⭐ Editor's Choice — Top Rated Pick
Fidelity HSA
📍 Available in: US
★★★★★ 4.9 / 5.0
Fidelity has redefined consumer HSAs by completely eliminating administrative, maintenance, and investment fees. Unlike employer-tied HSAs that force you to keep $1,000 in a 0.05% cash account before letting you invest, Fidelity lets you invest from your very first dollar in fractional shares, individual stocks, zero-expense-ratio mutual funds, and Treasury bills.
Key Facts at a Glance
| Cost / Fee Structure | $0 (No Account Fees) |
| Credit / Eligibility | N/A (Deposit Account) |
Pros & Cons
✓ Pros
- ✓Zero monthly fees, zero transfer fees, zero investment fees
- ✓Uninvested cash automatically earns top money market yield
- ✓Full institutional brokerage platform access (fractional shares, options)
- ✓Easy rollover process from legacy employer HSAs
✕ Cons
- ✕Self-directed interface requires choosing your own investment portfolio
- ✕Transferring from old employers requires filling out a TOA form
- ✕Customer service queues during tax season deadlines
Key Features
$0 Account Maintenance FeesNo Cash Minimum Before InvestingAccess to Fidelity ZERO Expense Ratio Index FundsHigh-Yield Government Money Market Cash Sweep (SPAXX)Free Visa Debit Card & Bill Pay
Compare Fidelity HSA Side-by-Side
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