As HSAs continue to grow in popularity and the number of accounts steadily increases, financial institutions are starting to realize the full value of these accounts. However, as the HSA market becomes more competitive, providers must find new ways to differentiate themselves and provide value to their account holders. One way that institutions can help account holders take full advantage of their HSAs is to offer investments.
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our June 2021 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our May 2021 edition!
We published our latest analysis of how health savings accounts are faring among credit unions, finding at the end of 2020 credit unions held about $1.97 billion in HSA deposits.
HSA investments have grown rapidly in recent years, as more account holders invest and existing investors grow their balances. At the end of 2020 nearly $24 billion dollars were invested, accounting for roughly 29% of total HSA assets (up from 24% at the end of 2019).
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our April 2021 edition!
On February 23rd and 24th, Federal Reserve Chairman Jerome Powell testified before Congress that the Federal Reserve does not plan to change their current monetary policy in the near term. Since the onset of the pandemic, consumers have seen the effect of these decisions on their bank deposits. The average deposit rate, for an account holder with $1,000 in their health savings account (HSA) has dropped 10bps since 2019.
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our March 2021 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our February 2021 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our January 2021 edition!
One interesting HSA datapoint that our team has been tracking is the behavior of accountholders who are associated with an employer group versus accountholders who are not. Over the last three years, employer associated HSAs have seen the highest average contributions.
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our December 2020 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our November 2020 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our October 2020 edition!
The HSA marketplace consists of providers from a variety of backgrounds from health plans, banks & credit unions, to technology providers. In addition to the wide range of business models, HSA providers come in many sizes as well.
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our September 2020 edition!
Devenir, as part of our continued monitoring of the health savings account (HSA) marketplace, has been tracking HSA deposit rates. Since our last update, average deposit rates for the top 20 HSA providers in the marketplace have remained fairly steady with only a slight decline for both the one-thousand and ten-thousand dollar balance levels.
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our August 2020 edition!
Each month Devenir highlights a selection of articles, posts and press releases to keep you in the loop of the latest trends and developments in the HSA marketplace. Check out our July 2020 edition!
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