HSA Bank Announces Expansion of Investment Option

WATERBURY, Conn., July 22, 2010 – HSA Bank announced today the addition of six new investment options to the Mutual Fund Selection investment account. Through a strategic partnership with Devenir, the national leader in investment options for health benefit plans, HSA Bank accountholders now have the option of investing in even more asset classes and load-waived mutual funds.

HSA Bank has seen participation in its investment options grow by nearly 27 percent since the Mutual Fund Selection investment option was introduced in 2007. As balances continue to grow, investment options will become increasingly important to accountholders.

“The expansion of six additional funds to the mutual fund program allows HSA Bank accountholders a broader selection of funds and the ability to further diversify their HSA investment portfolios, still at a cost effective price point” explained Lori Hansen, SVP of Corporate Services at Devenir.