MACATAWA BANK is now A WINTRUST COMMUNITY BANK. Click here for more information.
smiling woman in suit showing tablet device to male doctor

HSA Investment Sweep

Maximize your savings for future health care costs.

The HSA Investment Sweep1 is designed to offer additional investment options for pre-tax contributions2 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 Sweep1, you will have the opportunity to select from a variety of Vanguard Funds.

How it works:

  • Open a Macatawa Bank Health Savings Account 3 (HSA) online if you don't already have one.
  • Start the enrollment process for the optional Health Savings Account (HSA) Investment Sweep 1 by calling (877) 820-2265, submitting the form below or select the orange chat icon located on the lower right side of the page. 
  • Investment of your contributions is self-directed from a pre-selected menu of investment fund options.
  • Utilize the seven 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 HSA3  Your HSA3   will be linked by the Bank to your selected investment fund(s).
  • When the available balance of your HSA3  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 HSA3  falls below $2,500, any available funds will automatically be swept in increments of $100 from your investment funds(s) back to your HSA3.
  • Should all the funds in the investment piece be needed to cover a medical expense, the investment account will remain open (even if at $0 balance).
  • You will receive two account statements, a monthly HSA 3 statement and a quarterly HSA Investment Sweep1 statement
  • Your HSA Investment Sweep1 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


Ready to get started?

Whether you are ready to set your account up or have questions, start by calling us, filling out the form below, or using the chat button at the bottom of the page to get in touch.


Contact us

(877) 820-2265


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 branch locations.

 

1Your HSA is insured by the FDIC; however, funds in your HSA Investment Sweep are: Not insured by the FDIC. Not a bank deposit, bank obligation, or guaranteed by the bank. May involve investment risk, including loss of principal.

Annual statement and asset based fee apply. 

 


2 Please consult your tax advisor.
3 The Macatawa Bank Health Savings Account is insured by the FDIC. 

We're happy to help.

Looking for answers? Need some sound advice? Want to talk over your financial options? Fill out the form below and we'll be in touch.
* = Required field.


Preferred form of contact*

Recaptcha*