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.
|$0.01 - $4,999.99||0.05% APY|
|$5,000.00 - $14,999.99||0.10% APY|
|$15,000.00 and over||0.20% APY|
|Monthly Maintenance Fee||$0.00*|
|Account Opening Fee||Unknown|
|Account Closing Fee||$25.00**|
* $5 per month fee if you do not enroll in electronic statements
Through a strategic partnership with Devenir, the national leader in HSA investment options, Mercantile Bank of Michigan 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.
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.Features
Interest is paid to the certificate quarterly.