Devenir News & Insights

Our May 2024 HSA newsletter highlighting articles, posts and press releases to help keep you in the loop of the latest in the HSA market.

More informed account holders are better positioned to make the decisions necessary to achieve their financial goals. Devenir is committed to providing industry leading HSA tools and education to guide account holders through their healthcare saving journey. As part of that mission, our team is excited to announce the release of our new HSA Balance Projection Calculator!

In its fifth consecutive meeting, the Federal Reserve has maintained the federal funds rate between 5.25% and 5.50% for the first quarter of 2024, signaling that the rate may have peaked this cycle. Projections from the Fed’s March FOMC meeting suggest a possibility of 75 basis points reduction in 2024, contingent on economic data aligning with their 2% inflation target. Concurrently, HSA deposit rates have increased slightly since 2021, with average rates at 0.43% for a $1,000 balance and 0.54% for a $10,000 balance as of March 31st, 2024, indicating a gradual upward trend influenced by tiered rate schedules.

Our April 2024 HSA newsletter highlighting articles, posts and press releases to help keep you in the loop of the latest in the HSA market.

Devenir released the results of its 27th semi-annual Health Savings Account (HSA) survey and resulting research report. Devenir found that there is about $123 billion saved in over 37 million HSAs at the end of 2023.