National Advisors Trust


National Advisors Trust is proud to offer you a Health Savings Account (HSA) through Summit, the nation’s most service-driven, all-in-one HSA solution. In Summit, you have account management, banking, and investments in a single platform.

Per IRS regulations, HSA funds must be held by an authorized Trustee or Custodian. National Advisors Trust is honored to serve you in that role. We are a community focused bank and pride ourselves on providing friendly, professional service to our business and personal customers. We believe that we are partners with our customers, helping to ensure your financial success.

The mission of National Advisors Trust Company, FSB, is clear:

To provide a comprehensive selection of trust and custodial services, with its hallmarks being Service, Security, and Trust.

With National Advisors Trust, you maintain the relationship you have with your Plan Service Provider while benefiting from the service of a federally chartered trust company. You can be assured you will receive personal service, attention to detail, and the highest standards of professional excellence from National Advisors Trust.

We look forward to working with your Plan Service Provider to provide you HSA services that go beyond a simple bank account and put you in control of your health care choices.

For more information on National Advisors Trust, visit http://www.nationaladvisorstrust.com/. If you have questions regarding HSAs, email fiops@dpath.com.

Summit


Complete account management at your fingertips

One of our goals is to empower you with the tools and information you need to make wise and informed decisions about your healthcare. Summit’s secure web portal gives you 24/7 access to:

  • Account balances and history
  • Online claims storage through the patented ClaimsVault®
  • Deposit & Withdrawal capabilities
  • Up-to-date payment history
  • Account statements
  • Investment options
  • Important forms & documents

HSA Transfer or Rollover from prior custodian to Summit

Current account owners need to complete the HSA Transfer Request Form to request an HSA Transfer or Rollover from prior custodian to Summit. Print, complete and submit by mail, email or fax to address listed on form.

Summit

Savings and Investments

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


Cash

Your National Advisor’s Trust Summit HSA program requires the first $500 of your HSA funds to be maintained in a “Cash” balance account. This serves as the base component of your HSA and is “liquid.” Although the money in the cash account does not earn any return, amounts deposited beyond the first $500 automatically flow into “Savings,” which earns interest on a daily variable rate.

Savings

The second HSA balance account component offered by National Advisors Trust is a “FDIC Insured Savings Account”. This fund is also “liquid,” meaning that your savings balance is accessible whenever you need more money than is currently available from your cash balance account. Interest earned is shown in the “Account Owner’s Disclosure” section below. The earnings post to your account monthly.

An added feature of your savings account is the option of using the Summit Mastercard® debit card. Your card, if made available by your PSP and elected by you, is directly connected to the funds in your savings account. This option makes accessing your HSA funds as easy and convenient as a swipe of the card.

Investments

There is a third, and optional, balance account component of National Advisors Trust’s HSA program. Investments, if made available by your PSP, and elected by you, allow you to invest funds into a variety of Mutual Funds.

Investments

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

Click here to view a list of available funds.

What model portfolios are offered?

The model portfolios, listed from lowest to highest risk levels, include:

Conservative Growth Portfolio

This model seeks long-term growth by investing 35% to 55% of its portfolio in equity investments, with the remaining portion in fixed income holdings.

Investors choosing this model should understand that accounts will fluctuate in value and could lose money. Investors should expect to leave this money invested for 4 years or more.

Balanced Growth Portfolio

This model seeks long-term growth by investing 50% to 70% of its portfolio in equity investments, with the remaining portion in fixed income holdings.

Investors choosing this model should be willing to accept some volatility in their annual returns. Investors should expect to leave this money invested for 6 to 8 years or more.

Moderate Growth Portfolio

This model seeks substantial long-term growth by investing 65% to 85% of its portfolio in equity investments, with the remaining portion in fixed income holdings.

Investors choosing this model should be willing to accept significant volatility in annual returns. Investors should expect to leave this money invested for 8 to 10 years or more.

Aggressive Growth Portfolio

This model seeks to maximize long-term growth by investing 80% to 100% of its portfolio in equity investments, with any remaining portion in fixed income holdings.

Investors choosing this model should be willing to accept a large amount of volatility in annual returns. Investors should expect to leave this money invested for 10 years or more.

In addition to the aforementioned model portfolios, account holders can also create their own customized portfolio from the approved fund list.

What are the benefits of investing your HSA funds?

Many Americans will depend on personal savings and investments during retirement. Utilizing your Health Savings Account as a long-term investment vehicle is an excellent way to add to your retirement strategy.

Whether you are a current HSA account holder or you are just now enrolling, it’s a good idea to consider investing some of your account funds. Here are just a few reasons why:

  • Tax-Free Investments: All contributions and earnings in your HSA are considered tax-free by the IRS. They will not be taxed unless you withdraw them for non-medical reasons.
  • Portability:  There is no use-it-or-lose-it rule associated with HSAs. HSAs are owned by the account holder and roll over year after year. Even if your employment status changes, the money in the account is yours to keep.
  • Flexibility: You can change the amount you want to invest and the way the funds are invested. Plus, you can always access the money in your account if the need arises.
  • Multiple Investment Options: Pick from one of four investment models or create your very own custom investment portfolio.

Ask your plan service provider about your investing options!

Fees and Additional Banking Services

Monthly Investment Option (Investment Threshold is $1000.00) $1.50
Deposit Return unpaid $15.00
Overdraft/NSF per item $22.50
Debit Card Reissue Fee (per card) $5.00
Withdrawal by paper check $3.00
Close Account Fee $25.00
Balance Transfer Fee (Trustee-to-Trustee) $15.00
Stop Payment per item $25.00
Wire Transfer (Individual or Employer) $15.00
Monthly Statement by mail $3.00
Copy of Check, Statement, 1099, 5498 $5.00
Corrected IRS Filing Fee (non-banking error) $10.00
Included with your Summit HSA Account:
Online Account Access No charge
Online Monthly Savings Statements No charge
Online Monthly Investment Statements No charge
Regular Distributions by EFT No charge
Annual Statement by Mail No charge
Form 1099-SA & 5498-SA by Mail No charge

Download PDF version of the Earning Rate Schedule and the Additional Banking Services from the Summit HSA Account Owner Disclosure document.

Account Owner’s Disclosure

Earnings Rate Schedule*
Effective January 1, 2018

Daily Balance Today’s Rates
$25000 or higher 0.500%
$15000 to 24999.99 0.425%
$10000 to 14999.99 0.325%
$5000 to 9999.99 0.200%
$2500 to 4999.99 0.100%
$500 to 2499.99 0.050%
$0 to 499.99** 0.000%

*Interest rates are subject to change, at our discretion, at any time.
*Account Fees may reduce earnings.
**The first $500 does not earn interest.

Summit HSA deposit account offered by National Advisor Trust Company, FSB, through Centennial Bank, Member FDIC

Summit HSA Savings Account is FDIC and can include short-term US Treasuries.

Summit HSA Investment Account not guaranteed by Custodian or insured by FDIC. May lose value.

For more details regarding the general terms and conditions that apply to your HSA, please see the Custodial Account Agreement and Disclosures for Health Savings Accounts.