Mutual Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
2.00%	Reward Checking	REWARD Checking 2.00% - National Average
0.50%	Reward Savings	REALSaver 0.91% - National Average
0.40%	1-year CD	12 Month CD 2.45% - Synchrony Bank 12 Month CD

View all Mutual Bank rates »

Overview / Commentary

www.mymutualbank.com

781-447-4488

570 Washington St
Whitman, MA 02382

Mutual Bank is headquartered in Whitman and is the 77^th largest bank in the state of Massachusetts. It is also the 1,423^rd largest bank in the nation. It was established in 1889 and as of June of 2018, it had grown to 94 employees at 9 locations. Mutual Bank's money market rates are 4X the national average, and it has an A health rating.

19-month CD, 2.40% APY, $100 minimum deposit, new money. Leader Money Market 1.70% APY on balances up to $250,000. 0.20% APY on balances over $250,000. On balances up to $250,000, the rate may vary monthly and will be equal to the Fed Funds Rate as published in the Federal Reserve Bank Daily Data Release on the 15th day of the previous month. Minimum balance of $0.01 required to earn stated APY. $10 monthly service fee if balance falls below $1,000. $1,000 minimum to open. This offer applies to new funds not previously on deposit with Mutual Bank. Limit one account per household.

View all posts from:

2018
2013
2010
Earlier

4/20 - 19-Month CD, 2.40% APY And Leader MMA, 1.70% APY

4/9 - Reward Checking Rate Hike at Mutual Bank in Massachusetts

11/14 - Another New Reward Checking Account With A $10K Cap In Massachusetts

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Health

A

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	29755
Year Established	1889
Employees	94
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.73%
Return on Equity - YTD	8.31%
Annual Interest Income	$9.7MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$502.9MM$496.9MM
Loans	Q2 2018vs Q2 2017	$386.4MM$380.4MM
Deposits	Q2 2018vs Q2 2017	$415.4MM$398.6MM
Equity Capital	Q2 2018vs Q2 2017	$45.8MM$42.3MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$3.8MM$3.6MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$1.7MM$1.5MM
Real Estate Owned	Q2 2018vs Q2 2017	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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

Mutual Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	-	$50k	REALSaver
OTHER TIERS: 0.35% → $50k+
0.05%	-	-	Business Savings
0.05%	-	-	Statement Savings
0.05%	-	-	Non Profit Business Savings

Mutual Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.93%^*	-	$250k	Leader Money Market Account
OTHER TIERS: 0.20% → $250k+
1.93%^*	-	$250k	Business Leader Money Market
OTHER TIERS: 0.20% → $250k+
0.25%^*	$100k^*	-	High Yield Money Market
OTHER TIERS: 0.10% → Up to $25k \| 0.20% → $25k - $100k
0.15%^*	$100k^*	-	Business High Yield Money Market
OTHER TIERS: 0.05% → Up to $10k \| 0.10% → $10k - $100k
0.15%^*	$100k^*	-	Public Funds High Yield Money Market Account
OTHER TIERS: 0.05% → Up to $10k \| 0.10% → $10k - $100k
0.10%^*	$1k^*	-	Money Market Account
OTHER TIERS: 0.05% → Up to $1k

Mutual Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%^*	-	$10k	REWARD Checking
OTHER TIERS: 0.20% → $10k+
0.15%^*	$1.5k^*	-	High Interest Checking
OTHER TIERS: 0.05% → Up to $1.5k
0.05%	-	-	Business Interest Checking
0.05%	$10	-	Veterans Direct Free Interest Checking
0.05%	$10	-	Veterans 50+ Free Interest Checking

Mutual Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.50%	$100	-	48 Month CD
1.00%	$100	-	24 Month CD
0.50%	$100	-	18 Month CD
0.40%	$100	-	12 Month CD
0.25%	$100	-	6 Month CD
0.20%	$100	-	3 Month CD

Mutual Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.50%	$100	-	48 Month IRA
1.00%	$100	-	24 Month IRA
0.50%	$100	-	18 Month IRA
0.50%	$100	-	18 Month Variable Rate IRA
0.40%	$100	-	12 Month IRA

Locations

Cities: Brockton, Carver, Falmouth, Halifax, Hanson, Middleboro, Plymouth, Whitman

Brockton Branches
East Side Branch	656 Crescent Street	Brockton, MA 02302
West Side Branch	777 Belmont Street	Brockton, MA 02301

Carver Branches
Main St Street Branch	74 Main Street	Carver, MA 02330

Falmouth Branches
Falmouth Branch	668 Main Street	Falmouth, MA 02540

Halifax Branches
Plymouth Street Branch	336 Plymouth Street	Halifax, MA 02338

Hanson Branches
Liberty Street Branch	430 Liberty Street	Hanson, MA 02341

Middleboro Branches
Grove Street Branch	448 W Grove Street	Middleboro, MA 02346

Plymouth Branches
2 Pilgrim Hill Road	2 Pilgrim Hill Road	Plymouth, MA 02360

Whitman Branches
Mutual Federal Savings Bank Of Plymouth County	570 Washington St	Whitman, MA 02382
Bedford Street Whitman Branch	342 Bedford Street	Whitman, MA 02382

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