Lively HSA
Lively offers a health savings account with no monthly fee for individuals and self-directed investing through a Charles Schwab brokerage window. Its optional managed-investing tier costs $24 a year, waived when you keep at least $3,000 in cash. An HSA is a tax-advantaged account for medical expenses; cash balances are FDIC-insured at the custodian bank, while invested funds carry market risk.
Is the Lively HSA worth it?
Lively offers a health savings account with no monthly fee for individuals and self-directed investing through a Charles Schwab brokerage window. Its optional managed-investing tier costs $24 a year, waived when you keep at least $3,000 in cash. We source this pricing from Lively; it carries our ◆ Partner data label.
An HSA is a triple-tax-advantaged account: contributions are pre-tax, growth is tax-free, and withdrawals for qualified medical expenses are tax-free. Cash balances are held at an FDIC-member partner bank and insured up to $250,000 per depositor; money you invest is not FDIC-insured and can lose value.
The honest caveat: fees and terms are partner-supplied and can change, so confirm current terms on Lively’s own site. This is not financial advice.
How does a high-yield savings account work?
A high-yield savings account holds cash and pays interest, quoted as an annual percentage yield (APY). The bank can change a variable APY at any time, and federal rules may limit certain withdrawals. Interest compounds — usually daily or monthly — and is taxable income in the year you earn it.
What are the pros and cons of the Lively HSA?
The Lively HSA stands out for no monthly fee for individual accounts, though the managed-investing tier costs $24 a year unless you hold at least $3,000 in cash.
- No monthly fee for individual accounts
- Self-directed investing via a Charles Schwab brokerage window
- Cash balances are FDIC-insured at the custodian bank
- The managed-investing tier costs $24 a year unless you hold at least $3,000 in cash
- Invested funds are not FDIC-insured and can lose value
- Fees and features are partner-supplied — confirm on Lively's site
Who should get the Lively HSA?
The Lively HSA is best for individuals who want a no-fee HSA they open themselves.
- Individuals who want a no-fee HSA they open themselves
- HSA savers who want to invest through Charles Schwab
- People using an HSA as a long-term, triple-tax-advantaged account
How does the Lively HSA compare?
Among the 6 health savings accounts (hsas) we track, the Lively HSA ranks #2 with a money8020 score of 96/100.
| Product | Score | Tier | Provider |
|---|---|---|---|
| Fidelity HSA | 97 | Essential | Fidelity Investments |
| Lively HSA | 96 | Essential | Lively |
| HealthEquity HSA | 81 | Strong | HealthEquity |
| HSA Bank | 79 | Strong | HSA Bank (a Webster Bank brand) |
| Optum Bank HSA | 77 | Strong | Optum Bank |
See all health savings accounts (hsas), ranked →
Common mistakes to avoid with a high-yield savings account
- Chasing a teaser rate without checking the ongoing APY or any balance tier needed to earn it.
- Leaving an emergency fund in a 0.01% big-bank account instead of a high-yield account.
- Assuming the APY is fixed — it is variable and can drop after you open.
- Overlooking transfer times: moving money to a linked bank can take one to three business days.
Key takeaways
- Lively HSA earns a money8020 score of 96/100, ranking #2 of 6 health savings accounts (hsas).
- No monthly fee for individual accounts
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- Best for individuals who want a no-fee HSA they open themselves.
- Rate and terms sourced from our verified data partner.
Frequently asked questions about the Lively HSA
Does Lively charge a monthly fee for its HSA?
No. Lively's HSA has no monthly fee for individuals. Its optional managed-investing tier costs $24 a year, waived when you keep at least $3,000 in cash. Confirm current pricing on Lively's site. This is not financial advice.
Is money in a Lively HSA FDIC insured?
Cash balances are FDIC-insured at the custodian bank up to $250,000 per depositor. Money you invest through the Schwab brokerage window is not FDIC-insured and can rise or fall in value.
Can the rate on the Lively HSA change?
Yes. A high-yield savings APY is variable, so the bank can raise or lower it at any time, often following moves in the federal funds rate. Check the rate before you open and review it periodically.
How is interest from the Lively HSA taxed?
Savings interest is taxable as ordinary income in the year you earn it. If you earn more than $10, the bank sends a Form 1099-INT, and you report it on your federal return.
Sources
We sourced these figures from our verified data partner and independently confirmed the provider’s regulator status, last checked May 30, 2026. Primary sources: