The HSA Report Card

Savers

The Best HSAs for Savers

 
 

Criteria for Evaluating HSA Plans

AS A SAVING VEHICLE

When evaluating HSAs as a saving vehicle, we primarily focused on maintenance fees and to a lesser extent on interest rates. In this low-interest rate environment, interest earned on HSA deposits is rather small and can even be negative if fees are excessive.

A lot of the health savings accounts with competitive interest rates are run by local credit unions that have eligibility requirements, such as living in a particular state/region. Sometimes these requirements are waived with a small contribution to a local charity and sometimes not. We will present you with a few administrators that offer nationwide participation via eligibility workarounds. We will also present you with regional administrators that offer a combination of competitive interest rates and low fees. If you know of an administrator in your area that fits this profile, feel free to let us know. 

If you are planning on spending or investing any HSA dollars, these HSA providers are not for you. These HSA providers should only be used to safely earn interest on HSA dollars. Once you graduate to a spender or investor, take advantage of your HSAs portability and roll it over to an HSA administrator that meets your specific needs.

 

Nationwide Participation

 
 

State/Regional Specific Participation

California

 
 

Colorado

 
 

Georgia

 
 

Idaho

 
 

Indiana

 
 

Massachusetts

 
 

Michigan

 
 

North Carolina

 
 

Pennsylvania

 
 

Ohio

 
 

Oregon

 
 

Texas

 
 

Utah

 
 

Washington