Home › Invest › HSA providers › HSA Bank vs HealthEquity
Both are HSAs you can open or move to. Here's how HSA Bank and HealthEquity compare on fees and investing.
| HSA Bank | HealthEquity | |
|---|---|---|
| Account fee | No monthly fees (per HSA Bank) | $2.95/month, waived with $2,000+ cash balance (standard schedule; employer plans can differ) |
| Investment fees | 0.10% (Choice), 0.25% (Select) or 0.35% (Managed) per year, billed quarterly; waived for a quarter with a $7,500+ average cash balance | 0.03%/month on invested balance (max $10/month); Advisor adds 0.05%/month (max $15) |
| Investment options | Self-directed, curated funds, or managed | not found |
| Minimum to invest | not found | Plan-specific investment threshold |
Sources: HSA Bank page (checked 2026-10-12) · HealthEquity member fee schedule (checked 2026-10-12)
Account fee: HSA Bank No monthly fees (per HSA Bank), HealthEquity $2.95/month, waived with $2,000+ cash balance (standard schedule; employer plans can differ); Investment fees: HSA Bank 0.10% (Choice), 0.25% (Select) or 0.35% (Managed) per year, billed quarterly; waived for a quarter with a $7,500+ average cash balance, HealthEquity 0.03%/month on invested balance (max $10/month); Advisor adds 0.05%/month (max $15); Investment options: HSA Bank Self-directed, curated funds, or managed, HealthEquity not found; Minimum to invest: HSA Bank not found, HealthEquity Plan-specific investment threshold.
Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.