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HSA banking partners

Use this chart to compare Priority Health's HSA banking partners and find services that best fit your organization. Follow the links for more specific information about each bank.

Some things to note:
  • All of these banks accept employer and member payroll contributions through automated clearing house (ACH) or check and list transactions. Some banks have other options, too.
  • Many of these banks offer long-term investment options for HSA accounts.
  • Contact each bank for details about contribution administration and investment options.

Contact your Priority Health account representative with questions about HSAs and our banking partners.

HSA banking options*
Banking partners New account enrollment Free debit/ check card Check printing Start-up
fee		 Minimum deposit Monthly fee Interest rate
FEDCom Credit Union
Grand Rapids		 At employer or branch location Yes Free No None None 3.25%
Fifth Third Bank
Midwest U.S. & Florida 		Online or paper 2 free; $10 for ea. add'l $15.99 for 50 Free (online enrollment); $15.00 (paper enrollment) None $3 if balance is less than $4,000 Tiered:
.25%-1.25%
Founders Bank & Trust
West Michigan		 At employer or branch location Yes Free No None $2.00 (waived if you receive electronic statements) Tiered: .75%-3.5%
Lake Michigan
Credit Union
West Michigan		 Online, at employer location or at branch location 1 w/account; more free upon request 40 free No None None Tiered: 2.25%-2.85%
Macatawa Bank
West Michigan		 Online, at employer location or at branch location 1 w/account; more free upon request $12.00 for 50 No None $2.00 if balance is less than $1,000 Tiered
Banking partners New account enrollment Free debit/ check card Check printing Start-up
fee		 Minimum deposit Monthly fee Interest rate
Mercantile Bank of Michigan
West & central Michigan		 Online & at employer location 1 w/account; more free upon request $11.37 for 30 No None $2.00 (waived 1st year & add'l years w/min. bal. or w/direct deposit) Tiered: 1%-2.5%
National City Bank/PNC
Midwest U.S. & Florida		 Online & at employer location 1 w/account; more free upon request $9.50 for 25 No None $3.95 ($2.50 if paid by employer through Work Place program) Tiered: .6-1.25%
Northwestern Bank
Northwest Michigan		 At employer or branch location
1 w/account; more free upon request $12.15 for 25
No $150 (waived for payroll deposit) None Tiered
Select Bank
Grand Rapids		 At employer location only 1 w/account; more free upon request Free No None None 1.05%
United Bank of Michigan
West Michigan		 At employer location only 1 w/account; more free upon request $16.23 for 200 No None $2.00 if balance is less than $200 (waived for employer groups with 5+ employees) Tiered: 1.5%-3.5%

*Information about HSA banking options is subject to change. Contact each bank directly to verify HSA account features and requirements.

Last modified: 2/20/2012
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