New Direction Trust Company
Quick Summary
- HSA savings account
The Verdict
New Direction Trust Company provides essential HSA features with a monthly fee of $16.25 and self-directed brokerage access, mutual fund investing, CD options, earning a 0/5.0 rating from HSA Orbit.
New Direction Trust Company is a trusted custodian for self-directed HSAs. An HSA with NDTCO can invest in a wide array of assets including private equity, real estate, private loans, precious metals and more. We are commonly used in a 2 HSA system (an HSA at a bank for convenience and an HSA at NDTCO) to maximize the tax benefits of this account type. Ask us how!
Key Features
Banking & Access
Includes online banking.
Investment Options
Offers self-directed brokerage, mutual fund investing and CDs.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
No minimum balance to open. $50.00 opening fee.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $16.25 | $0.69 | ABOVE AVG |
| Account Opening | $50.00 | $1.88 | ABOVE AVG |
| Account Closing | $75.00 | $1.95 | ABOVE AVG |
* Account Opening Fee
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Brokerage Access
New Direction Trust Company provides a self-directed brokerage window for investing your HSA funds in the broader market.
Mutual Fund Investing
Access mutual fund investments through your HSA with New Direction Trust Company.
- Minimum ThresholdNo minimum
- Fees$115/year and $10/transaction
Interest Rates
Interest rates are not currently available for this provider.
Contact Information
Address
1070 W. Century Dr. Louisville, CO 80027 Customer Service Mailing Address 1070 W. Century Dr. Louisville, CO 80027
Customer Service
877-742-1270 ext 155
1070 W. Century Dr. Louisville, CO 80027 Customer Service Mailing Address 1070 W. Century Dr. Louisville, CO 80027
At a Glance
Pros & Cons
The Good
- •Self-directed brokerage access
- •Invest from the first dollar
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $16.25
- •No debit card included
- •Interest rates not published
User Sentiment
Based on community feedback
Sentiment data coming soon
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