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Rates

Here you will be able to learn more about our Personal Depository Rates.

The following Personal Depository account rates are effective as of:  
May 18, 2018.

Things you need to know:   Interest rates and APYs (Annual Percentage Yield) are applicable as of the effective date and may change daily at Macatawa Bank's discretion.  Fees could reduce earnings on the accounts.  Businesses (including DBAs), Non-Profits, Public Funds or other non-personal entities are not eligible for Personal CD products.  A penalty may be imposed for early withdrawal of principal for Certificates of Deposit. 

  

Personal Checking

Interest Rewards Checking

$25 minimum opening balance requirement

Tier Interest Rate APY
$ 0 - $4,999 0.10% 0.10%
$5,000 - $24,999 0.15% 0.15%
$25,000 - $49,999 0.15% 0.15%
$50,000 - $99,999 0.15% 0.15%
$100,000 - $249,999 0.15% 0.15%
$250,000  + 0.20% 0.20%





Personal Savings

Regular / IRA / ROTH IRA Savings

$25 minimum opening balance requirement

Tier Interest Rate APY
$0 - 999 0.10% 0.10%
$1,000 + 0.15% 0.15%



Personal Money Market

Personal Money Market

$25 minimum opening balance requirement

Tier Interest Rate APY
$0 - $4,999 0.15% 0.15%
$5,000 - $24,999 0.15% 0.15%
$25,000 - $49,999 0.20% 0.20%
$50,000 - $99,000 0.30% 0.30%
$100,000 - $249,999 0.45% 0.45%
$250,000 + 0.45% 0.45%



Preferred Partner Money Market

$25 minimum opening balance requirement

Tier Interest Rate APY
$ 0 - $9,999 0.20% 0.20%
$10,000 - $24,999 0.20% 0.20%
$25,000 - $49,999 0.25% 0.25%
$50,000 - $99,999 0.35% 0.35%
$100,000 - $249,999 0.50% 0.50%
$250,000  + 0.50% 0.50%



Health Savings

Health Savings Account

No minimum/opening balance requirement

Tier Interest Rate APY
$ 0 - $999 0.05% 0.05%
$1,000 - $2,499 0.10% 0.10%
$2,500 - $4,999 0.25% 0.25%
$5,000 - $9,999  0.40% 0.40%
$10,000 + 0.50% 0.50%



Certificate of Deposit

Personal / Personal IRA Certificate of Deposit

$1,000 minimum opening balance requirement

Term Interest Rate APY
3 months - 5 months 0.10% 0.10%
6 months - 11 months 0.25% 0.25%
12 months - 17 months 0.40% 0.40%
18 months - 23 months 0.55% 0.55%
24 months - 35 months 0.75% 0.75%
36 months - 47 months 0.90% 0.90%
48 months - 59 months 1.19% 1.20%
60 months - 120 months 1.49% 1.50%





Personal Easy Exit (not available for IRAs)

$1,000 minimum opening balance requirement

Term Interest Rate APY
12 months 0.35% 0.35%



Promotional Certificate of Deposit (Personal & IRAs)

$1,000 minimum opening deposit per CD and up to a maximum of $100,000 collectively per household

Term Interest Rate  APY
17 months 2.18% 2.20%
29 months 2.32% 2.34%
37 months 2.38% 2.41%




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