HSA Shop logoHSA Shop

HSA Guide

What banks can you set up an HSA with?

Published May 24, 2024

Check eligibility on the gobrowse 7,000+ HSA-eligible products in the free app.

Get the app
Short answer: You can set up an HSA with banks such as Bank of America, Chase, Wells Fargo, Citibank, PNC Bank, or TD Bank, and compare their interest rates and fees.

Common banks for opening an HSA

Setting up a Health Savings Account (HSA) is a smart way to save for medical expenses while enjoying tax benefits. When it comes to choosing a bank to set up your HSA with, there are a variety of options available. Here are some popular banks where you can establish an HSA:

  • Bank of America
  • Chase
  • Wells Fargo
  • Citibank
  • PNC Bank
  • TD Bank

Compare interest rates and fees

These banks offer convenient ways to manage your HSA funds and provide online tools to track your healthcare expenses effectively. Moreover, they often have competitive interest rates and low fees, making it easier for you to grow your HSA savings over time.

When choosing a bank for your Health Savings Account (HSA), it's essential to compare not just the interest rates but also the fees associated with account maintenance. Options like Bank of America , Chase , and others provide tools to help you manage your healthcare expenses without breaking the bank.

Free App

Browse 7,000+ HSA-Eligible Products

Search by symptom, get price alerts, and build your HSA shopping list — all in the free app.

← Back to all articles