Doctor listening to young girl's heart beat

Health Savings Account

A smart way to save for healthcare expenses. 

Manage your healthcare expenses and savings quickly, easily.

A Health Savings Account (HSA) is a medical savings account that offers tax advantages4 and is available to U.S. taxpayers who are enrolled in a high-deductible health plan (HDHP). Funds deposited to an HSA are made as pre-tax contributions. An HSA is different from a Flexible Spending Account because the funds roll over and accumulate year-after-year and are available for future medical expenses.


At Macatawa Bank, we offer convenient ways of paying for your qualified medical expenses: HSA MasterCard® Debit Card, checks or within Online Banking. Plus, account holders pay no monthly fees and have no minimum balance requirements.

Premium Interest Rates

We offer competitive tiered interest rates on our HSAs, allowing you to earn more as you save more.

Long-Term Management of your HSA Account

As your account grows in value, Macatawa Bank offers an optional HSA Investment Sweep3 dedicated to maximize the performance of your account.

Interested in talking to a Health Savings Account professional today?  Just complete the form below and we will be in touch.  

Health Savings - Individual and Family

  • Product Designed for Individuals or Families
  • Earns Tiered Interest
  • No Opening Balance Requirement
  • No Minimum Balance
  • No Monthly Service Charge
  • HSA MasterCard® Debit Card Available
  • Unlimited Check Writing
  • Check Orders (cost varies)
  • Free eStatements1
  • Free Online Banking
  • Free Bill Pay
  • Free Mobile Banking2
  • Free Mobile Deposit2
  • Free MACLine Telephone Banking2
  • Investment Sweep Option3 (see HSA Investment Sweep below)

Account Package Perks are subject to change.

1Requires an active Macatawa Bank Online Banking relationship.
2Data charges from mobile carrier may apply.
3Your HSA is insured by the FDIC; however, funds in your HSA Investment Account are:   Not FDIC insured. Not guaranteed by the Bank. Not a deposit. Not insured by any Federal Government Agency and may lose value. Investment of your contributions is self-directed from a pre-selected menu of mutual fund.
4Consult your tax advisor.
Health Savings Account Investment Sweep

HSA Investment Sweep

Maximize your savings for future health care costs.. 

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.
  • 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).
  • The default HSA Investment sweep threshold is $2,500. 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.
  • 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), however you need to contact Retirement Plan Services at 616-494-1602 or to get your sweep reinstated.
  • The sweep to/from the investment account can be temporarily suspended in the event that funds are needed to cover a medical expense.
  • 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 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.

Health Savings FAQs

What is a Health Savings Account (HSA)?

HSAs are the latest news in affordable healthcare for small businesses and self-employed individuals. They provide a way to put money in a special account owned by an individual to pay for current and future medical expenses. HSAs must be used in conjunction with a High Deductible Health Plan (HDHP).

What is a High Deductible Health Plan (HDHP)?

A HDHP is a health insurance plan with lower premiums and higher deductibles than a traditional plan.  You need to verify with your insurance provider and/or with your employer as to whether or not your insurance plan qualifies you to contribute to an HSA. Plans with co-pays are not usually eligible.

How do HSAs Provide Such Affordable Healthcare?

Annual contributions reduce taxable income, allowing qualified medical expenses to be tax-free*. Money saved in an HSA grows tax-deferred until age 65. After age 65, the funds can continue to be withdrawn tax-free* for medical care expenses. Non-medical withdrawals are permitted at this point as well; however, your current tax rate applies to funds used for non-medical purposes at the time you withdraw the money.


Why Macatawa Bank for Your Health Savings Account?

Outstanding Features: Macatawa Bank does not charge a setup fee for your Health Savings Account. There is no minimum balance requirement and no monthly maintenance fee.

Competitive Interest Rates: We offer the benefit of tiered interest rates, allowing you to earn more as you save more. This helps you make the most of your healthcare dollars.

Convenience: At Macatawa Bank, you can access your account to view your transactions and balances at your convenience by logging on to your Macatawa Bank Online Banking at the top of the page or by calling our toll-free automated MAC line system at (877) 622-5700.

We also offer three convenient ways to pay for your qualified medical expenses.

  1. Present your Macatawa Bank HSA MasterCard® Debit Card for payment of services to any healthcare provider who accepts MasterCard®. The cost of your healthcare services will automatically be deducted from your HSA.
  2. Access cash from your account by using your HSA MasterCard® Debit Card at any Macatawa Bank ATM.
  3. Write checks from your HSA. Checks are available for a nominal fee.

Peace-of-Mind: Macatawa Bank is an insured financial institution through the Federal Deposit Insurance Corporation (FDIC), so the money in your Macatawa Bank HSA is protected.

Customer Service: Macatawa Bank is one of the premier banks in West Michigan, with convenient branch locations in Ottawa, Northern Allegan, and Kent counties. Our staff of trained professionals can answer questions you may have on your HSA. In addition, our Customer Service Center has associates available toll-free at (877) 820-2265 to answer any questions.

Long–Term Management Options: As your account grows in value, Macatawa Bank has other financial options to help you maximize the performance of your account.


How to Apply

Apply online in 10 minutes or less or stop by any Macatawa Bank branch and a representative will assist you with your application and process your deposit. You can also call toll-free at (877) 820-2265 for more information.

*Consult your tax advisor. 

Let's talk

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.

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