center at 1-888-350-5353. Our Customer Service
Professionals are available to assist you Monday through Friday, 7 AM to Midnight, EST; Saturday, 8 AM to 5 PM EST.
Thank you for choosing Fifth Third Bank.
Sincerely,
P. Brian Moore
Senior Vice President
Fifth Third Bank
March 26, 2010
Fifth Third Bank, Member FDIC, Equal Housing Lender.
Fifth Third HSA Frequently Asked Questions
Fifth Third HSA Change in Terms Document
Download HSA Custodial Agreement (Coming Soon)
