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Health Savings Account
(HSA) Investment Sweep

The HSA Investment Sweep* is designed to offer additional investment options for pre-tax contributions** made to your HSA by offering Vanguard Investment Fund options.



Apply Now To Open A Personal Heath Savings Account Investment Sweep

The Health Savings Account (HSA) Investment Sweep* is designed to offer additional investment options for pre-tax contributions** made to your HSA by offering Vanguard Investment Fund options.

Investment fund options:

Vanguard is one of the world’s largest investment management companies, serving individual investors, institutions, employer-sponsored retirement plans, and financial professionals. Should you choose the HSA Investment Sweep, you will have the opportunity to select from a variety of Vanguard Funds.

How it works:

  • Open a Macatawa Bank HSA online.
  • Enroll in the optional HSA Investment Sweep online.
  • Investment of your contributions is self-directed from a pre-selected menu of investment funds options.
  • Utilize the five Model Investment Portfolios that we've created to help you diversify your investments and meet your objectives without having to be an investment professional.
  • Your contributions will continue to be deposited directly to your HSA.  Your HSA will be linked by the Bank to your selected investment fund(s).
  • When the available balance of your HSA exceeds $2,500, excess funds will automatically be swept in increments of $100 to your selected investment fund(s).
  • If the available balance of your HSA falls below $2,500, any available funds will automatically be swept in increments of $100 from your investment funds(s) back to your HSA.
  • You will receive two account statements, a monthly HSA statement and a quarterly HSA Investment Sweep statement.
  • Your HSA Investment Sweep can be viewed online where you have ready access to the following information:
  • Account balances
  • Conform to target
  • Investment elections
  • Investment profiles
  • Investment returns
  • Rate of return
  • Rebalance of portfolio
  • Transfer funds
  • Transaction history
  • Web requests

Have more questions?

We are happy to help.  Give us a call at (877) 820-2265, email us at HSA@macatawabank.com or stop by any of our convenient locations.

 

*Your HSA is insured by the FDIC; however, funds in your HSA Investment Sweep:  are not FDIC insured, are not guaranteed by the Bank, are not a deposit and are not insured by any Federal Government Agency and may lose value.
**Please consult your tax advisor.

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