To obtain information on HSA interest rates and investment options, click here. This form may also be found under the Forms page for HSAs. Sterling does not give investment advice.
To self-direct investments, Sterling accountholders may transfer funds in their HSA account to a joint brokerage account titled “Sterling HSA Administrator For The Benefit Of (Name Of Sterling Accountholder).” Once the joint brokerage account has been set up and the accountholder has completed a Sterling Transfer of Assets Form, Sterling will transfer funds from the HSA account to the joint brokerage account.
Remember, there is a minimum balance requirement of $20 which must be kept in your HSA. The monthly maintenance fee on the HSA account will continue to be charged, for this reason we ask you to also leave a minimum of one year’s worth of fees in your HSA, or Service Fee Balance. An annual fee of $16 will also be charged for the outside investment account. Sterling recommends all accountholders keep an amount equal to their annual deductible or out-of-pocket maximum in their HSA account at a minimum. Additional brokerage fees may apply. Check with your broker-dealer for details.
Through Sterling, accountholders can choose to open a self-directed brokerage account with TD Ameritrade and self-manage HSA investment accounts. This special arrangement with TD Ameritrade offers Sterling accountholders:
Remember that Sterling does not provide brokerage services, nor do we control or manage the website content, privacy or security policies of TD Ameritrade. Review the TD Ameritrade services and policies before opening a brokerage account.
All HSA contributions must first be made to your Sterling HSA account before any funds can be transferred to the TD Ameritrade brokerage account investment option (for accurate IRS reporting).
To Open a Self-directed HSA Investment Account with TD Ameritrade:
For more information on TD Ameritrade self-directed brokerage accounts, call 866-766-4015 or view the product demo at www.tdameritraderetirement.com/demo.
Brokerage services are provided by TD Ameritrade Inc., member FINRA/SIPC/NFA. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. Used with permission.
TD Ameritrade and Sterling Administration are separate and unaffiliated companies and are not responsible for each other’s policies and services.