Yes, you can invest the funds in your health savings account (HSA) once the balance in your account reaches $1,000. Any amount over the $1,000 can be invested. The same types of investments permitted for IRAs are allowed for HSAs, including stocks, bonds, mutual funds and certificates of deposit. Visit optumbank.com/Tennessee or call them for more information about investment opportunities at (866) 600-4984.
Even if you do not invest the funds, the money will earn interest at the current rate.