High
Above Average
Above Average
Above Average
Average
Average
Below Average
Bank of America
UMB
Optum
Lively
HealthEquity
Above Average
HSA Bank
First American Bank
Fidelity
Above Average
The HSA Authority
Overall Assessment
Provider
Average
Associated Bank
High
Average
Average
Below Average
Below Average
Below Average
Below Average
Below Average
Below Average
Below Average
5.0
4.4
4.1
2.7
4.1
2.0
2.7
3.4
4.4
4.1
Best HSAs for Spending
Source: Morningstar, Inc. Assessments as of Aug. 31, 2022.
Additional Fees score is listed above for investors’ convenience but are not considered in the overall assessment.
Additional Fees
Score
Interest Rate
Maintenance Fee
Overall Assessment
$
$
$
$
$
$
$$
$$$
$$$
$$$$
$
$$$
$$
$$$
$
$$$$
$$
$$
$$
$$$
Bank of America
Lively
HealthEquity
HSA Bank
First American Bank
Above Average
Above Average
Above Average
Above Average
Below Average
Average
Below Average
Below Average
Average
Below Average
4.4
4.1
2.0
4.4
4.1
$
$$$
$$$
$$
$$
$
$
$
$
$$$$
Overall Assessment
Fidelity
High
High
5.0
$
$
UMB
Average
Below Average
2.7
$$$
$$$
Associated Bank
Average
Below Average
2.7
$$
$$$
Optum
Average
Below Average
3.4
$$
$$
The HSA Authority
Above Average
Below Average
4.1
$$$$
$
Bank of America
HealthEquity
HSA Bank
Above Average
Above Average
Below Average
Below Average
Average
Below Average
4.4
2.0
4.1
$$$
$$
$$
$
$
Optum
Average
Below Average
3.4
$$
$$
Fidelity
High
High
5.0
$
UMB
Average
Below Average
2.7
$$$
$$$
$
$$$$
Additional Fees
The HSA Authority
Above Average
Below Average
4.1
$$$$
$
First American Bank
Above Average
Average
4.4
$$$
$
Associated Bank
Average
Below Average
2.7
$$
$$$
HealthEquity
Above Average
Below Average
4.1
$$$
$
UMB
Average
Below Average
2.7
$$$
$$$
First American Bank
Above Average
Average
4.4
$$$
$
The HSA Authority
Above Average
Below Average
4.1
$$$$
$
Associated Bank
Average
Below Average
2.7
$$
$$$
Additional Fees
Lively
Above Average
Below Average
4.1
$
$
Fidelity
High
High
5.0
$
$
Lively
Above Average
Below Average
4.1
$
$
Optum
Average
Below Average
3.4
$$
$$
HSA Bank
Above Average
Average
4.4
$$
$
Bank of America
Below Average
Below Average
2.0
$$
$$$$