S

Sterling HSA

Best ForActive Investors
Fees$2.50/mo

Quick Summary

  • Woman/minority-owned
  • Multiple plan tiers
  • Full benefits administration
  • Investment options

The Verdict

Sterling HSA provides essential HSA features with a monthly fee of $2.50 and self-directed brokerage access, earning a 2.8/5.0 rating from HSA Orbit.

Sterling Administration is an independent, minority, woman-owned administrator for HSAs, HRAs, FSAs, POPs and COBRA. Additionally, Sterling offers expert compliance services for ERISA Wrap, Form 5500 Filing, non-discrimination testing, and requirements under the Patient Protection Affordable Care Act (PPACA).

Sterling was named a national Best Place to Work by Business Insurance Magazine in 2014. Sterling is large enough to offer the most advanced benefits administration technology and services, yet small enough to provide a personalized experience. We pride ourselves on our unparalleled service. Sterling is based in Oakland, California with remote staff nationwide.

Key Features

Banking & Access

Includes debit card and online banking.

Investment Options

Offers self-directed brokerage.

Security & Insurance

Deposits are FDIC/NCUA insured for your protection.

Account Details

Requires $100 minimum balance. no account opening fees.

Fee Analysis

Fee TypeThis ProviderIndustry AverageVerdict
Monthly Maintenance*$2.50$0.69ABOVE AVG
Account Opening$0.00$1.88EXCELLENT
Account Closing$0.00$1.95EXCELLENT

* $2.50/month (Value Plan) or $8.75/month (Standard Plan) - No waiver; plan-based pricing

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

Investment Options

Brokerage Access

Sterling HSA provides a self-directed brokerage window for investing your HSA funds in the broader market.

StocksETFs

Interest Rates

Standard Rates

Balance RangeAPY
$500 - $5,0000.10%
$5,000 - $10,0000.20%
$10,000 - $15,0000.30%
$15,000+0.45%

Last updated: 03-19-2024

Contact Information

Address

1000 Broadway #250 Oakland, CA 94607 Customer Service Mailing Address Sterling Administration P.O. Box 71107 Oakland, CA 94612

Customer Service

800-617-4729

1000 Broadway #250 Oakland, CA 94607 Customer Service Mailing Address Sterling Administration P.O. Box 71107 Oakland, CA 94612

At a Glance

Monthly Fee$2.50
Investment Threshold$0
Interest Rate (Cash)~0.45%
Debit CardIncluded
FDIC InsuredYes

Pros & Cons

The Good

  • No account opening or closing fees
  • Self-directed brokerage access
  • FDIC/NCUA insured deposits

The Bad

  • Monthly fee of $2.50

User Sentiment

Based on community feedback

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NegativeNeutralPositive

Sentiment data coming soon

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