Fidelity HSA vs Further (formerly SelectAccount)
2026 side-by-side comparison of fees, investment options, and features.
Fidelity HSA
Fidelity offers one of the best HSAs for investors with zero account fees, zero trading fees, and full access to their brokerage platform. Consistently rated the top HSA by Morningstar for both spending and investing use cases.
Further (formerly SelectAccount)
Further (formerly SelectAccount) was acquired by HealthEquity in 2021. They offer a straightforward HSA with mutual fund investing and Schwab brokerage access at higher balances.
Quick Verdict
Choose Fidelity HSA if...
Long-term investors who want $0 fees and full brokerage access
Choose Further (formerly SelectAccount) if...
Employees whose employer offers Further as the HSA administrator
Feature Comparison
| Feature | Fidelity HSA | Further (formerly SelectAccount) |
|---|---|---|
| Monthly Fee | $0 | Varies by employer plan |
| Investment Minimum | $0 | $1,000 |
| Investment Options | Full brokerage access - stocks, ETFs, mutual funds, bonds | 30+ mutual funds, Schwab brokerage (at $10K+) |
| Interest Rate | 0.82% APY (as of Jan 2026) | 0.01%–0.05% APY |
| Account Type | brokerage | fintech |
| FDIC Insured | No | Yes |
| Mobile App | Yes | Yes |
| Debit Card | Yes | Yes |
Fidelity HSA
Pros
- No account fees, trading fees, or investment minimums
- Full access to Fidelity's brokerage platform
- Excellent mobile app and customer service
- Fidelity Go managed option available
- No minimum balance to start investing
Cons
- Not FDIC insured (SIPC protected)
- Must transfer out of employer HSA to use
- Cash earns lower interest than some banks
Further (formerly SelectAccount)
Pros
- No hidden fees (no replacement card fees, etc.)
- Schwab brokerage available at $10,000+
- Acquired by HealthEquity - improved platform
- Good employer-sponsored option
Cons
- $18/year investment account fee
- $1,000 minimum to start investing
- $10,000 needed for Schwab brokerage
- Interest rates are low
Provider Details
Fidelity HSA
Fidelity offers one of the best HSAs for investors with zero account fees, zero trading fees, and full access to their brokerage platform. Consistently rated the top HSA by Morningstar for both spending and investing use cases.
Monthly Fee
$0
Investment Minimum
$0
Investment Options
Full brokerage access - stocks, ETFs, mutual funds, bonds
Best For
Long-term investors who want $0 fees and full brokerage access
Further (formerly SelectAccount)
Further (formerly SelectAccount) was acquired by HealthEquity in 2021. They offer a straightforward HSA with mutual fund investing and Schwab brokerage access at higher balances.
Monthly Fee
Varies by employer plan
Investment Minimum
$1,000
Investment Options
30+ mutual funds, Schwab brokerage (at $10K+)
Best For
Employees whose employer offers Further as the HSA administrator
Frequently Asked Questions
Which has lower fees, Fidelity HSA or Further (formerly SelectAccount)?
Fidelity HSA has no monthly fees ($0), while Further (formerly SelectAccount) charges Varies by employer plan. For cost-conscious users, Fidelity HSA may be the better choice.
Which has better investment options?
Fidelity HSA offers Full brokerage access - stocks, ETFs, mutual funds, bonds. Further (formerly SelectAccount) offers 30+ mutual funds, Schwab brokerage (at $10K+). The best choice depends on your investment style and preferences.
Is my money FDIC insured with Fidelity HSA or Further (formerly SelectAccount)?
Further (formerly SelectAccount) offers FDIC insurance on cash deposits. Fidelity HSA does not offer FDIC insurance, but invested funds may have SIPC protection.
Can I transfer my HSA from Fidelity HSA to Further (formerly SelectAccount)?
Yes, you can transfer your HSA funds between any HSA providers. Most transfers take 2-4 weeks. Check with both Fidelity HSA and Further (formerly SelectAccount) for any transfer fees - incoming transfers are usually free, but outgoing transfers may incur a fee.
Which HSA is better for long-term investing?
For long-term investing, consider Fidelity HSA with no investment minimum. Fidelity HSA is long-term investors who want $0 fees and full brokerage access. Further (formerly SelectAccount) is employees whose employer offers further as the hsa administrator. Both can work well for building retirement health savings.
Does HSA Trackr work with Fidelity HSA and Further (formerly SelectAccount)?
Yes, HSA Trackr works with any HSA provider including both Fidelity HSA and Further (formerly SelectAccount). Track your medical expenses, store receipts, and know exactly how much you can reimburse tax-free - regardless of which HSA you choose.
Related Comparisons
This comparison is for informational purposes only. HSA provider features and fees may change. Verify current information directly with each provider before opening an account.
Works with any HSA provider
Whether you choose Fidelity, Lively, or any other HSA, HSA Trackr helps you organize receipts and maximize your tax-free reimbursements.
Get Started Free