F

First Dollar

Best ForActive Investors
Fees$1.00/mo

Quick Summary

  • 3,000+ investment options via TD Ameritrade
  • Low fees
  • No investment minimums
  • Modern UX

The Verdict

First Dollar provides essential HSA features with a monthly fee of $1.00 and self-directed brokerage access, earning a 2.7/5.0 rating from HSA Orbit.

We building a better HSA in every way, but we’re also innovating in a big way, too. We’re constantly thinking of every tool and resource you might need to best understand and fully utilize your HSA. That means providing an HSA that’s the most fee-free and the most easy to use PLUS offering exclusive benefits on the health products and services you and your family cares about most.

Key Features

Banking & Access

Includes debit card and online banking.

Investment Options

Offers self-directed brokerage.

Security & Insurance

Deposits are FDIC/NCUA insured for your protection.

Account Details

No minimum balance to open. no account opening fees.

Fee Analysis

Fee TypeThis ProviderIndustry AverageVerdict
Monthly Maintenance*$1.00$0.69ABOVE AVG
Account Opening$0.00$1.88EXCELLENT
Account Closing$0.00$1.95EXCELLENT

* $1/month if balance < $5,000; $0 at $5,000+

Industry averages calculated from 853 providers in the HSA Orbit database.

Investment Options

Brokerage Access

First Dollar provides a self-directed brokerage window for investing your HSA funds in the broader market.

StocksETFs

Interest Rates

Standard Rates

Balance RangeAPY
$0+0.01%

Last updated: 06-17-2024

Contact Information

Address

First Dollar, Inc., 1710 Evergreen Ave., Suite A, Austin, TX 78704

Customer Service

1(844) 204-4244

First Dollar, Inc. 1710 Evergreen Ave. Suite A Austin, TX 78704

At a Glance

Monthly Fee$1.00
Investment Threshold$0
Interest Rate (Cash)~0.01%
Debit CardIncluded
FDIC InsuredYes

Pros & Cons

The Good

  • No account opening or closing fees
  • Self-directed brokerage access
  • FDIC/NCUA insured deposits

The Bad

  • Monthly fee of $1.00

User Sentiment

Based on community feedback

--
NegativeNeutralPositive

Sentiment data coming soon

Compare with Related Providers

B

Bank of America

At Bank of America, we ask this question every day of all those we serve. It is at the core of how we live our values, deliver our purpose and achieve responsible growth. By asking this question, we continue to learn what matters most to our clients, our employees and our shareholders. It helps us start a conversation centered on our commitment to use our capabilities to help those we serve be successful. Because we recognize that we can only be successful when the individuals, companies, communities and employees we serve are able to reach their vision of success.

Read Review →
S

Sterling HSA

Sterling Administration is an independent, minority, woman-owned administrator for HSAs, HRAs, FSAs, POPs and COBRA. Additionally, Sterling offers expert compliance services for ERISA Wrap, Form 5500 Filing, non-discrimination testing, and requirements under the Patient Protection Affordable Care Act (PPACA). Sterling was named a national Best Place to Work by Business Insurance Magazine in 2014. Sterling is large enough to offer the most advanced benefits administration technology and services, yet small enough to provide a personalized experience. We pride ourselves on our unparalleled service. Sterling is based in Oakland, California with remote staff nationwide.

Read Review →
O

Optum Bank

At Optum Bank, member FDIC, we’re entirely dedicated to improving people’s well-being and are passionate about the relationship between health and finances. We are the leader in health accounts and payment solutions and leverage our digital platforms, advanced analytics, and proprietary technology to help people and organizations better manage health care expenses. Because when we understand the relationship between finance and health, we can all reach our full potential.

Read Review →