Mercantile Bank - HSA Search

HSA Program Features

FDIC or NCUA Insured:

Min Balance to Open:

$0.00

Features:

Debit Card
Checks
Online Banking
Investment Options

HSA Interest Rates

Interest rates for various balance tiers
$0.01 - $4,999.99	0.05% APY
$5,000.00 - $14,999.99	0.10% APY
$15,000.00+	0.15% APY

Last checked on: 05-10-2023. Rates may not be current, please check the provider's website for the latest rates.

Fees

Monthly Maintenance Fee	$5.00*
Account Opening Fee	Unknown
Account Closing Fee	$25.00**

* If you do not enroll in electronic statements

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

HSA Investment Options

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

Mutual Fund Details

Investment Threshold: $2,500
Investment Fee: $4.25 / Month

Through a strategic partnership with Devenir, the national leader in HSA investment options, Mercantile Bank is offering its HSA account holders the option of investing in several "best in class" mutual funds. The funds cover a variety of nationally recognized fund families and asset classes and are self-managed by the HSA accountholder.

Mercantile Bank's Standard Mutual Fund Options

Mutual Fund Name	Ticker	Asset Class
American Funds Washington Mutual	RWMGX	Large Blend
Hotchkis & Wiley Value Opps	HWAAX	Allocation--85%+ Equity
American Funds Growth Fund of Amer	RGAGX	Large Growth
Jackson Square SMID-Cap Growth	DCGTX	Mid-Cap Growth
Parnassus Mid-Cap	PFPMX	Mid-Cap Blend
Vanguard Mid Cap Index	VIMAX	Mid-Cap Blend
Vanguard Mid-Cap Value Index	VMVAX	Mid-Cap Value
American Funds Capital World Gr&Inc	RWIGX	World Large Stock
Vanguard 500 Index	VFIAX	Large Blend
Vanguard Small Cap Value Index	VSIAX	Small Value
Vanguard Small Cap Index	VSMAX	Small Blend
Western Asset Core Plus Bond	WACIX	Intermediate Core-Plus Bond
Vanguard Short-Term Corp Bd Idx	VSCSX	Short-Term Bond
PIMCO International Bond (USD-Hdg)	PFORX	World Bond
Ivy High Income	IVHIX	High Yield Bond
Neuberger Berman Real Estate	NBRIX	Real Estate
Vanguard LifeStrategy Cnsrv Gr	VSCGX	Allocation--30% to 50% Equity
Vanguard LifeStrategy Growth	VASGX	Allocation--70% to 85% Equity
Vanguard LifeStrategy Income	VASIX	Allocation--15% to 30% Equity
Vanguard LifeStrategy Moderate Gr	VSMGX	Allocation--50% to 70% Equity
Vanguard Federal Money Market	VMFXX	Money Market - Taxable

CDs Details

An HSA account with higher investment earning potential over time.

At a Glance

An account that offers higher investment earnings potential over time.

Best for

Long-term savings needs for those seeking higher rates of return with less need for liquidity.

Features

Flexible maturities range from one to 60 months
24-hour account access with Internet Banking
Customers must have a Mercantile Health Savings Account with at least a $2,500 balance to qualify
Balance in the HSA Certificate of Deposit is combined with the balance in the HSA Checking Account to meet the HSA minimum balance requirement

Opening Deposit

$500

Interest

Interest is paid to the certificate quarterly.

Contact Information

General Information

Website	Mercantile Bank's HSA Website

Customer Service

Mailing Address	HSA Support PO Box 2208 Grand Rapids, MI 49501
Phone Number	888.345.6296 ext. 3700
Email Address	[email protected]

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