Amendments to Sweep Investment Sub-Account Terms and Conditions Sample Clauses

Amendments to Sweep Investment Sub-Account Terms and Conditions. The Bank may amend or modify these Terms and Conditions at any time, including retroactively, to comply with the requirements of applicable law. The Bank will provide written notice to you of any such amendment. Any other amendments require your consent, by action or no action, and will be preceded by written notice to you. Such amendments may include, but are not limited to, amending the menu of available mutual funds by adding new mutual funds, removing mutual funds or replacing mutual funds with others, or by raising or lowering the HSA Investment Threshold Amount with respect to the HSA Sweep Investment Sub-Account. In certain cases, such as where a mutual fund is removed from the menu of available funds, or one mutual fund is replaced with another, you will be given at least a thirty (30) day notice and time to move any funds you have invested in those mutual funds to other mutual funds or to liquidate all of your mutual fund investments. Unless otherwise required by applicable law, by continuing to maintain your HSA Investment Sweep Sub-Account after we send you notice of any amendment, you are deemed to automatically consent to an amendment, which means that your written approval is not required for the amendment to apply. You will be able to open the HSA Sweep Investment Sub-Account, and choose your mutual fund investments from a set menu of funds, solely through the Bank’s website, located at xxx.xxx.xxx/xxx. You agree that the Bank may debit and credit your HSA and your HSA Sweep Investment Sub-Account as appropriate to effectuate any permissible transfers you authorize and direct to be made from your HSA to your HSA Sweep Investment Sub-Account or from your HSA Sweep Investment Sub-Account into your HSA, including sales of mutual fund shares and transfers of the proceeds thereof to pay for Qualified Medical Expenses. Mutual funds and other securities and non-deposit investments are: • Not insured by the FDIC or any other agency of the United States Government, the Bank or any affiliate; • Not deposits or other obligations of the Bank or any affiliate; • Subject to investment risks, including possible loss of the principal amount invested and any investment gains. Past performance does not guarantee future results. You should consider a mutual fund’s investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information about the available mutual funds can be found in the funds’ pr...
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