Avidia Bank | HSA Search
Quick Summary
- No maintenance fee
- 275K+ accounts
- 30+ investment options
- Devenir partnership
The Verdict
Avidia Bank | HSA Search provides essential HSA features with zero monthly maintenance fees and mutual fund investing, earning a 2.7/5.0 rating from HSA Orbit.
Avidia Health is an HSA marketplace leader, offering a No Fee product that combines services traditionally seen in big-bank financial services with the personal attention provided by smaller financial institutions. Headquartered in Massachusetts, Avidia is an FDIC insured bank with accounts in all 50 states and over one billion dollars in assets and accounts. Avidia offers private label banking and affinity programs, employing a partnership approach to creating HSA solutions with clients’ needs in mind.
Avidia Bank has made a significant commitment to provide outstanding service along with the products that will help our customers invest and save for their future. Health Savings Accounts from Avidia Bank can be the key to protecting yourself and your family. A Health Savings Account from Avidia Bank is easy to open and easy to manage. And with Internet Banking and Bill Pay, our customers are in total and secure control at all times.
Key Features
Banking & Access
Includes debit card, online banking and check-writing.
Investment Options
Offers mutual fund investing.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
Requires $10 minimum balance. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $0.00 | $0.69 | EXCELLENT |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
* $0 monthly; $2.50/month investment fee
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Mutual Fund Investing
Access mutual fund investments through your HSA with Avidia Bank | HSA Search.
- Minimum Threshold$1,000
- Fees$2.50/month investment fee, waived with $3K+ cash. No-load/no-fee mutual fund purchases. Devenir partnership.
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $0 - $2,500 | 0.03% |
| $2,500 - $20,000 | 0.05% |
| $20,000+ | 0.07% |
Last updated: 02-13-2025
Contact Information
At a Glance
Pros & Cons
The Good
- •No monthly maintenance fees
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
The Bad
- •$1,000 minimum to invest
User Sentiment
Based on community feedback
Sentiment data coming soon
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