Lively vs The HSA Authority (UMB)
2026 side-by-side comparison of fees, investment options, and features.
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 linkThe HSA Authority (UMB)
The HSA Authority (formerly Old National Bank HSA) was acquired by UMB Healthcare Services in 2025. They offer a straightforward HSA with Devenir mutual fund investing and solid banking features.
Quick Verdict
Choose Lively if...
People who want cash and investing in one app, with no account fees
Choose The HSA Authority (UMB) if...
Employer-sponsored HSA users who receive the account through work
Feature Comparison
| Feature | Lively | The HSA Authority (UMB) |
|---|---|---|
| Monthly Fee | $0 | $3/month ($36/year) |
| Investment Minimum | $0 | $1,000 |
| Investment Options | Schwab self-directed brokerage or Devenir guided portfolios | 31 mutual funds via Devenir |
| Interest Rate | 0.01%–0.02% APY | 0.01%–0.15% APY (tiered) |
| Account Type | benefits | bank |
| FDIC Insured | Yes | Yes |
| Mobile App | Yes | Yes |
| Debit Card | Yes | Yes |
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
The HSA Authority (UMB)
Pros
- Acquired by UMB - improved technology and tools
- Solid mutual fund selection via Devenir
- Free incoming transfers
- FDIC insured deposits
Cons
- $36/year account fee
- $1,000 minimum to invest
- Manual transfers required to investment account
- No automatic investing feature
- $25 outgoing transfer fee
Provider Details
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
The HSA Authority (UMB)
The HSA Authority (formerly Old National Bank HSA) was acquired by UMB Healthcare Services in 2025. They offer a straightforward HSA with Devenir mutual fund investing and solid banking features.
Monthly Fee
$3/month ($36/year)
Investment Minimum
$1,000
Investment Options
31 mutual funds via Devenir
Best For
Employer-sponsored HSA users who receive the account through work
Frequently Asked Questions
Which has lower fees, Lively or The HSA Authority (UMB)?
Lively has no monthly fees, while The HSA Authority (UMB) charges $3/month ($36/year). For cost-conscious users, Lively may be the better choice.
Which has better investment options?
Lively offers Schwab self-directed brokerage or Devenir guided portfolios. The HSA Authority (UMB) offers 31 mutual funds via Devenir. The best choice depends on your investment style and preferences.
Is my money FDIC insured with Lively or The HSA Authority (UMB)?
Both Lively and The HSA Authority (UMB) 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 Lively to The HSA Authority (UMB)?
Yes, you can transfer your HSA funds between any HSA providers. Most transfers take 2-4 weeks. Check with both Lively and The HSA Authority (UMB) 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 no investment minimum. Lively is people who want cash and investing in one app, with no account fees. The HSA Authority (UMB) is employer-sponsored hsa users who receive the account through work. Both can work well for building retirement health savings.
Does HSA Trackr work with Lively and The HSA Authority (UMB)?
Yes, HSA Trackr works with any HSA provider including both Lively and The HSA Authority (UMB). 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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