Further (formerly SelectAccount) vs HSA Bank
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.
HSA Bank
HSA Bank is a division of Webster Bank and one of the largest HSA administrators. They're known for their TD Ameritrade (now Schwab) brokerage integration, giving investors access to stocks, ETFs, and thousands of mutual funds.
Quick Verdict
Choose Further (formerly SelectAccount) if...
Employees whose employer offers Further as the HSA administrator
Choose HSA Bank if...
Investors who want TD Ameritrade/Schwab brokerage access through their employer
Feature Comparison
| Feature | Further (formerly SelectAccount) | HSA Bank |
|---|---|---|
| Monthly Fee | Varies by employer plan | $2.50 (waived at $5,000+ balance) |
| Investment Minimum | $1,000 | $1,000 |
| Investment Options | 30+ mutual funds, Schwab brokerage (at $10K+) | TD Ameritrade self-directed brokerage, Devenir mutual funds |
| Interest Rate | 0.01%–0.05% APY | 0.01%–0.08% APY (tiered) |
| Account Type | fintech | bank |
| 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
HSA Bank
Pros
- TD Ameritrade brokerage with $0 stock/ETF trades
- Access to 13,000+ mutual funds
- Low-cost Devenir option (0.30% annual fee, capped at $50K)
- 2nd lowest cost among top HSA providers
- Strong employer partnerships
Cons
- $2.50/month fee below $5,000
- $1,000 minimum before investing
- TD Ameritrade now part of Schwab (transition ongoing)
- Low interest on cash deposits
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
HSA Bank
HSA Bank is a division of Webster Bank and one of the largest HSA administrators. They're known for their TD Ameritrade (now Schwab) brokerage integration, giving investors access to stocks, ETFs, and thousands of mutual funds.
Monthly Fee
$2.50 (waived at $5,000+ balance)
Investment Minimum
$1,000
Investment Options
TD Ameritrade self-directed brokerage, Devenir mutual funds
Best For
Investors who want TD Ameritrade/Schwab brokerage access through their employer
Frequently Asked Questions
Which has lower fees, Further (formerly SelectAccount) or HSA Bank?
Further (formerly SelectAccount) charges Varies by employer plan per month, while HSA Bank charges $2.50 (waived at $5,000+ balance). Compare total costs including investment fees before deciding.
Which has better investment options?
Further (formerly SelectAccount) offers 30+ mutual funds, Schwab brokerage (at $10K+). HSA Bank offers TD Ameritrade self-directed brokerage, Devenir mutual funds. The best choice depends on your investment style and preferences.
Is my money FDIC insured with Further (formerly SelectAccount) or HSA Bank?
Both Further (formerly SelectAccount) and HSA Bank 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 HSA Bank?
Yes, you can transfer your HSA funds between any HSA providers. Most transfers take 2-4 weeks. Check with both Further (formerly SelectAccount) and HSA Bank 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 HSA Bank with $1,000 investment minimum. Further (formerly SelectAccount) is employees whose employer offers further as the hsa administrator. HSA Bank is investors who want td ameritrade/schwab brokerage access through their employer. Both can work well for building retirement health savings.
Does HSA Trackr work with Further (formerly SelectAccount) and HSA Bank?
Yes, HSA Trackr works with any HSA provider including both Further (formerly SelectAccount) and HSA Bank. 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