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  2. Macatawa Bank

Macatawa Bank


Overview / Commentary
www.macatawabank.com
616-820-1444
10753 Macatawa Drive
Holland, MI 49424

Macatawa Bank is headquartered in Holland and is the 7th largest bank in the state of Michigan. It is also the 407th largest bank in the nation. It was established in 1997 and as of June of 2022, it had grown to 316 employees at 29 locations. Macatawa Bank's money market rates are 4X the national average, and it has a B+ health rating.

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Reviews (1)

Past Customer

Posted by: |

This bank closed our account without warning or notice for connecting a Square to it. They just sent us a handwritten check for the substantial balance of the 15 year old account in the mail. Horrible place, horrible people

1


Health
B+

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #34618
Year Established1997
Employees316
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD10.77%
Annual Interest Income$28.6MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.78B$2.94B
LoansQ2 2022vs Q2 2021$1.10B$1.23B
DepositsQ2 2022vs Q2 2021$2.50B$2.61B
Equity CapitalQ2 2022vs Q2 2021$235.2MM$240.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$14.6MM$16.8MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$90.00K$433.00K
Real Estate OwnedQ2 2022vs Q2 2021$2.3MM$2.3MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Macatawa Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Macatawa Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$10k*-Health Savings Account
OTHER TIERS: 0.01% → Up to $10k
0.10%*$1k*-Regular Savings
OTHER TIERS: 0.01% → Up to $1k
0.10%*$1k*-IRA Savings
OTHER TIERS: 0.01% → Up to $1k

Macatawa Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.56%*$500k*-Preferred Partner Money Market
OTHER TIERS: 0.01% → Up to $25k | 0.50% → $25k - $50k | 0.70% → $50k - $100k | 1.00% → $100k - $250k | 1.31% → $250k - $500k
1.00%*$250k*-Personal Money Market
OTHER TIERS: 0.01% → Up to $25k | 0.45% → $25k - $50k | 0.65% → $50k - $100k | 0.85% → $100k - $250k

Macatawa Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$250k*-Rewards Plus Checking
OTHER TIERS: 0.01% → Up to $25k | 0.15% → $25k - $50k | 0.25% → $50k - $100k | 0.30% → $100k - $250k

Macatawa Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$1k-13 Month CD Special
4.25%$1k-Business 13 Month CD Special
3.75%$1k$100k7 Month CD Special
3.75%$1k-Business 7 Month CD Special
2.78%$1k-12-17 Month CD
2.78%$1k-18-23 Month CD
2.78%$1k-60-120 Month CD
2.53%$1k-24-35 Month CD
2.53%$1k-36-47 Month CD
2.53%$1k-48-59 Month CD
2.02%$1k-6-11 Month CD
1.51%$1k-3-5 Month CD
0.90%$1k-12 Month Personal Easy Exit CD

Macatawa Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.78%$1k-12-17 Month IRA
2.78%$1k-18-23 Month IRA
2.78%$1k-60-120 Month IRA
2.53%$1k-24-35 Month IRA
2.53%$1k-36-47 Month IRA
2.53%$1k-48-59 Month IRA
2.02%$1k-6-11 Month IRA
1.51%$1k-3-5 Month IRA
Locations

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