Below is a breakdown of some of the most competitive HSA banking options. Some of the HSA plans below offer simple interest bearing accounts with checks and Visa or MasterCard debit cards, while others also offer investment opportunities for mutual funds, stocks and bonds.
Please remember that before you can open an Health Savings Account you must first have an HSA qualified health plan. Get a free quote on an HSA qualified health plan.
Any decent HSA administrator will give you debit card and let you manage your account, pay bills, and check balances through their website and mobile app. Remember to check for monthly fees and service charges.
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- Lively: A fee-free model for individuals, a clean mobile-friendly platform, and access to self-directed investments through a brokerage window with no minimum to start investing.
- HSA Bank: A stable provider backed by Webster Bank, offering a straightforward interface and integration with a broad range of pre-tax and wellness accounts.
- Fidelity: No monthly maintenance fees or minimum balances, a wide range of investment options (stocks, bonds, ETFs, mutual funds), and high interest rates on cash balances.
- Optum Bank: After reaching a minimum balance of $1,000, you can invest your HSA dollars in a variety of mutual funds.
- HealthEquity: Offers both self-directed investing and guided investment options (AI-advisor) for a hands-off approach. It integrates with many employer-sponsored plans.
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- Bank of America: No annual maintenance fees for many accounts and nationwide accessibility via branches and ATMs, with investments available through Merrill.
- Citibank: No monthly fees and after reaching a minimum balance of $1,500, you can invest your HSA funds.
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Plans referenced above last updated in 2025 and are subject to change without notice.
Health Savings Accounts are the biggest advancement in health care financing in years is available to anyone in Colorado with our HSA qualifying medical plans! Call Colorado Health Insurance Brokers at 800-416-4481 for more information and a free quote or Get a free instant HSA quote.
MORE HSA RESOURCES >>
HSA OVERVIEW
HSA HIGH DEDUCTIBLE HEALTH PLANS
HSA QUALIFIED EXPENSES
HSA – ALTERNATIVE MEDICINE
HSA QUESTIONS AND ANSWERS
GET A QUOTE ON AN HSA QUALIFIED HEALTH PLAN
* See IRS Publication 502 for a list of qualifying medical expenses. You may also reference IRS Publication 969 and the IRS HSA Questions and Answers bulletin and www.irs.gov for more information on HSA’s and IRS rulings and www.ustreas.gov for Treasury Department rulings. Federal and state regulations are subject to change. Colorado Health Insurance Brokers are not engaged in rendering tax, investment or legal advice. If tax, investment or legal advice is required, seek the services of a licensed professional.
