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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.

Let's talk

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