New CD Specials at Mutual Bank: 5.35% 12-Month
Apr 25, 2006 - 12:33 PM by Ken Tumin
Mutual Bank has once again started offering some nice CD rates. There are two terms with very high yields: 5.35% APY 12-month CD and a 5.40% APY 18-month CD. Both have a minimum deposit requirement of $5K.
Every so often, Mutual Bank comes out with a few CD terms with competitive rates. In February, their 1-year certificate of deposit had a then-competive APY of 5.05%. Late last year, they had two competitive long term CDs: 5.50% 5-year and 5.00% 30-month.
In addition to CDs, Mutual Bank has a very high yield money market account for very large balances. The current APY of their Premium Unique Money Market Account is 5.38% for balances of over $1 million. The yield goes way down to 4.65% APY for balances between $500K and $1 million.
The bank is located in the Chicago area, however, you can open these CDs by mail from any state. Refer to their account opening page.
Every so often, Mutual Bank comes out with a few CD terms with competitive rates. In February, their 1-year certificate of deposit had a then-competive APY of 5.05%. Late last year, they had two competitive long term CDs: 5.50% 5-year and 5.00% 30-month.
In addition to CDs, Mutual Bank has a very high yield money market account for very large balances. The current APY of their Premium Unique Money Market Account is 5.38% for balances of over $1 million. The yield goes way down to 4.65% APY for balances between $500K and $1 million.
The bank is located in the Chicago area, however, you can open these CDs by mail from any state. Refer to their account opening page.
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Anonymous - #1, Wednesday, April 26, 2006 - 10:18 AM
I can get 5.50% APR for $100m blocks at this bank. I have a relationship with them. If interested please call me at work 800-362-9876 x 203
Money does not touch my hands; it's all direct. Monthly check.
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