Health savings accounts

A health savings account (HSA) is one of the best ways to save for qualified medical expenses and any earnings are tax-free1 along the way.

Open an HSA

With Fidelity, there are no account fees or minimums2 and your money has the potential to grow faster

We've put together a quick comparison to show how much harder your money could work for you when you choose a Fidelity HSA compared to other HSA providers.

  Fidelity HSA® HealthEquity® Optum Bank® Lively®
Are there annual account fees? No2 Yes Yes Yes
How much could my cash earn?*
Rate may vary due to market conditions.
Default: Money Market
Fund Government
Cash Reserves 7-day Yield
As of September-13-2023
Default: Enhanced Rates
Sweep APY
As of September-13-2023
Default: eSaver Rates
Sweep APY
As of September-13-2023
Default: Standard Sweep
As of September-13-2023
Is there a minimum amount required to invest?** No# Yes Yes No

Performance data shown represents past performance and is no guarantee of future results. Investment returns and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. See current yield and most recent month-end performance for Fidelity® Government Cash Reserves FDRXX.

  • More information

    You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund's sponsor, have no legal obligation to provide financial support to money market funds and you should not expect that the sponsor will provide financial support to the fund at any time.

    * Money market funds have different characteristics than bank sweep accounts and savings accounts. Read any fund's prospectus carefully. An important difference is that bank sweep products have FDIC protection, which guarantees principal and interest within limits; and money market funds and non-bank default sweep products do not. See more information about safeguarding your accounts. The Fidelity fund yield is the average amount earned by the fund after expenses over the past 7 days (per date indicated) and annualized. The comparison APY is the amount of total interest earned on a bank product in 1 year. Comparison is based on information available on each providers public website as of 9/13/2023 and is subject to change. Please carefully consider ALL fees, features and characteristics for each account carefully.

Rated #1 HSA and best HSA in the industry

Ranked the #1 HSA provider among 10 of the largest HSA providers3

2019, 2020, 2021 & 2022

Awarded for widest investment options, low fees, best savings rates, zero investment threshold, and access to professional management4


Your savings aren't "use it or lose it"— your money can accumulate year over year

Investing your savings may help you grow your account over time when compared to a regular savings account. The longer the money is invested, the greater the potential difference. If you don't want to manage your investments yourself, try Fidelity Go® HSA and leave it to the professionals.

Monthly contribution Monthly contribution

2023 contribution limits

Individual health plans:

$3,850.00 for the year, which could be a contribution of $320.83 per month.

Family health plans:

$7,750.00 for the year, which could be a contribution of $645.83 per month.
Minimum 0 Maximum 640

Investing account

Investing account

This is your potential HSA value after investing for 30 years.

FDIC-insured savings account

FDIC-insured savings account

This is your potential regular savings account value after saving for 30 years.

Frequently asked questions about HSAs

How can I save money with an HSA?

With an HSA you get a triple-tax advantage1 to help you save money. All your HSA contributions are tax-free, whether pre-tax through your paycheck or after-tax contributions. Your investments grow tax-free, and withdrawals for qualified health expenses aren’t taxed either.5 Plus after age 65, you can spend your HSA savings on anything you want.

Am I eligible for an HSA?

You're eligible to open and contribute to an HSA if you have a high-deductible health plan. You may also be able to get an HSA through your spouse or domestic partner.

What happens if I switch jobs?

Your money is always yours—it stays with you if you change jobs or health plans and when you retire. You can also spend, invest, or transfer your money at any time, even if you're no longer covered by a high-deductible health plan.

Learn more about HSAs

What is an HSA, and how does it work?

Here's how to get the most out of a health savings account.


HSA vs. FSA: Which is right for you?

Here's what to know about both accounts.


Managing unexpected heath care costs

Fidelity's Bryan Hwang shares what he learned.


Already have a Fidelity HSA?

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