H

HealthEquity

Best ForInvestment-Minded Savers
Fees$3.95/mo

Quick Summary

  • Largest non-bank HSA custodian
  • $33B+ in assets
  • 10M+ members
  • Morningstar Above Average

The Verdict

HealthEquity offers a solid foundation with a monthly fee of $3.95 and mutual fund investing, earning a 3.8/5.0 rating from HSA Orbit.

We are dedicated to helping Americans thrive in today's health care system by empowering health savings, while helping employers manage benefit costs.

HealthEquity provides a solution to an issue of growing importance to American families: affording lifelong health care. More than two million members are paying less for health insurance, taking control of medical bills and building health savings for life with HealthEquity health savings accounts (HSAs). Our expert advisors, who are available every hour of every day, offer helpful insight to maximize savings.

Health plans and employers covering one-third of working Americans offer HealthEquity. Joining HealthEquity's ecosystem and further engaging members are leading consumer health applications, in areas such as price transparency, tele-medicine, and wellness.

Key Features

Banking & Access

Includes debit card and online banking.

Investment Options

Offers mutual fund investing.

Security & Insurance

Deposits are FDIC/NCUA insured for your protection.

Account Details

No minimum balance to open. no account opening fees.

Fee Analysis

Fee TypeThis ProviderIndustry AverageVerdict
Monthly Maintenance*$3.95$0.69ABOVE AVG
Account Opening$0.00$1.88EXCELLENT
Account Closing$25.00$1.95ABOVE AVG

* $3.95/month if balance < $2,500; waived at $2,500+

Industry averages calculated from 853 providers in the HSA Orbit database.

Investment Options

Mutual Fund Investing

Access mutual fund investments through your HSA with HealthEquity.

  • Minimum Threshold$500
  • Fees0.03%/month (0.36%/year) capped at $10/month. Advisor: 0.05%/month capped at $15/month. $1/month paper statement fee.

Interest Rates

Contact Information

Address

15 W. Scenic Pointe Dr., Ste. 100, Draper, UT 84020

Customer Service

866-346-5800

HealthEquity, Inc. 15 W. Scenic Pointe Dr., Ste. 100 Draper, UT 84020 Customer Service Mailing Address HealthEquity, Inc. 15 W. Scenic Pointe Dr., Ste. 100 Draper, UT 84020

At a Glance

Monthly Fee$3.95
Investment Threshold$500
Interest Rate (Cash)Not published
Debit CardIncluded
FDIC InsuredYes

Pros & Cons

The Good

  • FDIC/NCUA insured deposits

The Bad

  • Monthly fee of $3.95
  • $500 minimum to invest
  • Interest rates not published

User Sentiment

Based on community feedback

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NegativeNeutralPositive

Sentiment data coming soon

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