Bank Michigan
Quick Summary
- HSA savings account
The Verdict
Bank Michigan provides essential HSA features with a monthly fee of $1.25 and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
Bank Michigan originated in 1907 in Onsted, MI. We have since evolved from a one town, one location Bank to three locations, with our Founding Lenawee County office in Onsted, one location in Brooklyn, one in Ann Arbor, servicing customers primarily in these market areas.
We are a Community Bank with a team who take the word “Community” very serious. Our staff and directors live in the communities we serve and are locally-minded and involved. We realize that banking is more than processing a deposit or making a loan. It is volunteering time to various community organizations and committees, donating much needed resources to community programs, as well as being consultative partners to our clients.
Bank Michigan is truly “more than a bank” and we believe that investments made in our community today will lead to a stronger tomorrow and a better place that we can all be proud to call home.
Key Features
Banking & Access
Includes debit card, online banking and check-writing.
Investment Options
This provider focuses on cash savings without investment options.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
Requires $50 minimum balance. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $1.25 | $0.69 | ABOVE AVG |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $100.00 | $1.95 | ABOVE AVG |
* Account Opening Fee
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
Bank Michigan currently offers a savings-focused HSA without investment options. Your funds earn interest in a cash account.
Interest Rates
Interest rates are not currently available for this provider.
Contact Information
Address
417 S. Main St. Brooklyn, Michigan 49230 Customer Service Mailing Address Bank Michigan P.O. Box 738 Brooklyn, MI 49230
Customer Service
800-466-2990
417 S. Main St. Brooklyn, Michigan 49230 Customer Service Mailing Address Bank Michigan P.O. Box 738 Brooklyn, MI 49230
At a Glance
Pros & Cons
The Good
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $1.25
- •No investment options available
- •Interest rates not published
User Sentiment
Based on community feedback
Sentiment data coming soon
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