H

HSA Central

Best ForActive Investors
Fees$2.50/mo

Quick Summary

  • HSA savings account

The Verdict

HSA Central provides essential HSA features with a monthly fee of $2.50 and self-directed brokerage access, mutual fund investing, earning a 0/5.0 rating from HSA Orbit.

HSA Central, a division of Central Bank, serves health savings account (HSA) customers throughout the United States. With mobile and online banking options, including Bill Pay and Mastercard® debit cards, participants can bank anytime, anywhere. For more than a decade, Forbes Magazine continues to recognize Central Bancompany and our family of banks as one of the “Best Banks in America” in the large bank category.

Key Features

Banking & Access

Includes debit card, online banking and check-writing.

Investment Options

Offers self-directed brokerage and mutual fund investing.

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*$2.50$0.69ABOVE AVG
Account Opening$0.00$1.88EXCELLENT
Account Closing$25.00$1.95ABOVE AVG

* Account Opening Fee

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

Investment Options

Brokerage Access

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

StocksETFsMutual Funds

Mutual Fund Investing

Access mutual fund investments through your HSA with HSA Central.

  • Minimum Threshold$3,000
  • Fees$1.00 / month

Interest Rates

Interest rates are not currently available for this provider.

Contact Information

Customer Service

833-232-4676

At a Glance

Monthly Fee$2.50
Investment Threshold$3,000
Interest Rate (Cash)Not published
Debit CardIncluded
FDIC InsuredYes

Pros & Cons

The Good

  • Self-directed brokerage access
  • FDIC/NCUA insured deposits

The Bad

  • Monthly fee of $2.50
  • $3,000 minimum to invest
  • Interest rates not published

User Sentiment

Based on community feedback

--
NegativeNeutralPositive

Sentiment data coming soon

Compare with Related Providers

N

New Direction Trust Company

New Direction Trust Company is a trusted custodian for self-directed HSAs. An HSA with NDTCO can invest in a wide array of assets including private equity, real estate, private loans, precious metals and more. We are commonly used in a 2 HSA system (an HSA at a bank for convenience and an HSA at NDTCO) to maximize the tax benefits of this account type. Ask us how!

Read Review →
B

Bankers Trust

Our tradition is one of strength, progress, local ownership, and support for individuals and the community - this is a tradition we pledge to maintain. If you've already entrusted us with your business, thank you. If you are considering Bankers Trust, we look forward to also providing you exemplary products, expertise, and a level of customer service that's second to none. You can be confident with your decision to do business with Bankers Trust. We can be reached using our toll-free line, our website, or our 24-hour, 7-day Easy Access automated line. However you reach us, we appreciate the opportunity to serve your financial needs.

Read Review →
F

Flex HSA

Flexible Benefit Service Corporation (Flex) offers integrated HSAs for anyone with a qualified high deductible health plan. Since 1988, Flex has helped individuals and families save on healthcare expenses with our full portfolio of consumer-driven accounts. Our HSA simplifies the health plan experience for our account holders by giving them real-time resources to help them manage their money, including our easy-to-use Mobile App and a web site with videos, calculators, tutorials and more.

Read Review →