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 |
| Minimum To Earn |
$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.
|
Recent Rate Changes
|
Date
|
APY
|
|
August 20, 2023 |
0.40%
|
Customer Reviews for MutualOne Bank
Thomas DeMauro
August 28, 2022
Rates are totally uncompetitive now.
Is this review helpful? Yes:0 / No: 0
Jazzy in Georgia
March 25, 2021 |
Completely excessive number of customer service phone calls after setting up account. Well meaning, but over the top.
Is this review helpful? Yes:3 / No: 0
Jason Turnable
February 15, 2021 |
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.
Is this review helpful? Yes:3 / No: 0
IDK
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.
Is this review helpful? Yes:3 / No: 0
D Lorenz
February 10, 2021 |
A little weak around the edges!
Is this review helpful? Yes:3 / No: 0
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