MutualOne Bank:
Online Savings Account - 0.40% APY

• A penalty for early withdrawal may apply.
• Maximum opening deposit $500.
• Statement only.
• Balance in excess of $1,000,000 will earn a lower interest rate, for example a balance of $1,250,000.00 will earn 0.53% APY.
• Online transactions only.
• Online Banking and eDocuments required within 30 days of account opening.


Fee and Feature Guide

Savings Account
Interest Rate
APY 0.40%
Minimum deposit amount $500.00
Maximum deposit amount N/A
Balance Requirements
Minimum Opening Deposit $500.00
Minimum Balance to Avoid Fees $0.00
Minimum Required Balance $0.00
Fees
Monthly Maintenance Fee N/A
Foreign ATM Fees N/A
Insufficient Funds Fee $29.00
Incoming Wires N/A
Statements
Paper Statements Yes
Online Statements Yes
Online and Telephone Banking
Online Banking Yes
Telephone Banking ×
Mobile Banking Yes
Deposit Checks with Mobile Device Yes
Free Bill Pay ×
Online Bill Payments Required ×
Account Opening
Open Online Yes
Insured by F.D.I.C.

Customer Reviews for MutualOne Bank


  • August 28, 2022

    CDs 6 Month Rates

    Rates are totally uncompetitive now.

  • March 25, 2021 |

    Online Savings Rates

    Completely excessive number of customer service phone calls after setting up account. Well meaning, but over the top.

  • February 15, 2021 |

    Online Savings Rates

    And, poof, just like that. After years of being competitive, they've dropped their MM rate from 0.70 to 0.45 in two weeks.

  • February 10, 2021 |

    I opened CDs with no issue, they didn't want to set me up for bank-to-bank transfer for a savings account. Someone called me several times and I would call back and get told they had everything. Not worth all the emails and phone calls.

  • February 10, 2021 |

    Online Savings Rates

    A little weak around the edges!

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