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HSA Investment Sweep
HSA Investment Sweep
Maximize your savings for future health care costs with a variety of Vanguard investment fund options.
Maximize your savings for future health care costs with a variety of Vanguard investment fund options.
Do More With Your
Health Care Funds
Do More With Your
Health Care Funds
The HSA Investment Sweep1 is designed to offer additional investment options for pre-tax contributions2 made to your Health Savings Account (HSA) by offering Vanguard 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
How It Works
Contact your local banker to discuss the process for the optional HSA Sweep.
Should all the funds in the investment piece be needed to cover a medical expense, the account will remain open (even if at a $0 balance).
You will receive two account statements: a monthly HSA3 statement and a quarterly HSA Investment Sweep1 statement.
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 HSA.3
Contact your local banker to discuss the process for the optional HSA Sweep.
Choose from a pre-selected menu of investment fund options where you would like to invest your HSA contributions. You can utilize the model investment portfolios we've created to help you diversify your investments and meet your objectives.
Should all the funds in the investment piece be needed to cover a medical expense, the account will remain open (even if at a $0 balance).
Your contributions will continue to be deposited directly to your HSA3, which the bank will link to your selected investment fund(s).
You will receive two account statements: a monthly HSA3 statement and a quarterly HSA Investment Sweep1 statement.
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 HSA.3
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
Choose from a pre-selected menu of investment fund options where you would like to invest your HSA contributions. You can utilize the model investment portfolios we've created to help you diversify your investments and meet your objectives.
Your contributions will continue to be deposited directly to your HSA3, which the bank will link 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).
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
- Your HSA is insured by the FDIC; however, funds in your HSA Investment Sweep are not insured by the FDIC, are not a bank deposit, are not bank obligation, or are not guaranteed by the bank. May involve investment risk, including loss of principal. Annual statement and asset-based fees apply.
- Please consult your tax advisor.
- The Macatawa Bank Health Savings Account is insured by the FDIC.
Investment products such as stocks, bonds, and mutual funds are:
NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE | NOT A DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
