MutualOne Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
3.14%	5-year CD	61 Month CD 3.00% - American Express National Bank 60 Month CD
2.02%	Savings	Online Savings 1.80% - American Express National Bank High Yield Savings Account
2.68%	18-month CD	Online 19 Month CD 2.55% - PenFed Credit Union 18 Month Money Market Certificate

View all MutualOne Bank rates »

Overview / Commentary

www.mutualone.com

508-820-4000

828 Concord Street
Framingham, MA 01701

MutualOne Bank is headquartered in Framingham and is the 50^th largest bank in the state of Massachusetts. It is also the 929^th largest bank in the nation. It was established in 1889 and as of June of 2018, it had grown to 85 employees at 3 locations. MutualOne Bank's money market rates are 4X the national average, and it boasts an A+ health rating.

A Real Community Bank

Posted by: Dittobil | Nov 2, 2016

Mutual One Bank has gone through some revisions. Until a couple years ago it was a two branch bank in my town. I loved it because you get to know people, and if you don't have your ID, it's no big deal. They have fairly decent CD rates. If you deposit a local check, it's available the next day. If they have a problem, they call you and give you a chance to make things right before hitting you with a hefty fee for something that's not even your fault. It recently merged with two local banks from a neighboring town, and changed names, but the service is still the same. They give you free money orders if you withdraw from your account, even if you don't, if they know you have an account they will give it to you for free, whereas larger banks charge up to $5. Customer Service is friendly, and accommodating. They're online service is very good, and they recently changed platforms so you no longer need to have a funky user name or password. In addition to free candy at the teller windows, which changes with the season, they also have a coffee station, and a popcorn machine. This is a very good, fun local bank.

Comment

5

Problematic Online Deposit System.

Posted by: Markam | Apr 10, 2018

Verification of deposit application is inefficient.
Poor, late, inconsistent and misleading communications.
Example of response from bank was '0ur system is currently not set up to correct problem with ACH funding'!
Procedures are lacking in maturity fo conduct a fair and efficient Online business.
Not confidence inspiring experience.

Comment

3

HUGE SECURITY RISK--Do Not Sign-Up Online!

Posted by: moulder3 | May 23, 2018

This bank has the least-secure online application I've ever seen. They ask for personal info, ssn, mother's maiden name, drivers license # and then challenges to where you lived just for a checking/savings account!

To top it off, they then ask you to MAIL them a signature card, but wait...guess what info is printed on the page you're printing (with no warning)? Your full, un-redacted ssn, mother's maiden name, drivers license number & full address. If their application is this insecure, I can't even imagine how outdated their online system must be. STAY AWAY!!!

Comment

6

Health

A+

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	26395
Year Established	1889
Employees	85
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.49%
Return on Equity - YTD	8.5%
Annual Interest Income	$19.2MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$827.4MM$777.6MM
Loans	Q2 2018vs Q2 2017	$701.5MM$637.1MM
Deposits	Q2 2018vs Q2 2017	$634.0MM$600.6MM
Equity Capital	Q2 2018vs Q2 2017	$146.4MM$137.6MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$11.9MM$10.3MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$5.1MM$4.7MM
Real Estate Owned	Q2 2018vs Q2 2017	$0$0

Rates

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Savings
Money Market
Checking
CD
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

MutualOne Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.02%^*	-	$1m	Online Savings
OTHER TIERS: 0.25% → $1m+
0.15%	$10	-	Statement Savings (MA Residents Only)
0.15%	$10	-	Online Statement Savings (MA Residents Only)
0.15%	$10	-	Passbook Savings (MA Residents Only)

MutualOne Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.71%^*	$200k^*	-	Mo Money Market (MA Residents Only)
OTHER TIERS: 0.10% → $10 - $10k \| 0.75% → $10k - $50k \| 1.00% → $50k - $100k \| 1.61% → $100k - $200k
0.50%	$10	-	Nonprofit Money Market (MA Residents Only)
0.30%^*	$10k^*	-	Money Market Plus (MA Residents Only)
OTHER TIERS: 0.10% → $10 - $2.5k \| 0.15% → $2.5k - $10k

MutualOne Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	$50k^*	-	Advantage Checking (MA Residents Only)
OTHER TIERS: 0.01% → $10 - $1k \| 0.10% → $1k - $5k \| 0.15% → $5k - $25k \| 0.25% → $25k - $50k
0.50%^*	$50k^*	-	Online Advantage eChecking
OTHER TIERS: 0.01% → $10 - $1k \| 0.10% → $1k - $5k \| 0.15% → $5k - $25k \| 0.25% → $25k - $50k

MutualOne Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.14%	$5k	$1m	61 Month CD
3.14%	$5k	$1m	Online 61 Month CD
2.68%	$500	-	Online 19 Month CD
2.68%	$500	-	19 Month CD
2.53%	$500	-	30 Month CD
2.53%	$500	-	Online 30 Month CD
2.43%	$500	-	Online 13 Month CD
2.43%	$500	-	13 Month CD
2.22%	$500	-	24 Month CD
2.22%	$500	-	Online 24 Month CD
2.17%	$500	-	48 Month CD
2.17%	$500	-	Online 48 Month CD
2.12%	$500	-	36 Month CD
2.12%	$500	-	Online 36 Month CD
2.02%	$500	-	Online 7 Month CD
2.02%	$500	-	7 Month CD
1.92%	$500	-	60 Month CD
1.92%	$500	-	Online 60 Month CD
0.75%	$500	-	18 Month CD
0.75%	$500	-	Online 18 Month CD
0.65%	$5k	-	28 Day CD
0.65%	$500	-	12 Month CD
0.65%	$1k	-	Online 12 Month CD
0.65%	$5k	-	Online 28 Day CD
0.50%	$5k	-	9 Month Advantage CD
0.50%	$5k	-	Online 9 Month Advantage CD
0.45%	$500	-	6 Month CD
0.45%	$500	-	Online 6 Month CD
0.40%	$500	-	3 Month CD
0.40%	$500	-	Online 3 Month CD

MutualOne Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.14%	$5k	$1m	61 Month IRA
2.68%	$500	-	19 Month IRA
2.53%	$500	-	30 Month IRA
2.43%	$500	-	13 Month IRA
2.22%	$500	-	24 Month IRA
2.17%	$500	-	48 Month IRA
2.12%	$500	-	36 Month IRA
2.02%	$500	-	7 Month IRA
1.92%	$500	-	60 Month IRA
0.75%	$500	-	18 Month IRA
0.65%	$5k	-	28 Day IRA
0.65%	$500	-	12 Month IRA
0.50%	$5k	-	9 Month Advantage
0.45%	$500	-	6 Month IRA
0.40%	$500	-	3 Month IRA

Locations

MutualOne Bank Locations
Natick Federal Savings Bank Branch	49 Main Street	Natick, MA 01760
Mutualone Bank	828 Concord Street	Framingham, MA 01701
Lincoln Street Branch	One Lincoln Street	Framingham, MA 01701

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