HSA deposit rates remained steady across balance tiers in the second quarter of 2026. The $1,000 balance tier remained at 0.45%, the $10,000 tier at 0.55%, and the $25,000 tier at 0.60%. The $1,000 tier was unchanged for the first time since March 2025. Rates at the $10,000 and $25,000 tiers have remained unchanged since September 2025. Overall, rates remain broadly in step with the Fed.

The Fed left its target range unchanged through the first half of 2026. At the end of the second quarter, the Effective Federal Funds Rate (EFFR) sat at 3.63%1, which is still lower than the long-term average of 4.60%2. Even so, the rate remained above where it stood before the Fed’s most recent rate-hiking cycle. Earlier in the year, the outlook called for the Fed to make additional rate cuts in 2026, following cuts in each of the two previous years. However, due to recent elevated inflation data, CME FedWatch3 showed markets largely expecting the Fed to hold rates steady or possibly even move rates higher. If this happens, we could see HSA deposit rates follow a similar path.

HSA providers continue to monitor their deposit rates for several reasons, including attracting new account holders, staying competitive for existing account holders, managing fluctuations in funding costs, and responding to changes in federal policy. For employers and account holders, this means monitoring rate updates more closely, particularly as economic conditions remain fluid.

Note: The above reflects Devenir’s summary of publicly available data. We encourage readers to confirm specific rates with individual HSA providers, as offerings can differ significantly and change without notice.

References

  1. Federal Reserve Bank of New York, Effective Federal Funds Rate [EFFR], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/EFFR, July 1, 2026
  2. YCharts, July 1, 2026, Effective Federal Funds Rate (I:EFFRND), YCharts, https://ycharts.com/indicators/effective_federal_funds_rate
  3. CME Group, July 13, 2026, FedWatch Tool, CME Group, https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html