Available nationwide, MutualOne Bank is offering a rate of 0.40% APY when you open an Online Savings Account with an opening deposit of $10. Continue reading below to learn everything you need to know about MutualOne Bank.
Table of Contents
About MutualOne Bank Online Savings
MutualOne Bank is a Massachusetts state-chartered mutual bank originally formed in 1889. They are federally insured by the FDIC are able to offer their customers the benefit of local decision making from people who live and work in their community.
I’ll review MutualOne Bank Online Savings below.
MutualOne Bank Online Savings Rate
To earn this generous rate, enroll in Online Banking and eStatements within 30 days after account opening. Once you have met those requirements, just maintain the opening deposit and you can earn the high rate that applies to all balances up to $1,000,000.
- Account Type: Online Savings
- Interest Rate: 0.40% APY
- Minimum Balance: None
- Maximum Balance: $1,000,000
- Availability: Nationwide (Bank Locator)
- Credit Inquiry: Unknown
- Opening Deposit: $10
- Credit Card Funding: Unknown. Let us know.
- Direct Deposit Requirement: None
- Monthly Fee: None
- Early Termination Fee: None, check with CSR for more information
American Express® High Yield Savings Account - You earn 0.40% interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend.
|Discover Bank Online Savings||$200 Bonus + 0.40% APY||Review|
|Aspiration||1.00% APY + $150 Cash||Review|
|Axos Bank High Yield Savings||Up to 0.61% APY||Review|
|Quontic Bank High Yield Savings||0.55% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|American Express High Yield Savings||0.40% APY||Review|
MutualOne Bank ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
Editor’s Note: Help us with the table above in the comment section if you have experience with MutualOne Bank’s ACH capabilities.
How to Earn MutualOne Bank Rate
- Apply and sign up online. You must provide all of your personal credentials.
- Open a Online Savings Account from MutualOne Bank.
- Online banking and e-statements required within 30 days of account opening.
- Earn the 0.40% rate and gain access with all of their features on balances up to $1,000,000.
|Balance Requirement||APY Rate|
Why You Should Sign Up For This Account
- No minimum balance or monthly fees
- Easy online account management
- Free telephone banking
- FDIC-insured for your peace of mind
Don’t hesitate to take advantage of this competitive rate offered by MutualOne Bank! The account has a great rate on your account balances and it does not have any monthly fees to worry about. Let us know about your experience with this bank and comment below.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on MutualOne Bank Online Savings Account.