Research

We published our latest analysis of how health savings accounts are faring among credit unions, finding at the end of 2019 credit unions held about $1.76 billion in HSA deposits.

HSA investments have grown rapidly in recent years, reaching 24% of total assets and over 1.2 million (4%) accounts as of 12/31/2019. The average investment balance for investment account holders has grown to $12,695 in 2019, from roughly $5,000 in 2011. When it comes to investing, HSA account holders generally have the option to choose from a list of pre-selected mutual funds, however, some HSAs allow for investment in a linked self-directed brokerage (SDB) option (allowing investment in individual securities).

Devenir’s quarterly credit union HSA update finds over $1.76 billion in HSA deposits were held in credit unions as of 12/31/2019.

Findings from the 2019 Year-End Devenir HSA Research Report containing health savings account (HSA) market statistics as of December 31^st, 2019.

Devenir, a national leader in providing investment solutions for health savings accounts (HSAs), released today the results of its 19th semi-annual health savings account survey and resulting research report. Devenir found that the number of HSAs has grown to now exceed 28 million, holding an estimated $65.9 billion in assets at the end of 2019.