I

Inspira Financial

Best ForLong-Term Savers
FeesNone ($0 Maintenance)

Quick Summary

  • Formerly PayFlex, now Inspira Financial
  • 7M+ clients
  • $62B+ in assets
  • 30 mutual funds + stable value

The Verdict

Inspira Financial offers a solid foundation with zero monthly maintenance fees and mutual fund investing, earning a 3.1/5.0 rating from HSA Orbit.

Inspira Financial provides health, wealth, retirement, and benefits solutions that strengthen and simplify the health and wealth journey. With more than 7 million clients, representing over $62 billion in assets, Inspira works with thousands of employers, plan sponsors, recordkeepers, TPAs, and other institutional partners — helping the people they care about plan, save, and invest for a brighter future. Inspira relentlessly pursues better outcomes for all with our automatic rollover services, health savings accounts, emergency savings funds, custody services, and more. Learn more at inspirafinancial.com.

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*$0.00$0.69EXCELLENT
Account Opening$0.00$1.88EXCELLENT
Account Closing$0.00$1.95EXCELLENT
Non-Sufficient Funds (NSF)$25.00N/A--
Deposit Item Returned$25.00N/A--
Mailed copy of monthly statement (statements available online, no fee)$1.50N/A--

* No fee for employer-sponsored accounts

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

Investment Options

Mutual Fund Investing

Access mutual fund investments through your HSA with Inspira Financial.

  • Minimum Threshold$1,000
  • Fees30 SEC-registered mutual funds + 1 institutional stable value option

Interest Rates

Standard Rates

Balance RangeAPY
$0 - $2,0000.01%
$0 - $2,0000.05%
$2,000 - $7,5000.10%
$7,500 - $15,0000.25%
$2,000+0.05%
$15,000+0.50%

Last updated: 12-11-2023

Contact Information

Address

2001 Spring Road, Suite 700, Oak Brook, IL 60523

Customer Service

1-844-729-3539

2001 Spring Road, Suite 700 Oak Brook, IL 60523 Customer Service Mailing Address PO Box 8396 Omaha, NE 68108-8396

Sales Contact

917-488-2033

At a Glance

Monthly Fee$0
Investment Threshold$1,000
Interest Rate (Cash)~0.50%
Debit CardIncluded
FDIC InsuredYes

Pros & Cons

The Good

  • No monthly maintenance fees
  • No account opening or closing fees
  • FDIC/NCUA insured deposits

The Bad

  • $1,000 minimum to invest

User Sentiment

Based on community feedback

--
NegativeNeutralPositive

Sentiment data coming soon

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