Bank of America HSA vs Fidelity HSA
Side by side on the numbers that decide it. The money8020 Score already weighs these — this is the receipts.
BO Bank of America HSA Bank of America 75/100 | money8020 pick FI Fidelity HSA Fidelity Investments 97/100 | |
|---|---|---|
| Tier | Strong | Essential |
| Monthly fee | $2.50 | $0 |
| Investing threshold | $1,000 | $0 |
| Investing | Merrill | 3.37% |
| Cash insurance | FDIC (BofA, N.A.) | $0 |
| Annual fee | — | $0 |
| Best for | Existing Bank of America customers who want everything in one place | Anyone with a qualifying high-deductible health plan |
| View profile | View profile |
Which should you choose: the Bank of America HSA or the Fidelity HSA?
The Fidelity HSA is the stronger pick of the two, with a money8020 score of 97/100 versus 75. Choose the Bank of America HSA instead if existing Bank of America customers who want everything in one place.
On monthly fee, the Bank of America HSA shows $2.50 versus the Fidelity HSA's $0. On investing threshold, the Bank of America HSA shows $1,000 versus the Fidelity HSA's $0. On investing, the Bank of America HSA shows Merrill versus the Fidelity HSA's 3.37%. Both figures are reflected in the money8020 score above; confirm current terms with each provider before deciding. This is not financial advice.
Bank of America HSA vs Fidelity HSA: FAQ
Is the Bank of America HSA or the Fidelity HSA better?
By our scoring, the Fidelity HSA edges ahead with a money8020 score of 97/100 versus 75. The Bank of America HSA can still be the better fit if existing Bank of America customers who want everything in one place.
What is the main difference between the Bank of America HSA and the Fidelity HSA?
On monthly fee, the Bank of America HSA offers $2.50 while the Fidelity HSA offers $0. Review the full table above and confirm current terms with each provider. This is not financial advice.