Best HSA Providers for 2026
Compare the top Health Savings Account providers. We've analyzed fees, investment options, and features to help you choose.
| Provider | Monthly Fee | Invest Min. | Best For | Rating |
|---|---|---|---|---|
| Fidelity HSA | $0 | $0 | Most People | |
| Lively | $0 | $0 | Active Investors | |
| HealthEquity | $3.95 | $1,000 | Employer Plans | |
| HSA Bank | $2.50 | $1,000 | TD Ameritrade Users | |
| Optum Bank | $2.75 | $2,000 | UHC Members |
Detailed Reviews
Monthly Fee
$0
Investment Minimum
$0
Pros
- +No monthly fees
- +No investment minimum
- +Excellent fund selection
Cons
- -No debit card (uses reimbursement)
Monthly Fee
$0
Investment Minimum
$0
Pros
- +No fees
- +TD Ameritrade integration
- +Modern app
Cons
- -Limited investment options without TD Ameritrade
Monthly Fee
$3.95
Investment Minimum
$1,000
Pros
- +Wide availability
- +Good investment options
- +Employer integrations
Cons
- -Monthly fee
- -Investment threshold
Monthly Fee
$2.50
Investment Minimum
$1,000
Pros
- +TD Ameritrade integration
- +Wide employer availability
Cons
- -Monthly fee waived at $5k balance
- -Investment minimum
Monthly Fee
$2.75
Investment Minimum
$2,000
Pros
- +UHC integration
- +Decent investment options
Cons
- -Higher fees
- -High investment minimum
Monthly Fee
$3.50
Investment Minimum
$1,000
Pros
- +Good fund selection
- +Schwab partnership
Cons
- -Monthly fee
- -Less modern interface
Monthly Fee
$2.50
Investment Minimum
$1,000
Pros
- +Nonprofit
- +Educational resources
- +No fee with $5k balance
Cons
- -Investment threshold
- -Smaller provider
Monthly Fee
$3.00
Investment Minimum
$1,000
Pros
- +Vanguard funds available
- +Low expense ratios
Cons
- -Monthly fee
- -Less well-known
Monthly Fee
$3.50
Investment Minimum
$2,500
Pros
- +FDIC insured
- +Simple interface
Cons
- -Higher investment minimum
- -Fewer features
You can switch HSA providers any time - there is no IRS-mandated lock-in period. The question is whether your current provider charges exit fees and how easy the receiving provider makes the transfer. Two transfer types exist: a trustee-to-trustee transfer (unlimited per year, no tax implications, recommended) and a 60-day rollover (limited to once per 12-month period, you hold the funds temporarily).
| Provider | Outbound Transfer Fee | Accepts Incoming Transfers | Lock-in Period |
|---|---|---|---|
| Fidelity HSA | $0 | Yes, free | None |
| Lively | $0 | Yes, free | None |
| HealthEquity | ~$25 | Yes | None |
| HSA Bank | ~$25 | Yes | None |
| Optum Bank | ~$25 | Yes | None |
Bottom line: Fidelity and Lively are the most rollover-friendly - no outbound fees, no minimum holding period, no lock-in. If you are switching from an employer-sponsored HSA with higher fees, a trustee-to-trustee transfer to Fidelity is the most common move and takes 2-4 weeks.
Frequently Asked Questions
Which HSA providers have no lock-in period for rollovers?
All major HSA providers - Fidelity, Lively, HealthEquity, HSA Bank, and Optum - allow you to transfer your balance out at any time with no lock-in period. The difference is cost: Fidelity and Lively charge $0 for outbound transfers, while HealthEquity, HSA Bank, and Optum typically charge around $25. You can do unlimited trustee-to-trustee transfers per year with no tax impact.
How do I compare HSA providers on fees and investment options?
The two most important factors: (1) Monthly fee - Fidelity and Lively charge $0; HealthEquity charges $3.95/mo; HSA Bank charges $2.50/mo waived at $5k. (2) Investment options - Fidelity offers full brokerage access including Fidelity ZERO funds at 0.00% expense ratio with no investment threshold. Lively integrates with Schwab for similar breadth. HealthEquity, HSA Bank, and Optum have curated fund menus, investment thresholds of $1,000-$2,500, and higher expense ratios.
Can I switch HSA providers if my employer uses a different one?
Yes. Your employer may automatically deposit contributions into their chosen provider, but you can open a separate individual HSA and do a trustee-to-trustee transfer once or twice per year. Many people leave employer contributions in the original account and transfer annually to a fee-free provider like Fidelity for investing. Once you leave that employer, you can transfer the full balance freely.
Get our HSA Provider Guide
Free comparison spreadsheet + tips for switching providers.
We evaluated HSA providers based on factors that matter most to savers:
- Fees: Monthly maintenance fees and investment fees
- Investment Options: Quality and variety of funds available
- Investment Threshold: Minimum balance required to invest
- User Experience: Mobile app and website quality
- Integration: Works with employers and other accounts
Related Resources
Last updated: May 2026