Mercantile Bank


Whether you are an employer seeking the best possible healthcare coverage package for your employees, or an employee desiring the tax advantages and additional safety net provided by a Health Savings Account (HSA), Mercantile Bank offers the right solution with the right benefits.

HSA Program Features

FDIC or NCUA Insured:
Min Balance to Open:
  • Debit Card
  • Checks
  • Online Banking
  • Investment Options

HSA Interest Rates

Interest rates for various balance tiers
$0.01 - $4,999.99 0.05% APY
$5,000.00 - $14,999.99 0.10% APY
$15,000.00+ 0.15% APY
Last checked on: 08-18-2023. Rates may not be current, please check the provider's website for the latest rates.


Monthly Maintenance Fee $5.00*
Account Opening Fee Unknown
Account Closing Fee $25.00**

* If you do not enroll in electronic statements

HSA Investment Options

Mutual Fund Platform: check_box   Self-Directed Brokerage: close   CDs: check_box   Other: close

Mutual Fund Details

Investment Threshold: $2,500
Investment Fee: $4.25 / Month

Through a strategic partnership with Devenir, the national leader in HSA investment options, Mercantile Bank is offering its HSA account holders the option of investing in several "best in class" mutual funds. The funds cover a variety of nationally recognized fund families and asset classes and are self-managed by the HSA accountholder.

CDs Details

An HSA account with higher investment earning potential over time.

At a Glance

An account that offers higher investment earnings potential over time.

Best for

Long-term savings needs for those seeking higher rates of return with less need for liquidity.

  • Flexible maturities range from one to 60 months
  • 24-hour account access with Internet Banking
  • Customers must have a Mercantile Health Savings Account with at least a $2,500 balance to qualify
  • Balance in the HSA Certificate of Deposit is combined with the balance in the HSA Checking Account to meet the HSA minimum balance requirement
Opening Deposit



Interest is paid to the certificate quarterly.

Contact Information

General Information


Customer Service

Mailing Address HSA Support
PO Box 2208
Grand Rapids, MI 49501
Phone Number 888.345.6296 ext. 3700
Email Address [email protected]