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 11/27/2023 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
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.
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.
Investing accountThis is your potential HSA value after investing for 30 years.
FDIC-insured savings account
FDIC-insured savings accountThis is your potential regular savings account value after saving for 30 years.
Learn more about HSAs
Here's how to get the most out of a health savings account.
With respect to federal taxation only. Contributions, investment earnings, and distributions may or may not be subject to state taxation.
Fidelity Go® provides discretionary investment management, and in certain circumstances, non-discretionary financial planning, for a fee. Advisory services offered by Fidelity Personal and Workplace Advisors LLC (FPWA), a registered investment adviser. Discretionary portfolio management services provided by Strategic Advisers LLC (Strategic Advisers), a registered investment adviser. Brokerage services provided by Fidelity Brokerage Services LLC (FBS), and custodial and related services provided by National Financial Services LLC (NFS), each a member NYSE and SIPC. FPWA, Strategic Advisers, FBS and NFS are Fidelity Investments companies.
The information provided herein is general in nature. It is not intended, nor should it be construed, as legal or tax advice. Because the administration of an HSA is a taxpayer responsibility, you are strongly encouraged to consult your tax advisor before opening an HSA. You are also encouraged to review information available from the Internal Revenue Service (IRS) for taxpayers, which can be found on the IRS website at IRS.gov. You can find IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans, and IRS Publication 502, Medical and Dental Expenses, online, or you can call the IRS to request a copy of each at 800-829-3676.
Investing involves risk, including risk of loss.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917