Does Charles Schwab Have An HSA?

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Does Charles Schwab offer a standalone HSA?

This question is about health savings accounts.

No. Charles Schwab does not offer a health savings account you can open on your own. You can open a taxable brokerage account, a Roth IRA, or a 529 at Schwab, but there is no consumer HSA product to sign up for.

What Schwab actually offers is the Health Savings Brokerage Account (HSBA) — a self-directed brokerage window that lives inside an HSA held at a different custodian. Schwab manages the investments while another company holds the account, processes contributions, and issues the debit card.

Why It Matters

Searchers looking for "Schwab HSA" are usually trying to solve a real problem: they want their HSA money invested at the same place they're parking the rest of their investments.

That matters because 2026 lets you put $4,400 into a self-only HSA and $8,750 into a family HSA, plus $1,000 more if you're 55 or older. Invested over 20 years, that difference is the whole reason people treat an HSA as a stealth retirement account rather than a spending account.

Why It Matters

You can't open it directly. Your HSA administrator has to offer the brokerage window, then you enroll through them. Schwab's advisor and employer channels drive most of the distribution, which is why it stays invisible to retail searchers comparing where to open an HSA.Lively is the main consumer on-ramp. Its Schwab HSBA option costs $24 a year, waived if you keep $3,000 in cash. College Investor readers can permanently have the $24/year waived if they sign up through our link >>Not every custodian uses Schwab. HSA Bank runs its investing tiers through DriveWealth, not Schwab.Schwab charges no HSBA fee itself — your custodian's maintenance fee and standard trading costs still apply.

How This Connects

If the goal is investing HSA dollars cheaply, the custodian matters more than the brokerage name behind it. Fidelity offers a standalone retail HSA with no monthly fee and no minimum, which is the closest thing to the "open it myself at a big brokerage" experience people expect from Schwab.

Our best HSA providers list ranks Fidelity, Lively, HSA Bank, and Optum Bank on fees, investment access, and minimums — that comparison is the right starting point, not a search for a Schwab product that doesn't exist.