Bank of America HSA vs Optum Bank 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 OB Optum Bank HSA Optum Bank 77/100 | |
|---|---|---|
| Tier | Strong | Strong |
| Monthly fee | $2.50 | $2.75 |
| Investing threshold | $1,000 | $2,000 |
| Investing | Merrill | FDIC (Optum Bank) |
| Cash insurance | FDIC (BofA, N.A.) | Employer plans |
| Annual fee | — | — |
| Best for | Existing Bank of America customers who want everything in one place | Employees whose company offers Optum Bank as the HSA custodian |
| View profile | View profile |
Which should you choose: the Bank of America HSA or the Optum Bank HSA?
The Optum Bank HSA is the stronger pick of the two, with a Money 8020 score of 77/100 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 Optum Bank HSA's $2.75. On investing threshold, the Bank of America HSA shows $1,000 versus the Optum Bank HSA's $2,000. On investing, the Bank of America HSA shows Merrill versus the Optum Bank HSA's FDIC (Optum Bank). 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 Optum Bank HSA: FAQ
Is the Bank of America HSA or the Optum Bank HSA better?
By our scoring, the Optum Bank HSA edges ahead with a Money 8020 score of 77/100 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 Optum Bank HSA?
On monthly fee, the Bank of America HSA offers $2.50 while the Optum Bank HSA offers $2.75. Review the full table above and confirm current terms with each provider. This is not financial advice.