Fidelity HSA vs HSA Bank
Side by side on the numbers that decide it. The money8020 Score already weighs these — this is the receipts.
money8020 pick FI Fidelity HSA Fidelity Investments 97/100 | HB HSA Bank HSA Bank (a Webster Bank brand) 79/100 | |
|---|---|---|
| Tier | Essential | Strong |
| Account fees | $0 | Webster Bank, N.A. |
| Minimum to invest | $0 | Schwab self-directed |
| Cash yield | 3.37% | Individuals + employers |
| Stock & ETF commissions | $0 | FDIC (Webster Bank) |
| Annual fee | $0 | — |
| Best for | Anyone with a qualifying high-deductible health plan | People who want an established, bank-run HSA custodian |
| View profile | View profile |
Which should you choose: the Fidelity HSA or the HSA Bank?
The Fidelity HSA is the stronger pick of the two, with a money8020 score of 97/100 versus 79. Choose the HSA Bank instead if people who want an established, bank-run HSA custodian.
On account fees, the Fidelity HSA shows $0 versus the HSA Bank's Webster Bank, N.A.. On minimum to invest, the Fidelity HSA shows $0 versus the HSA Bank's Schwab self-directed. On cash yield, the Fidelity HSA shows 3.37% versus the HSA Bank's Individuals + employers. Both figures are reflected in the money8020 score above; confirm current terms with each provider before deciding. This is not financial advice.
Fidelity HSA vs HSA Bank: FAQ
Is the Fidelity HSA or the HSA Bank better?
By our scoring, the Fidelity HSA edges ahead with a money8020 score of 97/100 versus 79. The HSA Bank can still be the better fit if people who want an established, bank-run HSA custodian.
What is the main difference between the Fidelity HSA and the HSA Bank?
On account fees, the Fidelity HSA offers $0 while the HSA Bank offers Webster Bank, N.A.. Review the full table above and confirm current terms with each provider. This is not financial advice.