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Bank Michigan

Health Savings Accounts (HSA)

Better Manage Your Medical Expenses

An HSA (Health Savings Account) from Bank Michigan enables you to pay for qualified medical expenses with pre-tax dollars. By using the untaxed dollars in your Bank Michigan HSA to pay for deductibles, copayments, coinsurance, and some other expenses, there's a good chance you'll be able to lower your overall healthcare costs.

Know the Requirements

While you can use the funds in an HSA at any time to pay for qualified medical expenses, there are certain restrictions and you may only contribute to an HSA if you have a High Deductible Health Plan (HDHP).


Minimum deposit to open


Minimum Balance



$50.00 to Open
Must have high deductible health plan
Government sets Yearly limits

Monthly Statement Fee

FREE monthly statement


Tiered Rates Compounded & Credited Monthly

Minimum Balance


Bounce Protection




Check Safekeeping


Charge & Fees

Annual fee of $15.00 every March, $100.00 fee for early closeout


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*Deposit rates are available and posted online for your convenience.

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CDs & IRAs

Short term liquidity, or long term yield, our CDs & IRAs offer secure stable returns.

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Bank Michigan

Money Market

If you’re in the market for a more astute deposit account, we have one right here.

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