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Macatawa Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/23/2025
4.54%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/23/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/23/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/23/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/23/2025
4.39%
Our Rating
3.6  / 5
Valley National Bank
High-Yield Savings Account Via Raisin
See Offer
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/23/2025
4.25%
Our Rating
3.7  / 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
See Offer
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.macatawabank.com
616-820-1444
10753 Macatawa Drive
Holland, MI 49424

Macatawa Bank is headquartered in HOLLAND and is the 5th largest bank in the state of Michigan. It is also the 379th largest bank in the nation. It was established in 1997 and as of December of 2024, it had grown to 262 employees at 29 locations. Macatawa Bank's money market rates are 4X the national average, and it boasts an A+ health rating.

Reviews (2)

Love This Place

Posted by: |

I can't say enough good things about this bank. Every time i go into my branch (not very often), they know me by name. They are so friendly and always very helpful. I will be a customer for life!

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
A+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #34618
Year Established1997
Employees262
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD4.35%
Annual Interest Income$73.6MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$3.28B$2.75B
LoansQ4 2024vs Q4 2023$1.65B$1.32B
DepositsQ4 2024vs Q4 2023$2.74B$2.42B
Equity CapitalQ4 2024vs Q4 2023$513.9MM$278MM
Loan Loss AllowanceQ4 2024vs Q4 2023$17MM$17.4MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$1.1MM$1,000
Real Estate OwnedQ4 2024vs Q4 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/23/2025
4.54%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/23/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/23/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/23/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/23/2025
4.39%
Our Rating
3.6  / 5
Valley National Bank
High-Yield Savings Account Via Raisin
See Offer
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/23/2025
4.25%
Our Rating
3.7  / 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
See Offer
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* 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
0.20%*$10k*-Health Savings Account
OTHER TIERS: 0.01% → $0 - $10k
0.20%*$1k*-Regular Savings
OTHER TIERS: 0.01% → $0 - $1k

Macatawa Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.61%*$500k*-Preferred Partner Money Market
OTHER TIERS: 0.01% → $0 - $25k | 0.55% → $25k - $50k | 0.90% → $50k - $100k | 1.11% → $100k - $250k | 1.36% → $250k - $500k
1.16%*$250k*-Personal Money Market
OTHER TIERS: 0.01% → $0 - $25k | 0.50% → $25k - $50k | 0.80% → $50k - $100k | 1.00% → $100k - $250k

Macatawa Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$250k*-Premium Plus Checking
OTHER TIERS: 0.01% → $0 - $25k | 0.20% → $25k - $50k | 0.30% → $50k - $100k | 0.40% → $100k - $250k
0.45%*$250k*-Rewards Plus Checking
OTHER TIERS: 0.01% → $0 - $25k | 0.15% → $25k - $50k | 0.25% → $50k - $100k | 0.35% → $100k - $250k

Macatawa Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$1k-4 Month CD Special - In Branch
4.00%$1k-Business 4 Month CD Special - In Branch
3.50%$1k-11 Month CD Special - In Branch
3.50%$1k-Business 11 Month CD Special - In Branch
2.78%$1k-12-17 Month CD
2.78%$1k-18-23 Month CD - In Branch
2.78%$1k-60-120 Month CD - In Branch
2.53%$1k-24-35 Month CD - In Branch
2.53%$1k-36-47 Month CD - In Branch
2.53%$1k-48-59 Month CD - In Branch
2.02%$1k-6-11 Month CD - In Branch
1.51%$1k-3-5 Month CD - In Branch
1.00%$1k-12 Month Personal Easy Exit CD - In Branch

Macatawa Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.78%$1k-12-17 Month IRA
2.78%$1k-18-23 Month IRA - In Branch
2.78%$1k-60-120 Month IRA - In Branch
2.53%$1k-24-35 Month IRA - In Branch
2.53%$1k-36-47 Month IRA - In Branch
2.53%$1k-48-59 Month IRA - In Branch
2.02%$1k-6-11 Month IRA - In Branch
1.51%$1k-3-5 Month IRA - In Branch
0.20%*$1k*-IRA Savings
OTHER TIERS: 0.01% → $0 - $1k
Locations

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