Optum Bank started operating on July 21, 2003, in Salt Lake City, Utah, as a Utah state-chartered industrial loan corporation. Optum Bank is part of the financial services unit of Optum, a health and wellness company serving more than 115 million people. Optum is part of the United Health Group (NYSE:UNH) family of companies. Optum Bank has more than 3 million HSAs and more than $7 billion in assets, making it one of the largest administrators in the industry.
for Optum Bank as an investment vehicle
The ideal investment health savings account (HSA) has no investment threshold, allowing the very first dollar you contribute to be invested. If you're using an HSA for investment purposes, seek an administrator that does not hold your dollars hostage in a checking account earning little to no interest.
The investment threshold for an Optum Bank HSA varies from $0 - $2,000 if you are part of an employer group plan. For individuals and families enrolling on their own, the investment threshold is $2,000.
The Optum Bank investment lineup is composed of 31 mutual funds with 11 different fund families represented. In the chart below you can see the number of offerings from each fund family.
The table below displays the number of funds offered for each asset class in the Optum Bank investment lineup.