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HSA Fee Comparison

HealthSavings is proud to offer a simple, transparent fee structure that makes us the clear choice as an investment-focused HSA partner. In addition, HealthSavings’ average expense ratio is 75% lower than industry average.

Not counting market swings, fund expense ratios are likely to have the largest impact on investment returns over the life of an account. By choosing from our carefully curated selection of low-cost, institutional-class funds, HealthSavings accountholders have historically saved five times more than the industry average.

Provider NameAnnual Maintenance FeeAnnual Investment FeeInvestment ThresholdOpportunity Cost*Average Expense RatioExpense Ratio Cost for $11,000 InvestmentTotal Fees + Expense Ratio Cost
HSA Authority$0$36$1,000$590.30%$33$126
Bank of America$54$0$1,000$590.46%$51$159
UMB Bank$35$36$1,000$590.34%$37$165
HSA Bank$300.45%$1,000$590.32%$35$166
Fifth Third$36$24 + 0.20%$2,000$1150.52%$57$239
Optum Bank$330.36%$2,000$1190.29%$32$210

* Many HSA providers require accountholders to keep a minimum balance in their cash account before they can invest additional funds. However, keeping funds in a low-interest cash account means accountholders miss out on those funds’ potential investment returns; this is known as opportunity cost.

These calculations assume a 6% market return and use the applicable cash account interest rate for each HSA provider.