Saturna Capital vs The HSA Authority (UMB)
2026 side-by-side comparison of fees, investment options, and features.
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.
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.
Quick Verdict
Choose Saturna Capital if...
Investors who want Saturna funds or Islamic-compliant (Shifa) HSA options
Choose The HSA Authority (UMB) if...
Employer-sponsored HSA users who receive the account through work
Feature Comparison
| Feature | Saturna Capital | The HSA Authority (UMB) |
|---|---|---|
| Monthly Fee | $0 (for Saturna funds) | $3/month ($36/year) |
| Investment Minimum | $500 | $1,000 |
| Investment Options | Saturna mutual funds (no fee), or full brokerage via Pershing | 31 mutual funds via Devenir |
| Interest Rate | N/A (investment-focused) | 0.01%–0.15% APY (tiered) |
| Account Type | brokerage | bank |
| FDIC Insured | No | Yes |
| Mobile App | Yes | Yes |
| Debit Card | Yes | Yes |
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
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
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
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, Saturna Capital or The HSA Authority (UMB)?
Saturna Capital charges $0 (for Saturna funds) per month, while The HSA Authority (UMB) charges $3/month ($36/year). Compare total costs including investment fees before deciding.
Which has better investment options?
Saturna Capital offers Saturna mutual funds (no fee), or full brokerage via Pershing. 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 Saturna Capital or The HSA Authority (UMB)?
The HSA Authority (UMB) 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 Saturna Capital 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 Saturna Capital 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 The HSA Authority (UMB) with $1,000 investment minimum. Saturna Capital is investors who want saturna funds or islamic-compliant (shifa) hsa options. 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 Saturna Capital and The HSA Authority (UMB)?
Yes, HSA Trackr works with any HSA provider including both Saturna Capital 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
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