HSA Bank vs Lively HSA
Side by side on the numbers that decide it. The Money 8020 Score already weighs these — this is the receipts.
HB HSA Bank HSA Bank (a Webster Bank brand) 79/100 | Money 8020 pick L Lively HSA Lively 96/100 | |
|---|---|---|
| Tier | Strong | Essential |
| Custodian | Webster Bank, N.A. | $0 |
| Investing | Schwab self-directed | Schwab self-directed |
| Available to | Individuals + employers | $24/yr |
| Cash insurance | FDIC (Webster Bank) | FDIC at custodian |
| Annual fee | — | — |
| Best for | People who want an established, bank-run HSA custodian | Individuals who want a no-fee HSA they open themselves |
| View profile | View profile |
Which should you choose: the HSA Bank or the Lively HSA?
The Lively HSA is the stronger pick of the two, with a Money 8020 score of 96/100 versus 79. Choose the HSA Bank instead if people who want an established, bank-run HSA custodian.
On custodian, the HSA Bank shows Webster Bank, N.A. versus the Lively HSA's $0. On available to, the HSA Bank shows Individuals + employers versus the Lively HSA's $24/yr. On cash insurance, the HSA Bank shows FDIC (Webster Bank) versus the Lively HSA's FDIC at custodian. Both figures are reflected in the Money 8020 score above; confirm current terms with each provider before deciding. This is not financial advice.
HSA Bank vs Lively HSA: FAQ
Is the HSA Bank or the Lively HSA better?
By our scoring, the Lively HSA edges ahead with a Money 8020 score of 96/100 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 HSA Bank and the Lively HSA?
On custodian, the HSA Bank offers Webster Bank, N.A. while the Lively HSA offers $0. Review the full table above and confirm current terms with each provider. This is not financial advice.