Patelcorp, a division of Patelco Credit Union, will offer itsInvestDaily mutual fund investing program to members who havehealth savings accounts.
|InvestDaily is offered through SaveDaily Inc., a provider ofmutual fund investing platforms used by credit unions andbanks.
|“Our members are looking for better ways to save and grow theirmoney,” said Mark Hoaglin, vice president of the $3.6 billionPatelco in Pleasanton, Calif.
|“With the high cost of healthcare today, members who have healthsavings accounts understand how important it is to make their moneywork for them, and this is a great way to earn a higher returnversus the rates offered on traditional HSAs,” Hoaglin said.
|According to SaveDaily President Gregory Vacca, an HSA canprovide another way for savers to earmark money for futureneeds.
|“Ideally, these funds will grow at a better rate thantraditional checking, savings and CDs, which provide only minimalreturns, he added.
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