Lively HSA review

Lively takes second place with the clearest fee table on this list. Its pricing page lists $0 for monthly maintenance, account opening, account closing, transfers in or out, excess contributions, reimbursements and up to 3 debit cards, and says the HSA is free for individuals and families. Cash sits at partner financial institutions that are FDIC or NCUA insured, so your balance may be eligible for pass-through deposit insurance, and it earns interest. Investing is optional and is where fees appear: access to a Schwab Health Savings Brokerage Account costs $24 a year, or nothing if you keep a $3,000 minimum cash balance, and the HSA Guided Portfolio charges 0.50% a year. That makes Lively a strong pick for families who want separate cards and a simple app, and for people who will hold a cash cushion anyway. Investors starting with a small balance pay less at Fidelity, where there is no investing access fee and the managed option is free under $25K.

Who it is for

individuals who want a fee-free HSA app with Schwab investing

Price

$0 monthly, opening, closing and transfer fees; Schwab brokerage access $24 a year or $3,000 cash balance.

Monthly Maintenance $0 Account Opening Fee $0 Account Closing Fee $0
Quoted from the vendor pricing page on November 13, 2026.

Key features

• $0 monthly maintenance, account opening and account closing fees
• $0 funds transfer in or out, and up to 3 debit cards at $0
• Optional Schwab Health Savings Brokerage Account for $24 a year or a $3,000 minimum cash balance
• Optional HSA Guided Portfolio at 0.50% a year
• Cash balances held at FDIC or NCUA insured partner institutions and interest bearing

Strengths and weaknesses

• Strength: Free for individuals and families, with $0 transfer and closing fees
• Strength: Up to 3 debit cards at no cost for a household
• Strength: Choice of self-directed Schwab brokerage or a guided portfolio
• Weakness: Schwab access costs $24 a year unless you keep $3,000 in cash
• Weakness: Guided Portfolio at 0.50% a year costs more than Fidelity Go under $25K
• Weakness: Lively is not itself a bank; insurance applies through partner institutions

Key facts

• Monthly fee: $0
• Transfer fee: $0 in or out
• Self-directed investing: Schwab, $24 a year or $3,000 cash balance
• Managed option: HSA Guided Portfolio, 0.50% a year

Where it ranks

Lively HSA is No. 2 in our Best HSA Providers verdict.