I opened an HSA account with my bank and funded it for 3 years. It gets about 1% interest/year and there are no options to invest the money in funds/stocks/etc. I no longer have a HDHP, so I cannot contribute to it. My accumulated qualifying health expenses are more than enough to do a full distribution of all the money in my HSA without any penalties or paying tax on it.
Given that there aren't any investment options and that I can currently get all of the money out tax free, should I pull the money out of my HSA and invest in a non-retirement Vanguard account (at my appropriate tolerance for risk)? It seems like even a very low risk 3% return/year ETF would be a better option than the tax free 1% growth.