First Dollar
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 Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $1.00 | $0.69 | ABOVE AVG |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
* $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.
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $0+ | 0.01% |
Last updated: 06-17-2024
Contact Information
Website
https://www.firstdollar.com/Address
First Dollar, Inc., 1710 Evergreen Ave., Suite A, Austin, TX 78704
Customer Service
At a Glance
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
Sentiment data coming soon
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