Fidelity Health Savings Account (HSA) Program Banks


Customers may obtain the benefits of FDIC insurance eligibility* in a Fidelity HSA® through the FDIC-Insured Deposit Sweep Program and the Program Banks listed below. Once you open and fund your HSA1, the available Cash Balance will be held on your behalf at one or more of the Program Banks assigned to your account2. Once at the bank, your Cash Balance will be eligible for FDIC insurance coverage up to the applicable limits3.

Fidelity will assign a Program Bank List to your account. The banks on the list will be eligible to receive your Cash Balances. If you open your account online today then your account will be assigned the Program Bank List shown below. After your account is established, you will receive a New Account Profile confirming your account details, including the Program Bank List assigned to your account. If you open your account online, you will receive information about the Program Bank List that will be assigned to your account before you complete the account opening process. After your account is open, you may contact us to change to another Program Bank List, if one is available.

HSA Program Bank List4,5

Information current as of 11/26/2015.

Fidelity will manage the movement of money between Fidelity and the Program Bank; this will occur automatically whenever you make deposits, execute transactions or withdraw money from your HSA. To learn more, please review the FDIC-Insured Deposit Sweep Program Disclosures. You may call a Fidelity Representative at 800-544-3716 if you have any questions regarding the Program Banks.

You are responsible for monitoring the total amount of your assets on deposit with a Program Bank (including amounts in other accounts at that bank held in the same right and legal capacity) in order to determine the extent of FDIC deposit insurance coverage available to you on those deposits, including your Cash Balance held at the Program Bank.

  1. HSA’s established prior to 09/17/2009 were opened with Fidelity Cash Reserves as the core position. Those customers may elect to change their core position to the FDIC-Insured Deposit Sweep at any time by contacting a Fidelity Representative. Once you elect to change to the FDIC-Insured Deposit Sweep however, you may not change back to Fidelity Cash Reserves.
  2. You may only access your Cash Balance through your Fidelity HSA. You cannot access or withdraw the Cash Balance by directly contacting the Program Bank.
  3. The Cash Balance in the FDIC-Insured Deposit Sweep is swept to an FDIC-Insured interest-bearing account at a Program Bank. The deposit at the Program Bank is not covered by SIPC. The deposit is eligible for FDIC insurance subject to FDIC insurance coverage limits. All assets of the account holder at the depository institution will generally be counted toward the aggregate limit. For more information about FDIC insurance coverage, please visit the FDIC Web site at or call 877-ASK-FDIC. As referenced in the FDIC-Insured Deposit Sweep Program Disclosures, customers are responsible for monitoring their total assets at a Program Bank to determine the extent of available FDIC insurance. All FDIC insurance coverage is in accordance with FDIC rules.
  4. This is the current Program Bank to which Fidelity will sweep your Cash Balance. Fidelity maintains the right to change the Program Bank that is assigned to your account at any time. If a change is made to the Program Bank assigned to your account, Fidelity will notify you in writing of that change through your statement or a confirmation notice. Although Fidelity cannot guarantee the financial health or stability of the Program Bank, it has made diligent efforts to select a bank that is financially sound, has a good business reputation, and is in good standing with the FDIC and other bank regulatory bodies.
  5. If the HSA Master Program Bank List contains only a single Program Bank, then the Program Bank List assigned to the account will be comprised of only a single Program Bank and that Program Bank will also be the Primary Core Bank. Please note that in this situation, it is likely that Program Deposits at the Primary Core Bank in excess of the Maximum Deposit Limit will not be covered by FDIC insurance.

* See for more details regarding FDIC insurance coverage.