Macatawa Bank
Quick Summary
- HSA savings account
The Verdict
Macatawa Bank provides essential HSA features with zero monthly maintenance fees and mutual fund investing, earning a 0/5.0 rating from HSA Orbit.
We know West Michigan because it’s the only place we do business. Macatawa Bank was born in 1997 by a group of local business leaders who had a vision of what a true community bank could be. Today, we remain true to our roots, the communities we serve, and our commitment to staying local. We have nearly 400 employees that live and work in this community, giving you access to immediate and responsible decisions to keep you moving ahead toward your financial goals.
Macatawa Bank offers a full range of banking services, retail and commercial lending, wealth management, treasury management, private banking and eBanking services. Whether you prefer mobile or in person banking, we are here for you. Our 26 full-service branches are conveniently located throughout Kent, Ottawa and northern Allegan counties.
Key Features
Banking & Access
Includes debit card, online banking and check-writing.
Investment Options
Offers mutual fund investing.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
No minimum balance to open. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance | $0.00 | $0.69 | EXCELLENT |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Mutual Fund Investing
Access mutual fund investments through your HSA with Macatawa Bank.
- Minimum Threshold$2,500
- Fees0.25% 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)
Interest Rates
Interest rates are not currently available for this provider.
Contact Information
Address
10753 Macatawa Drive Holland, MI 49424 Customer Service Mailing Address Macatawa Bank PO Box 3119 Holland, MI 49422-3119
Customer Service
877-820-2265
10753 Macatawa Drive Holland, MI 49424 Customer Service Mailing Address Macatawa Bank PO Box 3119 Holland, MI 49422-3119
At a Glance
Pros & Cons
The Good
- •No monthly maintenance fees
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
The Bad
- •$2,500 minimum to invest
- •Interest rates not published
User Sentiment
Based on community feedback
Sentiment data coming soon
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