Further (formerly SelectAccount) vs HealthEquity
2026 side-by-side comparison of fees, investment options, and features.
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.
HealthEquity
HealthEquity is the largest non-bank HSA custodian with over 8 million accounts. They offer a curated lineup of low-cost Vanguard funds and strong employer integrations.
Quick Verdict
Choose Further (formerly SelectAccount) if...
Employees whose employer offers Further as the HSA administrator
Choose HealthEquity if...
Employees with employer-sponsored HSAs who want solid Vanguard funds
Feature Comparison
| Feature | Further (formerly SelectAccount) | HealthEquity |
|---|---|---|
| Monthly Fee | Varies by employer plan | $0 (maintenance fee eliminated) |
| Investment Minimum | $1,000 | $500 |
| Investment Options | 30+ mutual funds, Schwab brokerage (at $10K+) | 23 low-cost Vanguard mutual funds |
| Interest Rate | 0.01%–0.05% APY | 0.05%–0.30% APY (tiered) |
| Account Type | fintech | fintech |
| FDIC Insured | Yes | Yes |
| Mobile App | Yes | Yes |
| Debit Card | Yes | Yes |
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
HealthEquity
Pros
- Largest HSA administrator by accounts
- Excellent low-cost Vanguard fund lineup
- No maintenance fees
- Strong employer integration
- Monthly investment fee capped at $10
Cons
- 0.033%/month investment admin fee (capped at $10)
- $500 investment threshold
- $25 fee for partial transfers (as of Nov 2025)
- Fees add up at higher balances
Provider Details
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
HealthEquity
HealthEquity is the largest non-bank HSA custodian with over 8 million accounts. They offer a curated lineup of low-cost Vanguard funds and strong employer integrations.
Monthly Fee
$0 (maintenance fee eliminated)
Investment Minimum
$500
Investment Options
23 low-cost Vanguard mutual funds
Best For
Employees with employer-sponsored HSAs who want solid Vanguard funds
Frequently Asked Questions
Which has lower fees, Further (formerly SelectAccount) or HealthEquity?
Further (formerly SelectAccount) charges Varies by employer plan per month, while HealthEquity charges $0 (maintenance fee eliminated). Compare total costs including investment fees before deciding.
Which has better investment options?
Further (formerly SelectAccount) offers 30+ mutual funds, Schwab brokerage (at $10K+). HealthEquity offers 23 low-cost Vanguard mutual funds. The best choice depends on your investment style and preferences.
Is my money FDIC insured with Further (formerly SelectAccount) or HealthEquity?
Both Further (formerly SelectAccount) and HealthEquity offer FDIC insurance on cash deposits, protecting up to $250,000 per depositor. Invested funds are not FDIC insured but may have SIPC protection.
Can I transfer my HSA from Further (formerly SelectAccount) to HealthEquity?
Yes, you can transfer your HSA funds between any HSA providers. Most transfers take 2-4 weeks. Check with both Further (formerly SelectAccount) and HealthEquity 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 HealthEquity with $500 investment minimum. Further (formerly SelectAccount) is employees whose employer offers further as the hsa administrator. HealthEquity is employees with employer-sponsored hsas who want solid vanguard funds. Both can work well for building retirement health savings.
Does HSA Trackr work with Further (formerly SelectAccount) and HealthEquity?
Yes, HSA Trackr works with any HSA provider including both Further (formerly SelectAccount) and HealthEquity. 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.
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