Press Release: HSA Bank Named Top HSA Provider by Devenir Research
HSA Bank was recently ranked the number one Health Savings Account (HSA) provider in the United States according to Devenir's 2015 Midyear HSA Market Statistics and Trends report, which came out on August 11, 2015. Based on data from the end of June 30, 2015, HSA Bank's top ranking was attributed to the total number of accounts at 1.68 million, a total of $4.23 billion in deposits and assets under administration, and market share of 15 percent.
The key findings from Devenir's report showed that the number of HSA accounts rose to 14.5 million and that HSA assets now exceed $28 billion. Health plans continue to be the largest driver of new account growth and investments continue to grow with investors realizing an annualized return of 11.3%, on average, on their HSA investments over the past three years.
Check out the entire 2015 Devenir Midyear report.
About HSA Bank
At HSA Bank, we’re working toward a world where everyone is empowered to save for a healthy future. By providing the right tools and resources, we make it simple for our 3 million members nationwide to maximize their savings for healthcare and long-term goals. As a leader in health accounts for over two decades, we continue to innovate. Our offerings in the healthcare savings space drive down healthcare costs, increase access, and assist with decision-making for consumers, health plans, partners, and advisors. As of September 30, 2020, HSA Bank had $9.4 billion in total footings comprising $7.0 billion in deposit balances and $2.4 billion in assets under administration through linked investment accounts.