Every HSA has its own HSA Administrator, which is usually a bank, insurance company, or other approved trustee. You will have the opportunity to invest your HSA funds into the following options at your discretion:
As a general rule of thumb, if you are looking to minimize your investment risk, you may want to consider an interest-bearing account because these accounts are FDIC insured. However, although mutual funds are a riskier investment because they are not FDIC insured, they have the potential to provide a much greater return.