Fidelity HSA® is ranked #1 by Morningstar for five years in a row!
Fidelity continues to stand above the rest as the top HSA provider for both spenders and investors and is currently the second largest HSA provider.
For the fifth year in a row, Fidelity was named the top HSA provider by Morningstar, standing out among 10 of the largest HSA providers as the best HSA for investing and for spending.1 This year, Fidelity is the only provider to receive the top billing for either the spending or investment account, let alone both.
As a spending account, the Fidelity HSA® “cemented its place as the industry’s top offering by delivering significantly larger returns on cash balances”2 and “pays an exceptional interest rate” that “stands far above rates paid by other providers”2. And for investors, Fidelity is also the clear-cut winner as “the only provider that doesn't levy any expenses outside of the underlying fund fees—and by not requiring an investment threshold” 2.
This accolades come in conjunction with another top ranking by Investor’s Business Daily as a Best HSA for 20243.
Fidelity continues with strong organic HSA growth as reported in the latest Devenir HSA industry report, becoming the second largest HSA provider4.
Through Fidelity’s focus on attracting new business, retaining clients, and growing balances through engagement and investing, over the last five years, Fidelity has increased its market share more than any other provider4 and continues to grow its business organically by providing value through an excellent customer experience and client engagement and education.
Compared to the rest of the industry, Fidelity HSA® customers contribute, save, and invest more of their dollars for their health care needs. The Devenir report found that compared to the rest of the industry, Fidelity customers:4
- Contribute 23% more to their HSA
- Save more with 91% higher account balances
- Invest more with double the number of invested accounts