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Adirondack HSA APY down to 1%
Posted: Sat Jan 05, 2013 2:05 am
by foglifter
The only reason I found out that they dropped the APY starting January 1st is the mighty Google Finance API. I have a spreadsheet with the key rates for all my savings accounts and today I decided to look at it and there it is -1%.
. Going from 3% to 1% is quite a drastic move.
Oh well, looks like it's time to move my money to HSABank.
Re: Adirondack HSA APY down to 1%
Posted: Sat Jan 05, 2013 8:17 am
by rocketdog
HSABank is down to 0.90%, so not much better there either.
Re: Adirondack HSA APY down to 1%
Posted: Sat Jan 05, 2013 2:33 pm
by foglifter
rocketdog wrote:
HSABank is down to 0.90%, so not much better there either.
The primary perk of HSABank is the investment feature through TD Ameritrade. I'm going to keep 5K in the core account at 0.60% (to avoid any fees) and invest the rest. Buying TLT (to avoid California taxes) would be a no-brainer, although with 100 zero-commission ETFs to choose from I could do a full-blown separate PP or VP or whatever.
My credit union pays 1.25% on HSA accounts, so I keep that in mind as plan B.
Re: Adirondack HSA APY down to 1%
Posted: Sun Jan 06, 2013 5:29 am
by WildAboutHarry
foglifter wrote:The primary perk of HSABank is the investment feature through TD Ameritrade. I'm going to keep 5K in the core account at 0.60% (to avoid any fees) and invest the rest.
That is what I'm doing. No complaints so far.