When they rolled out the HSA as the replacement for the MSA we evaluated them as a bank product. We concluded they were a
great deal for the taxpayer, but a truly lousy deal for the bank. We felt they would be the polar opposite of IRA's which produce large core deposits and generally have very little activity.
If you offer HSA's, what has your institution's experience been? Are they profitable?
Same Q & A from 7 years ago.
There are a lot of HSA questions asked here that indicate the banks offering them do not fully understand their product or the role of a custodian vs. that of a tax advisor. For them,
IRS Publication 969 is a good introductory resource.