The Top Health Savings Account Providers: Who Offers the Best Bang for Your Buck?

Health savings accounts (HSAs) have become a popular way for consumers to save money for healthcare expenses while also reap valuable tax benefits. With the rising costs of healthcare, HSAs have become more crucial than ever in managing healthcare expenses. These accounts offer a financial safety net for healthcare expenses, ranging from routine check-ups to more complicated procedures.

However, selecting a health savings account provider can be a challenging task, given the broad range of providers available. Choosing the right provider depends on various factors, which include account fees, interest rates, and investment options.

Here we will discuss the top HSA providers and what they offer:

1. Fidelity HSA:

Fidelity HSA, with its emphasis on low fees, has become one of the leading HSA providers in the market. They have no opening or monthly fees and offer an attractive range of investment options with no fees. You can invest your HSA money in ETFs or mutual funds to maximize your savings. Additionally, Fidelity allows you to earn interest on your balance, which further adds to your savings.

2. Lively HSA:

Pacific Premier Bank (formerly Grand Canyon State Bank) backs Lively, which is one of the newer HSA providers. Despite being a newcomer, Lively has been rated highly by consumers due to its user-friendly platform and low fees. They also offer investment options, allowing users to invest their savings in low-cost mutual funds or ETFs. Lively also offers easy-to-use tools and an HSA debit card to help you manage your healthcare expenses.

3. HSA Bank:

HSA Bank is another excellent choice for those looking for an HSA provider. This provider offers several unique features, such as a mobile app, allowing customers quick and easy access to their accounts. They also provide many investment options, including the ability to invest in alternative investments such as private equity and hedge funds.

4. HealthEquity:

HealthEquity is an HSA provider that focuses on maximizing the financial potential of HSAs. They offer appealing features such as interest on your account balance and investment options, which include investing in mutual funds, ETFs, and individual stocks. HealthEquity also offers tools to help you track your expenses and stay informed about potential savings opportunities.

5. Optum Bank HSA:

Optum Bank is a subsidiary of UnitedHealth Group, one of the largest providers of healthcare services in America. Optum Bank provides numerous features, such as no account fees or monthly fees, attractive interest rates, and a wide range of investment options, including stocks, mutual funds, and ETFs. Additionally, Optum Bank offers a mobile app that allows you to manage your account, making it a convenient choice for busy consumers.


Choosing an HSA provider that fits your budget and offers investment and savings options can help you prepare for future expenses. The HSA providers discussed above provide a range of services to accommodate their customers’ needs. By evaluating your financial goals and specific healthcare needs, you can pick a provider that offers the best bang for your buck. Remember, an HSA account is an investment in your healthcare, so it’s essential to choose the right provider to make the most of your savings.