Devenir News & Insights

HSA Deposit Rate Update – December 2023

January 8, 2024 Research
The rapid rise in the federal funds rate over the course of 2022 and 2023 has resulted in continued increases in the average rate paid on HSA deposit balances. As of December 31st, 2023, HSA providers are paying an average rate of 0.42% at the $1,000 balance threshold, an increase of 8 basis points from September 2023.
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