Best HSA Providers
Rates last checked September 7, 2026. 4 offers compared.
Fidelity’s HSA is the default if you can open your own account, since it charges no account fee and lets your full balance be invested with no cash minimum held back. Lively is a close alternative with a similar fee structure through a linked brokerage. If your HSA is tied to your employer’s chosen custodian, such as HealthEquity or HSA Bank, check whether it lets you invest without holding back a minimum cash balance, and consider rolling the balance into a self-directed HSA once you are no longer required to keep it there.
Best HSA Providers
Nothing we can price
None of these carry the figures needed to rank them for your situation yet.
Compared side by side
4 compared on the 4 things that decide it. A blank cell means we could not confirm the answer, not that the answer is no.
| Provider | Account fee | Investment threshold | Investment menu | How to open it |
|---|---|---|---|---|
| Fidelity HSA Best overall for self-directed investors | $0 | None — invest from the first dollar | Full brokerage: funds, ETFs and individual stocks | Directly with Fidelity, whoever your employer uses |
| Lively Best fee-free alternative | $0 for an individual account | $24 a year for self-directed investing below $3,000 in cash | — | Directly with Lively |
| HealthEquity Most common employer-plan custodian | — | — | — | — |
| HSA Bank Long-standing employer-plan option | $2.50 a month, often paid by an employer | $1,000 held in cash before investing | — | — |
Every offer, priced the same way
Ranked by what it costs you over a year. The arithmetic behind each figure is shown so you can check it. Offers we could not price are listed at the bottom with the reason.
1. Fidelity HSA — Fidelity Investments
Best overall for self-directed investors
No account fee and no cash minimum held back before you can invest, inside the same brokerage most people already use for other accounts.
Priced from national figures.
2. Lively — Lively, Inc.
Best fee-free alternative
No monthly fee for individuals, with investing handled through a linked brokerage account rather than inside Lively itself.
Priced from national figures.
3. HealthEquity — HealthEquity, Inc.
Most common employer-plan custodian
One of the largest HSA administrators reached through workplace benefits, worth checking for an account fee and investment threshold before assuming it matches a self-directed option.
Priced from national figures.
4. HSA Bank — HSA Bank, a division of Webster Bank
Long-standing employer-plan option
A widely used employer-plan custodian with a long operating history, similarly worth checking for fees and an investing minimum in your plan documents.
Priced from national figures.
How we ranked these
We compare whether the custodian charges a monthly or annual account fee, whether there is a cash balance you must hold before you can invest the rest, the breadth of the investment menu, and whether the account is easy to roll over if you later want to move it. We do not state a current fee or expense ratio as fact, since custodians revise pricing and the account’s own fee schedule is the only place to check the current number.