Fidelity HSA vs Lively
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.
Disclosure: We earn a commission if you open a Lively account through our links. It doesn't change what you pay.
Lively
Lively is a benefits platform with a clean, modern HSA and no monthly fees. They offer both self-directed investing through Schwab and guided portfolios through Devenir.
Open a Lively HSA through our link and complete account verification, and Lively waives the $24 a year fee for its Schwab Self-Directed Brokerage Account. There's nothing extra to enter.
The $24 fee is only for the Schwab self-directed option, and it is already $0 at $3,000 or more. The Guided Portfolio still costs 0.50% a year on invested assets. Schwab fees may apply.
Save $24 a year with our linkQuick Verdict
Choose Fidelity HSA if...
Hands-on investors who want $0 fees and full brokerage access
Choose Lively if...
People who want cash and investing in one app, with no account fees
Lively is our top pick. Fidelity is our #2 and the same or lower cost pick for hands-on investors. Want the full picture on Lively alone? Read our Lively HSA review: fees, investing, pros and cons.
Feature Comparison
| Feature | Fidelity HSA | Lively |
|---|---|---|
| Monthly Fee | $0 | $0 |
| Investment Minimum | $0 | $0 |
| Investment Options | Full brokerage access - stocks, ETFs, mutual funds, bonds | Schwab self-directed brokerage or Devenir guided portfolios |
| Interest Rate | 0.82% APY (as of Jan 2026) | 0.01%–0.02% APY |
| Account Type | brokerage | benefits |
| 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
Lively
Pros
- No monthly maintenance fees
- Modern, user-friendly interface
- FDIC insured cash
- Schwab brokerage option for self-directed investing
- Good for individuals and employers
Cons
- Schwab self-directed: $24 a year, or $0 at $3,000 and up. Schwab fees may apply.
- Guided Portfolio (Devenir): 0.50% a year on invested assets
- Lower interest rates on cash
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
Hands-on investors who want $0 fees and full brokerage access
Lively
Lively is a benefits platform with a clean, modern HSA and no monthly fees. They offer both self-directed investing through Schwab and guided portfolios through Devenir.
Monthly Fee
$0
Investment Minimum
$0
Investment Options
Schwab self-directed brokerage or Devenir guided portfolios
Best For
People who want cash and investing in one app, with no account fees
Frequently Asked Questions
Which has lower fees, Fidelity HSA or Lively?
Both Fidelity HSA and Lively offer accounts with no monthly maintenance fees. However, investment fees and other charges may differ. Fidelity HSA requires $0 to start investing, while Lively requires $0.
Which has better investment options?
Fidelity HSA offers Full brokerage access - stocks, ETFs, mutual funds, bonds. Lively offers Schwab self-directed brokerage or Devenir guided portfolios. The best choice depends on your investment style and preferences.
Is my money FDIC insured with Fidelity HSA or Lively?
Lively 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 Lively?
Yes, you can transfer your HSA funds between any HSA providers. Most transfers take 2-4 weeks. Check with both Fidelity HSA and Lively 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 hands-on investors who want $0 fees and full brokerage access. Lively is people who want cash and investing in one app, with no account fees. Both can work well for building retirement health savings.
Does HSA Trackr work with Fidelity HSA and Lively?
Yes, HSA Trackr works with any HSA provider including both Fidelity HSA and Lively. 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.
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