I have an HSA through HSA Bank. TD Ameritrade and Devenir are my trading options. Devenir seems to charge .3% annually, billed quarterly. Not sure of TD's fees, but it seems like they have a $12.50 quarterly maintenance fee as far as I can tell. I'm planning on parking money here as a retirement vehicle for medical expenses. Any advice on which one to go with?

I am in the same boat, but it's been a few years since I set up my investment parameters. I went with the Devenir account and I've been happy with it. I don't think you can go wrong either way, but take a look at what investments/funds are available and decide which one works for you.

I think Fidelity has no fees

I have HSA Bank + TD Ameritrade and think its the better option for a DIYer.

HSA Bank charges $2.50 a month fee. You can avoid this fee by keeping $5,000 cash at HSA Bank, but in my opinion the optimal option is to just keep the $1,000 cash with HSA Bank and invest everything else. If you're maxing it out your contribution, your investments will ramp up quickly to where the dividends/gains will outpace the monthly fee.

I don't think TDA charges a fee. I haven't noticed one at least.

RockOn said:

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I have HSA Bank + TD Ameritrade and think its the better option for a DIYer.

HSA Bank charges $2.50 a month fee. You can avoid this fee by keeping $5,000 cash at HSA Bank, but in my opinion the optimal option is to just keep the $1,000 cash with HSA Bank and invest everything else. If you're maxing it out your contribution, your investments will ramp up quickly to where the dividends/gains will outpace the monthly fee.

I don't think TDA charges a fee. I haven't noticed one at least.

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I am the same as this. I keep about 1050$ in cash at hsa bank, they deduct the 2.50 per month

Then the following year after I deposit money into the hsa, I keep about 50$ above the $1000 to absorb the fee.

Tda let's you invest in anything, no limitations

LostInLA07 said:

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I think Fidelity has no fees

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Some folks are locked in to their employer options in order to get the FICA tax deduction.

I had the same choices. Go with TDA

You can invest in any ETF you want and there's no fee

Sounds like TD is the way to go then. Thanks guys!

I use TD Ameritrade through Lively. No fees.

My only complaint is you can't buy after a sale until the cash is settled - so you can't make quick moves. I usually have to wait a day or two for the cash to be available. I think if I paid fees the turnaround would be faster but I havent looked into it very close.

I was just going to say Lively as well. Absolutely no fees.
Your 1st dollar can be invested, none of the keeping $1000 before you can invest.

And Lively uses TD Ameritrade, but you can't use extended/after hours because it is a self directed account. TD limitation.

Another Lively user here. They have the same options, TDA or Devenir.

Can't remember the details but my financial advisor had me go with Devenir until I reached a certain balance then switch everything over to TDA. Devenir charges a larger fee, but I needed a higher balance because some of the ETFs had minimum purchase amounts if I remember correctly.

Devenir has less options and is more a set it and forget it type of deal.