HSA Clearing to Use optionsXpress for HSA Investments

To help investors get more out of their health savings accounts, HSA Clearing, the leading Health Savings Account/HSA setup provider for banks and credit unions nationwide, and optionsXpress, ranked the top online securities brokerage three years in a row by Barron's, have announced a partnership to offer the optionsXpress brokerage platform to HSA's customers. The platform will be available to those banks and credit unions that wish to offer stock and options brokerage capabilities within HSAs.

Lake Geneva, WI (PRWEB) July 18, 2005 -- To help investors get more out of their health savings accounts, HSA Clearing, the leading Health Savings Account/HSA setup provider for banks and credit unions nationwide, and optionsXpress, ranked the top online securities brokerage three years in a row by Barron's, have announced a partnership to offer the optionsXpress brokerage platform to HSA's customers. The platform will be available to those banks and credit unions that wish to offer stock and options brokerage capabilities within HSAs.

Our turn-key HSA setup program for banks and credit unions just got even better with this partnership with optionsXpress," said Tim Morales, of HSA Clearing. For financial institutions that wish to provide investment options to their HSA customers, they now have access to low-cost online brokerage services from optionsXpress, ranked number one by both Barrons and SmartMoney."

We believe that many customers want to deal with their local institutions for their Health Savings Accounts/HSAs," Morales added. That is why HSA Clearing's turn-key program is growing nationwide as more financial institutions learn the benefits of offering HSAs to both their business and individual customers. The addition of optionsXpress rounds out our HSA setup program with a simple and effective way for banks and credit unions to increase deposits and ensure customer loyalty."

"In addition to our award-winning brokerage services, optionsXpress is the fastest growing online broker because we constantly seek out innovative business partnerships with complementary organizations," said David Kalt, CEO of optionsXpress Holdings, Inc. "Our partnership with HSA Clearing to be one of the first online brokers to offer services in the Health Savings Account market is just the latest example of how hard optionsXpress works to increase shareholder value."

For more information on how HSA Clearing's turn-key HSA package can help banks or credit unions offer Health Savings Accounts , contact Tim Morales, HSA Clearing, 262-348-1300.

About HSA Clearing

HSA Clearing offers turn-key solutions for banks and credit unions nationwide to initiate and administrate HSA accounts. For more information, visit www.hsaclearing.com or call 262-348-1300.

About optionsXpress Holdings, Inc.

OptionsXpress Holdings, Inc. provides innovative securities brokerage products and services for investor education, strategy evaluation and trade execution. Through its subsidiaries optionsXpress, an online brokerage, and brokersXpress, an online trading and reporting platform for independent investment professionals, the company offers a wide range of investor tools, superior customer service and competitive commissions. OptionsXpress has been named the top online securities brokerage by Barron's in its last three annual surveys (2003, 2004 and 2005) and the top discount securities brokerage by SmartMoney in 2004. It was also named "Favorite Options Site" by Forbes Best of the Web in 2004.

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