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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:  
October 21, 2024.

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, including after the account is opened (your CD rate will not change once your CD is opened)."  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

Rewards Plus Checking

$25 minimum opening balance requirement
Tier Interest Rate APY
$ 0 - $4,999 0.01% 0.01%
$5,000 - $24,999 0.01% 0.01%
$25,000 - $49,999 0.15% 0.15%
$50,000 - $99,999 0.25% 0.25%
$100,000 - $249,999 0.35% 0.35%
$250,000  + 0.45% 0.45%





Premium Plus Checking

$25 minimum opening balance requirement
Tier Interest Rate APY
$ 0 - $4,999 0.01% 0.01%
$5,000 - $24,999 0.01% 0.01%
$25,000 - $49,999 0.20% 0.20%
$50,000 - $99,999 0.30% 0.30%
$100,000 - $249,999 0.40% 0.40%
$250,000  + 0.50% 0.50%





Personal Savings

Regular / IRA / Roth IRA Savings

$25 minimum opening balance requirement
Tier Interest Rate APY
$0 - 999 0.01% 0.01%
$1,000 + 0.20% 0.20%



Personal Money Market

Personal Money Market

$25 minimum opening balance requirement
Tier Interest Rate APY
$0 - $4,999 0.01% 0.01%
$5,000 - $24,999 0.01% 0.01%
$25,000 - $49,999 0.50% 0.50%
$50,000 - $99,999 0.80% 0.80%
$100,000 - $249,999 1.00% 1.00%
$250,000 + 1.15% 1.16%



Preferred Partner Money Market

$25 minimum opening balance requirement
Tier Interest Rate APY
$ 0 - $24,999 0.01% 0.01%
$25,000 - $49,999 0.55% 0.55%
$50,000 - $99,999 0.90% 0.90%
$100,000 - $249,999 1.10% 1.11%
$250,000 - $499,999 1.35% 1.36%
$500,000  + 1.60% 1.61%



Health Savings

Health Savings Account

No minimum/opening balance requirement
Tier Interest Rate APY
$ 0 - $999 0.01% 0.01%
$1,000 - $2,499 0.01% 0.01%
$2,500 - $4,999 0.01% 0.01%
$5,000 - $9,999  0.01% 0.01%
$10,000 + 0.20% 0.20%



Certificate of Deposit *  **

Personal/Business CD Special

$1,000 minimum opening balance requirement
Term Interest Rate APY
4 months 3.93% 4.00%
11 months 3.44% 3.50%



Personal Certificate of Deposit/Personal IRA *  **

$1,000 minimum opening balance requirement
Term Interest Rate APY
3 months - 5 months 1.50% 1.51%
6 months - 11 months 2.00% 2.02%
12 months - 17 months 2.75% 2.78%
18 months - 23 months 2.75% 2.78%
24 months - 35 months 2.50% 2.53%
36 months - 47 months 2.50% 2.53%
48 months - 59 months 2.50% 2.53%
60 months - 120 months 2.75% 2.78%





Personal Easy Exit *, ** (not available for IRAs)

$1,000 minimum opening balance requirement
Term Interest Rate APY
12 months 1.00% 1.00%



 
*$1,000 minimum opening deposit per CD and up to a maximum of $250,000 collectively per household or business. Interest rates and APYs (Annual Percentage Yield) are effective as of 10/21/24 and may change daily at Macatawa Bank's discretion (your CD rate will not change after your CD is opened). A penalty may be imposed for early withdrawal of principal for Certificates of Deposit. Minimum daily balance of $0.01 required to obtain APY.
**Single withdrawal of entire balance allowed without penalty after the first 6 days of funding your CD. Easy Exit CDs will be assessed 7 days interest penalty if withdrawn within the first 6 days of opening.

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