Further (formerly SelectAccount) vs Lively
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.
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 Further (formerly SelectAccount) if...
Employees whose employer offers Further as the HSA administrator
Choose Lively if...
People who want cash and investing in one app, with no account fees
Feature Comparison
| Feature | Further (formerly SelectAccount) | Lively |
|---|---|---|
| Monthly Fee | Varies by employer plan | $0 |
| Investment Minimum | $1,000 | $0 |
| Investment Options | 30+ mutual funds, Schwab brokerage (at $10K+) | Schwab self-directed brokerage or Devenir guided portfolios |
| Interest Rate | 0.01%–0.05% APY | 0.01%–0.02% APY |
| Account Type | fintech | benefits |
| 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
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
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
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, Further (formerly SelectAccount) or Lively?
Lively has no monthly fees, while Further (formerly SelectAccount) charges Varies by employer plan. For cost-conscious users, Lively may be the better choice.
Which has better investment options?
Further (formerly SelectAccount) offers 30+ mutual funds, Schwab brokerage (at $10K+). 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 Further (formerly SelectAccount) or Lively?
Both Further (formerly SelectAccount) and Lively 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 Lively?
Yes, you can transfer your HSA funds between any HSA providers. Most transfers take 2-4 weeks. Check with both Further (formerly SelectAccount) 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 Lively with $0 investment minimum. Further (formerly SelectAccount) is employees whose employer offers further as the hsa administrator. 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 Further (formerly SelectAccount) and Lively?
Yes, HSA Trackr works with any HSA provider including both Further (formerly SelectAccount) 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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