Savings & Investments

To maximize your long-term savings, your HSA funds are placed in one of two types of balance accounts.

This account is held in an FDIC Insured Savings Account and earns interest as shown in the “Earning Rates Schedule” on this page.

An added feature of your savings account is the option of using the Summit MasterCard® debit card. Your card is directly connected to the funds in your savings account. This option makes accessing your HSA funds as easy as a swipe of the card.

One of the key goals of an HSA is the long-term savings of your money, and you may need access to those funds at any time. Through DataPath Financial Services, your HSA funds are readily available if the need arises and can be accessed using the Summit MasterCard® debit card or by check and ACH transfers. Please contact ZyneraHealth for assistance.

Savings

Investments

There is a second, and optional, balance account component of the HSA program. Investments made available by ZyneraHealth and elected by you, allow you to invest funds into a variety of Mutual Funds. Please see the below "Investments" section for more information.

Account Owner's Disclosure

Interest*

The interest rate applicable to the entire balance in your HSA Deposit Account on any given day will depend on which of the specific balance ranges your daily Account balances falls within on that day:

Additional Banking Services**

You are responsible for the payment of the fees as set forth below. However, in some instances, the fees, or a portion thereof, may be paid by an Employer or ZyneraHealth. To the extent the fees are not paid by another entity, we will deduct the fees from your Deposit Account. These fees are subject to change by us at any time (including, but not limited to, the expiration of your High Deductible Health Plan), upon notice to you as required by applicable law.

*Interest rates are subject to change at any time. Fees may reduce earnings.

** These are retail rates charged directly to the Individual HSA by the Custodian.

Included with your Summit HSA Account

Investment Models

The Summit HSA Investment Program offers qualified account holders a diverse range of investment alternatives to choose from, along with five professionally managed model portfolios that support varied investment objectives and risk tolerance. This investment program is intended for long-term investments only and not to be used for short-term cash availability.

DataPath Investment Advisors, Inc. (DPIA) is the investment advisor for Summit. DPIA screens, selects and monitors the investment options and constructs and maintains the model portfolios.

Professionally Managed

What Model Portfolios are Offered?

Conservative Growth Portfolio - For the Investor who seeks to allocate a large percentage of their portfolio to lower-risk securities such as fixed-income securities. The main goal of a conservative portfolio is to protect the principal value of your portfolio. That is why these models are often called “capital preservation portfolios.” Even if you are very conservative and are tempted to avoid the stock market entirely, some risk exposure in selected funds can help offset inflation. Suggested time horizon for this risk allocation is at least 5 years.

Moderately Conservative Growth Portfolio - For the Investor who seeks to preserve most of the portfolio’s total value but is willing to take on some risk for inflation protection. A common strategy within this risk level is called “current income.” This includes securities that pay a higher level of dividends. The suggested investor’s time horizon least 5 to 8 years.

Balanced Growth Portfolio - For the Investor who seeks a balance between preservation of account value and portfolio risk. The goal is a near even split between low risk fix-income securities and higher-risk growth securities. This strategy also includes securities that pay a higher level of dividends. The Investor’s time horizon for investing should be medium term or greater than 8 years.

Moderately Aggressive Growth Portfolio - For the Investor who has a longer-term strategy (greater than 10 years) and willing to take a medium to higher level of risk to achieve portfolio growth, while still diversifying the portfolio by including fixed-income securities. The strategy is often called “capital growth” strategy. To provide diversification, the portfolio includes fix-income securities.

Aggressive Growth Portfolio - For the investor with a long-term investment strategy (greater than 12 to 15 years) and willing to accept their portfolio value can fluctuates widely from day-to-day. Your main goal is to achieve long-term growth of capital. The strategy of an aggressive portfolio is considered a “capital growth” strategy. To provide diversification, investors with aggressive portfolios usually add some fixed-income securities.