Capital One HSA (Health Savings Account)
Capital One currently does not offer Health Savings Accounts (HSA) to non-employees.
If you are seeking a no-fee, straightforward HSA, consider checking out
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Capital One Automatic Investment Plan
Capital One Investing, formerly ShareBuilder, is an online brokerage service from the banking giant Capital One. While it may not offer as many features as competitors like ThinkOrSwim, it appeals to investors who prefer a straightforward, systematic approach. Its main attraction is the low-cost automatic stock purchase plan.
Clients can set up their accounts to automatically buy a fixed dollar amount of a stock or ETF weekly. As long as the account has sufficient funds every Monday, purchases are made on Tuesdays.
The set dollar amount determines the number of shares bought, which can vary each time based on the current stock prices. Capital One Investing allows purchases of fractional shares. For example, if you set up to buy $30 of one ETF and $50 of another weekly, the actual shares purchased will depend on their prices at the time of buying.
Capital One Investing charges $4 for each automatic purchase. To ensure the full intended amount is invested in the stock, clients should account for this fee when setting up their purchase amounts.
Capital One Investing Review
Real-time orders for stocks and ETFs cost $6.95 each, which is pricey for a basic platform. Clients looking for low-cost real-time trading might prefer brokers like Ally Invest or TradeStation.
Capital One Investing does not require a minimum balance, nor does it charge inactivity or maintenance fees, including on retirement accounts. The minimum to open a margin account is $2,000. Mutual fund trades cost $20.
The brokerage offers a variety of account types, including IRAs and educational savings accounts, and is protected by FINRA and SIPC insurance up to $500,000.
New investors might benefit from setting up an automatic investment plan, which allows for regular, scheduled stock purchases funded directly from a linked bank account at no extra charge.
Capital One Investing also features a robust research tool on its website, offering trend analysis, current quotes, and a watchlist feature, allowing investors to track hypothetical performance of stocks they are considering.
Clients can use Capital One's mobile apps to manage their portfolios, execute trades, and deposit funds directly from iOS, Android, and BlackBerry devices.
Customer Service
Customer support is available weekdays from 8 AM to 11 PM EST at 1-800-747-2537. Clients can also use the live chat feature on the website's contact page.
Capital One HSA Summary
Capital One Investing is suitable for investors who prefer to automate their investments or who invest primarily in mutual funds, ETFs, and stocks. However, more active or advanced investors might find better options elsewhere.
Updated on 7/19/2024.
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