HealthEquity vs Saturna Capital
2026 side-by-side comparison of fees, investment options, and features.
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.
Saturna Capital
Saturna Capital offers a unique HSA with no fees for investing in their own mutual funds, including socially responsible and Islamic-compliant (Shifa) options. Their Pershing brokerage account provides full access to stocks, ETFs, and other investments.
Quick Verdict
Choose HealthEquity if...
Employees with employer-sponsored HSAs who want solid Vanguard funds
Choose Saturna Capital if...
Investors who want Saturna funds or Islamic-compliant (Shifa) HSA options
Feature Comparison
| Feature | HealthEquity | Saturna Capital |
|---|---|---|
| Monthly Fee | $0 (maintenance fee eliminated) | $0 (for Saturna funds) |
| Investment Minimum | $500 | $500 |
| Investment Options | 23 low-cost Vanguard mutual funds | Saturna mutual funds (no fee), or full brokerage via Pershing |
| Interest Rate | 0.05%–0.30% APY (tiered) | N/A (investment-focused) |
| Account Type | fintech | brokerage |
| FDIC Insured | Yes | No |
| Mobile App | Yes | Yes |
| Debit Card | Yes | Yes |
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
Saturna Capital
Pros
- No fees for investing in Saturna mutual funds
- Full brokerage through Pershing (stocks, ETFs, bonds)
- Shifa HSA option for Islamic-compliant investing
- Morningstar "above average" rating
- Great for socially responsible investors
Cons
- 0.30% annual fee for non-Saturna funds
- Smaller provider - less name recognition
- Not FDIC insured (SIPC protected)
- Commission fees for trading non-NTF funds
Provider Details
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
Saturna Capital
Saturna Capital offers a unique HSA with no fees for investing in their own mutual funds, including socially responsible and Islamic-compliant (Shifa) options. Their Pershing brokerage account provides full access to stocks, ETFs, and other investments.
Monthly Fee
$0 (for Saturna funds)
Investment Minimum
$500
Investment Options
Saturna mutual funds (no fee), or full brokerage via Pershing
Best For
Investors who want Saturna funds or Islamic-compliant (Shifa) HSA options
Frequently Asked Questions
Which has lower fees, HealthEquity or Saturna Capital?
HealthEquity charges $0 (maintenance fee eliminated) per month, while Saturna Capital charges $0 (for Saturna funds). Compare total costs including investment fees before deciding.
Which has better investment options?
HealthEquity offers 23 low-cost Vanguard mutual funds. Saturna Capital offers Saturna mutual funds (no fee), or full brokerage via Pershing. The best choice depends on your investment style and preferences.
Is my money FDIC insured with HealthEquity or Saturna Capital?
HealthEquity offers FDIC insurance on cash deposits. Saturna Capital does not offer FDIC insurance, but invested funds may have SIPC protection.
Can I transfer my HSA from HealthEquity to Saturna Capital?
Yes, you can transfer your HSA funds between any HSA providers. Most transfers take 2-4 weeks. Check with both HealthEquity and Saturna Capital 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 Saturna Capital with $500 investment minimum. HealthEquity is employees with employer-sponsored hsas who want solid vanguard funds. Saturna Capital is investors who want saturna funds or islamic-compliant (shifa) hsa options. Both can work well for building retirement health savings.
Does HSA Trackr work with HealthEquity and Saturna Capital?
Yes, HSA Trackr works with any HSA provider including both HealthEquity and Saturna Capital. 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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