Macatawa Bank

Overview / Commentary
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 458th largest bank in the nation. It was established in 1997 and as of March of 2024, it had grown to 314 employees at 29 locations. Macatawa Bank's money market rates are 4X the national average, and it has an A health rating.

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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!

Past Customer

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


Health Grade Components

FDIC Certificate #34618
Year Established1997
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.53%
Return on Equity - YTD14.58%
Annual Interest Income$29.1MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$2.61B$2.64B
LoansQ1 2024vs Q1 2023$1.32B$1.2B
DepositsQ1 2024vs Q1 2023$2.29B$2.34B
Equity CapitalQ1 2024vs Q1 2023$284.5MM$252.1MM
Loan Loss AllowanceQ1 2024vs Q1 2023$17.4MM$16.8MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$1,000$75K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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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

0.20%*$10k*-Health Savings Account
OTHER TIERS: 0.01% $0 - $10k
0.20%*$1k*-Regular Savings
OTHER TIERS: 0.01% $0 - $1k
0.20%*$1k*-IRA Savings
OTHER TIERS: 0.01% $0 - $1k

Macatawa Bank Money Market Rates

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

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

4.75%$1k-4 Month CD Special
4.75%$1k-Business 4 Month CD Special
4.25%$1k-13 Month CD Special
4.25%$1k-Business 13 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
1.00%$1k-12 Month Personal Easy Exit CD

Macatawa Bank IRA Rates

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


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