Source: Morningstar, Inc. Assessments as of Aug. 31, 2023.
The Additional Fees scores are listed above for investors’ convenience but are not considered in the overall assessments.
Score
Additional Fees
Interest Rate
Maintenance Fee
Overall Assessment
Provider
Bank of America
Saturna
UMB
Lively
HSA Bank
HealthEquity
First American Bank
Fidelity
Optum
Associated Bank
Above Average
Above Average
Above Average
Above Average
Above Average
Low
Low
Above Average
Below Average
Low
Average
Below Average
Low
Below Average
Low
Below Average
Below Average
Below Average
High
High
5.0
4.1
3.8
2.7
3.8
2.0
2.4
3.8
4.1
3.8
$
$
$$
$$$
$$
$$
$$$
$$$
$
$$
$
$
$
$
$
$
$
$$$
$$$$
Overall Assessment
Best HSAs for Spending
$$$
Additional Fees
UMB
HealthEquity
Above Average
Below Average
3.8
$$$
$
HSA Bank
Low
3.8
$$
$
Lively
Above Average
Low
4.1
$$$
$
Below Average
4.1
$$$
$
First American Bank
Above Average
Low
3.8
$
$
Additional Fees
Overall Assessment
Above Average
Above Average
Bank of America
Below Average
Below Average
2.0
$
$$$$
Optum
Above Average
Low
3.8
$$
$
Associated Bank
Average
Below Average
2.7
$$
$$$
Saturna
Below Average
Low
2.4
$$
$$$
Fidelity
High
High
5.0
$
$
Above Average
HSA Bank
Low
3.8
$$
$
UMB
Above Average
3.8
$$$
$
Low
Below Average
HealthEquity
Above Average
4.1
$$$
$
Above Average
Below Average
4.1
$$$
$
First American Bank
Lively
Above Average
Low
3.8
$
$
Bank of America
Below Average
Below Average
2.0
$
$$$$
Optum
Above Average
Low
3.8
$$
$
Associated Bank
Average
Below Average
2.7
$$
$$$
Saturna
Below Average
Low
2.4
$$
$$$
Fidelity
High
High
5.0
$
$
Above Average
HSA Bank
Low
3.8
$$
$
UMB
Above Average
3.8
$$$
$
Low
Below Average
HealthEquity
Above Average
4.1
$$$
$
Above Average
Below Average
4.1
$$$
$
First American Bank
Lively
Above Average
Low
3.8
$
$
Bank of America
Below Average
Below Average
2.0
$
$$$$
Optum
Above Average
Low
3.8
$$
$
Associated Bank
Average
Below Average
2.7
$$
$$$
Saturna
Below Average
Low
2.4
$$
$$$
Fidelity
High
High
5.0
$
$