Featured Savings Rates
Featured Accounts

MutualOne Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.78%5-year CD61 Month CD
1.81%SavingsOnline Savings
2.78%5-year IRA61 Month IRA (Traditional, Roth)

Overview / Commentary
508-820-4000
828 Concord Street
Framingham, MA 01701

MutualOne Bank is headquartered in Framingham and is the 50th largest bank in the state of Massachusetts. It is also the 953rd largest bank in the nation. It was established in 1889 and as of December of 2017, it had grown to 86 employees at 3 locations. MutualOne Bank's savings rates are 3X the national average, and it boasts an A+ health rating.

Related Posts

MutualOne Bank Boosts 30-Month Online CD Rate - 3/22/2018

MutualOne Bank has hiked the rate on its nationally available 30-month CD (2.53% APY) by 92 bps. The minimum deposit is $500, with no stated balance cap.

MutualOne Bank Adds New Online Savings Account - 2/6/2018

MutualOne Bank has added a new nationally available product - Online Savings account, earning 1.61% APY up to $250k. Balances greater than $250k earn 0.25% APY.

MutualOne Bank Ups 24-Month CD Rate - 1/25/2018

MutualOne Bank has hiked the rate on its nationally available 24-month CD (2.32% APY). Min deposit is $500, with no stated balance cap. Large balances insured by SIF.

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Reviews (2)

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.

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.



Health
A+

Health Grade Components

Overall
FDIC Certificate #26395
Year Established1889
Employees86
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.37%
Return on Equity - YTD7.68%
Annual Interest Income$34.3MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$806.2MM$720.6MM
LoansQ4 2017vs Q4 2016$677.0MM$614.6MM
DepositsQ4 2017vs Q4 2016$602.2MM$554.1MM
Equity CapitalQ4 2017vs Q4 2016$142.3MM$130.8MM
Loan Loss AllowanceQ4 2017vs Q4 2016$11.2MM$10.0MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$5.2MM$9.3MM
Real Estate OwnedQ4 2017vs Q4 2016$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not MutualOne Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

MutualOne Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.81%*-$250kOnline Savings
OTHER TIERS: 0.25% $250k+
0.15%--Statement Savings (MA Residents Only)
0.15%--Online Statement Savings (MA Residents Only)
0.15%--Passbook Savings (MA Residents Only)

MutualOne Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%*$200k*-Mo Money Market (MA Residents Only)
OTHER TIERS: 0.10% $10 - $10k | 0.50% $10k - $50k | 1.00% $50k - $100k | 1.26% $100k - $200k
0.50%--Nonprofit Money Market (MA Residents Only)
0.30%*$10k*-Money Market Plus (MA Residents Only)
OTHER TIERS: 0.10% $10 - $2,500 | 0.15% $2,500 - $10k
0.30%*$10k*-Online Money Market Plus
OTHER TIERS: 0.10% $10 - $2,500 | 0.15% $2,500 - $10k

MutualOne Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.78%$5k$1m61 Month CD
2.78%$5k$1mOnline 61 Month CD
2.53%$500-30 Month CD
2.53%$500-Online 30 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
2.12%$500-Online 19 Month CD
2.12%$500-19 Month CD
2.02%$500-Online 13 Month CD
2.02%$500-13 Month CD
1.92%$500-60 Month CD
1.92%$500-Online 60 Month CD
1.26%$500-Online 7 Month CD
1.26%$500-7 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.78%$5k$1m61 Month IRA
2.53%$500-30 Month IRA
2.22%$500-24 Month IRA
2.17%$500-48 Month IRA
2.12%$500-36 Month IRA
2.12%$500-19 Month IRA
2.02%$500-13 Month IRA
1.92%$500-60 Month IRA
1.26%$500-7 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 Branch49 Main StreetNatick, MA 01760
Mutualone Bank828 Concord StreetFramingham, MA 01701
Lincoln Street BranchOne Lincoln StreetFramingham, MA 01701

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