Macatawa Bank

HSA Program Features

FDIC or NCUA Insured:
check
Min Balance to Open:
$0.00
Features:
  • Debit Card
  • Checks
  • Online Banking
  • Investment Options

HSA Interest Rates

Interest rates for various balance tiers
$0.00+ 0.01% APY
Last checked on: 04-11-2022. Rates may not be current, please check the provider's website for the latest rates.

Fees


Monthly Maintenance Fee $0.00
Account Opening Fee $0.00
Account Closing Fee Unknown

Fees may not be current, please check the provider's website for the latest fee information.

HSA Investment Options

Mutual Fund Platform: check_box   Self-Directed Brokerage: close   CDs: close   Other: close

Mutual Fund Details

Investment Threshold: $2,500
Investment Fee: 0.25% annual fee, charged monthly, based on the market value of your invested funds ($2.50 annually for each $1,000 invested) and a $10.00 per quarter fee ($40 annual fee).
Investment Sweep Function:

1. Your HSA contributions will continue to be deposited directly into your HSA Checking Account. Your HSA will be linked via an HSA Investment Sweep to your selected investment fund(s).

2. When the available balance in your HSA Checking Account exceeds $2,500, excess funds will automatically be swept in increments of $100 each Business Day to the investment funds(s) you have selected.

3. When the available balance in your HSA Checking Account falls below $2,500, any available funds will automatically be swept in increments of $100 each Business Day from your investment fund(s) to your HSA. Should proceeds be required from your HSA Investment Sweep, your investment funds(s) will be liquidated on a pro-rata basis

Contact Information

General Information

Website
Address 10753 Macatawa Drive
Holland, MI 49424

Customer Service

Mailing Address Macatawa Bank
PO Box 3119
Holland, MI 49422-3119
Phone Number 877-820-2265
Email Address [email protected]