Source: Morningstar, Inc. Assessments as of Aug. 31, 2023.
A High assessment for Investment Threshold indicates no investment threshold, while a Low assessment indicates an investment threshold of $2,000.
$
$
$$$$
$$
UMB
Lively
$$$
Associated Bank
HealthEquity
Fidelity
Above Average
Above Average
Above Average
Above Average
High
Above Average
Above Average
Average
Average
Average
High
Above Average
Average
Below Average
Above Average
High
High
Above Average
High
4.6
3.8
3.4
4.2
3.5
$$$
HSA Bank
Average
Above Average
Average
Average
3.2
$$$
Bank of America
Average
Above Average
Average
Average
3.2
$$$
First American Bank
Average
Average
Above Average
Below Average
3.1
$$$$
Saturna
Average
High
Above Average
Above Average
3.4
$$$$
Optum
Average
Above Average
Average
Above Average
3.1
Overall Assessment
Best HSAs for Investing
Score
Menu Design
Investment Threshold
Quality of Investments
Price
Overall Assessment
Provider
$$$$
Lively
$$$
Associated Bank
Average
High
Above Average
High
Above Average
Above Average
High
Above Average
3.5
3.8
$$$
First American Bank
Average
Above Average
Below Average
Average
3.1
$$$
Bank of America
Average
Above Average
Average
Average
3.2
$$$$
Optum
Average
Above Average
Average
Above Average
3.1
$$$$
Saturna
Average
Above Average
High
Above Average
3.4
$$$
HSA Bank
Average
Above Average
Average
Average
3.2
$
HealthEquity
Above Average
Average
Above Average
Above Average
4.2
$$
UMB
Above Average
Average
Average
Below Average
3.4
$
Fidelity
High
Above Average
Above Average
High
4.6
Price
$
$
$$
$$$
$$$
HSA Bank
First American Bank
UMB
$$$
Associated Bank
Fidelity
HealthEquity
$$$
Bank of America
High
Above Average
Above Average
Above Average
Above Average
Above Average
Above Average
Average
Average
Average
Below Average
Average
Above Average
Above Average
Below Average
Average
Above Average
Above Average
Average
Average
Average
Above Average
High
Average
Above Average
Average
High
Average
4.2
3.8
3.1
3.2
3.2
4.6
3.4
$$$$
Lively
Average
Above Average
High
High
3.5
$$$$
Optum
Average
Above Average
Average
Above Average
3.1
$$$$
Saturna
Average
Above Average
High
Above Average
3.4
Price
4.6
3.4
3.1
3.2
3.1
3.2
4.2
3.5
$
$
$$$$
$$
$$$
$$$
First American Bank
HSA Bank
UMB
Lively
HealthEquity
Fidelity
$$$
Bank of America
$$$$
Optum
Above Average
Above Average
Above Average
High
Average
Average
Average
Above Average
Average
Average
High
Average
Above Average
Below Average
Average
Above Average
Above Average
Average
Average
Above Average
Average
Average
Average
Above Average
Average
Above Average
Below Average
Average
High
Above Average
Above Average
High
Overall Assessment
Above Average
3.4
$$$$
Saturna
Average
High
Above Average
Above Average
3.8
$$$
Associated Bank
Above Average
Above Average
Above Average
High