Best HSA Providers By Fees, Features And Investment Options – Investor’s Business Daily

Health savings accounts allow tax-advantaged savings for people with high-deductible health plans. You can use the money for medical bills, and often can invest the funds. And you don’t have to use your employer’s plan — you can pick from hundreds of firms. Where to start?

IBD editors identified nine Best HSA Accounts to consider based on account features, customer reviews, benefit consultants’ input and Morningstar fund ratings. The providers aren’t ranked and are listed by total accounts. Also highlighted: the Best HSA Accounts in investment options, investment quality, low fees, interest rates, easy access, and health/wealth account integration.

View Full Report: Best HSA Accounts

Further
Category Awards:
Investment options, low fees, interest rates
Number of accounts
About 600,000
Fees*
Up to $4/month; investment fee $18/year; Schwab trading fee: $4.95/online trade, $9.95/automated phone, $29.95/broker-assisted
Investment options
30 mutual funds; Charles Schwab self-directed brokerage: 200+ commission-free ETFs, stocks, bonds, 2,500 funds
Minimum balance
$0
Features
Debit card, online banking
FDIC insured
Yes
Investment threshold
$1,000; $10,000 for self-directed accounts
Interest rate
Up to 1.25% based on balance tier and account type

The 2018 Best HSAs logo and accolade are available for licensing from IBD’s partner, PARS International. For details, please visit ibdreprints.com.
*Additional fees (custodial, inactivity, etc.) may apply
**Does not currently offer individual plans
Sources: Company reports, Devenir Research, Morningstar

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