TD Ameritrade rating

TD Ameritrade HSA Account (2020)

TD Ameritrade Health Savings account (HSA) — is it good? TD Ameritrade HSA fees, rates, investment options, and minimums.

TD Ameritrade Health Savings Account Review

TD Ameritrade is the leading online brokerage company and consistently wins top awards and honors each year. It offers investors a simple, efficient, and cost effective way to invest money from their health savings accounts. The company provides four ways to place trades: website, telephone, mobile devices, and broker.

Setting up a new health savings account online with TD Ameritrade is straightforward and simple. You start by clicking on their promotion offer: $0 commissions + transfer fee reimbursement. Then you fill out TD Ameritrade application forms. Customer support is easy to contact and a U.S. based customer service representative can help walk clients through the process.

TD Ameritrade HSA Commission and Transaction Fees

Stocks and ETFs
Internet orders - $0
Interactive Voice Response (IVR) phone system orders $14.99
Broker-assisted orders $24.99

Options $0.65 fee per contract (Option exercises and assignments will incur a $0 commission).

Mutual Funds
No load - $49.99
Load – No Fee
NTF – No Fee

Fixed Income
All buy orders for bonds are subject to a five-bond ($5,000 par value) minimum.
Treasuries at Auction $25 Flat Fee
Online CD buy orders are subject to a two-CD ($2,000 par value) minimum.

TD Ameritrade HSA Fee Schedule

Deposit: $25
Non-mandatory and tender offers: $30
Mandatory: $20
Withdrawal from tender offer: $10
Duplicate Statements and Confirmations: $5 per copy (no charge for electronic documents)
Research Fee: $60 per hour
Alternative investments include limited partnerships, private placements, restricted securities, and other assets not traded on a national market Per-Transaction Fee: $100
Custody Holding Fee - $250 per year per asset

TD Ameritrade Mobile App

TD Ameritrade features one of the best mobile apps in the brokerage services industry. Clients can trade stocks, transfer money, and deposit checks all with the click of a button. The mobile apps are optimized for iPhone, iPad, and Android Devices. TD Ameritrade consistently updates apps to prevent bugs and improve performance.

Simple sign in:

TD Ameritrade HSA review

Detailed stock quotes:

TD Ameritrade HSA review

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TD Ameritrade HSA Website

The TD Ameritrade website is easy to use and features a variety of tools to help both the beginning investor and advanced trader.

Advanced security measures prevent fraud:

TD Ameritrade HSA review 2020

Profile configurations make it easy to configure the website to personal preferences and settings:

TD Ameritrade Health Savings Account review

Detailed stock analysis comes with easy to read charts, news, and earnings information.

TD Ameritrade also offers free research and rankings from Wall Street’s biggest banking and investment companies.

TD Ameritrade Health Savings Account review

Clients can get a quick overview of their health savings account stock and mutual fund positions as a percentage of account balance:

TD Ameritrade Health Savings Account review

TD Ameritrade HSA Pros and Cons

  • Simple sign-in
  • Easy to navigate
  • Straightforward stock trading
  • In-depth research available on stocks and mutual funds
  • Extremely secure site
  • Customizable
  • Easy to transfer money between different accounts

  • Can be overwhelming for inexperienced investors
  • Gain and loss tracking hard to implement


Anyone who wants a $0 cost, easy to use HSA should check out Lively. Company's HSAs are free for individuals and families, so you never have to worry about hidden costs. Lively health savings accounts are FDIC-insured and use bank-grade security.

Open Lively Account

Open Lively Account

TD Ameritrade Health Savings Account Compared to Other Brokerages

TD Ameritrade is one of the biggest online brokerages in the business. Because of their sheer size, TD Ameritrade is able to invest heavily in mobile trading apps that are not only easy to use but also extremely responsive and intuitive. Clients might find themselves using the mobile app more than the desktop site.

TD Ameritrade HSA Customer Service

The customer service hotline is run out of a U.S. based call center. Customer service reps are not only helpful but also have a deep understanding of the stock market and can explain things in detail over the phone. Cheaper and smaller brokerages do not have the same service

TD Ameritrade HSA Tax Help

Unlike other cut-rate brokerages, TD Ameritrade makes filing taxes a breeze. Their platform connects well with popular tax filing services like Turbo Tax.

TD Ameritrade HSA Research

TD Ameritrade puts several research tools on its platform that smaller and cheaper brokerages would most likely charge a premium for.

Investment Options

Many health savings accounts limit clients’ options to just a few mutual funds and money market funds to invest in. With a health savings account with TD Ameritrade, clients can invest in any type of equity, mutual fund, bond or even buy options.

Brick and Mortar Stores

TD Ameritrade also has over 450 brick and mortar offices located across the U.S., something a lot of the cheaper and smaller brokerages do not offer. Clients who visit one of these locations will receive a free investment consultation with an experienced representative that will review their financial goals.