Bank of America HSA vs Lively HSA
Side by side on the numbers that decide it. The Money 8020 Score already weighs these — this is the receipts.
BO Bank of America HSA Bank of America 75/100 | Money 8020 pick L Lively HSA Lively 96/100 | |
|---|---|---|
| Tier | Strong | Essential |
| Monthly fee | $2.50 | $0 |
| Investing threshold | $1,000 | Schwab self-directed |
| Investing | Merrill | $24/yr |
| Cash insurance | FDIC (BofA, N.A.) | FDIC at custodian |
| Annual fee | — | — |
| Best for | Existing Bank of America customers who want everything in one place | Individuals who want a no-fee HSA they open themselves |
| View profile | View profile |
Which should you choose: the Bank of America HSA or the Lively HSA?
The Lively HSA is the stronger pick of the two, with a Money 8020 score of 96/100 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 Lively HSA's $0. On investing threshold, the Bank of America HSA shows $1,000 versus the Lively HSA's Schwab self-directed. On investing, the Bank of America HSA shows Merrill versus the Lively HSA's $24/yr. Both figures are reflected in the Money 8020 score above; confirm current terms with each provider before deciding. This is not financial advice.
Bank of America HSA vs Lively HSA: FAQ
Is the Bank of America HSA or the Lively HSA better?
By our scoring, the Lively HSA edges ahead with a Money 8020 score of 96/100 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 Lively HSA?
On monthly fee, the Bank of America HSA offers $2.50 while the Lively HSA offers $0. Review the full table above and confirm current terms with each provider. This is not financial advice.