Mutual Federal Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.12% | 5-year CD | 2.27% - National Average |
| 1.71% | 1-year CD | 1.38% - National Average |
| 1.82% | 3-year CD | 1.88% - National Average |
Mutual Federal Bank is headquartered in Chicago and is the 341st largest bank in the state of Illinois. It is also the 4,567th largest bank in the nation. It was established in 1905 and as of December of 2018, it had grown to 17 employees at 1 location. Mutual Federal Bank's CD rates are 90% higher than the national average, and it has a B health rating.
Related Posts
8/13 - Top 5-Year CD Rate at Mutual Federal Bank in Chicago - Local Only
3/30 - Top 6-Month Jumbo CD at Mutual Federal Bank in Chicago - Local Only
2/11 - 1.75% 6-Month Jumbo CD at Mutual Federal Bank in Chicago - Local Only
1/9 - 2.00% 6-Month Jumbo CD at Mutual Federal Bank in Chicago - Local Only
Super Nice And Helpful
The new Naperville branch (under the name "Great American Bank") was more then helpful with answering all my questions. The banker I dealt with (Eric) was super nice and extremely helpful with everything. With their above average rates and free checks for accounts; I will be returning to open new accounts as soon as I have more CD's come due.
Mutual Federal
This is a great bank that treats it's customers with class and kindness.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 28302 |
| Year Established | 1905 |
| Employees | 17 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.07% |
| Return on Equity - YTD | 0.44% |
| Annual Interest Income | $3.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $71.7MM$90.7MM |
| Loans | Q4 2018vs Q4 2017 | $51.1MM$72.1MM |
| Deposits | Q4 2018vs Q4 2017 | $57.8MM$70.4MM |
| Equity Capital | Q4 2018vs Q4 2017 | $13.5MM$13.6MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $909.00K$888.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $1.5MM$1.8MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $90.00K$194.00K |
Always verify rates and promotions with the bank or credit union. We are not Mutual Federal 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.
Mutual Federal Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.35% | $25 | - | GreatKids Savings | |
| 0.15% | - | - | Statement Savings | |
| 0.15% | - | - | Passbook Savings |
Mutual Federal Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $2.5k* | - | Money Market Account | ||
| OTHER TIERS: 0.25% → Up to $2.5k | |||||
Mutual Federal Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | Interest Checking |
Mutual Federal Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.12% | $500 | $249k | 5 Year Certificate | |
| 2.02% | $500 | $249k | 4 Year Certificate | |
| 1.97% | $500 | $249k | 3 Year Certificate | |
| 1.82% | $500 | $249k | 2 1/2 Year Certificate | |
| 1.77% | $500 | $249k | 2 Year Certificate | |
| 1.73% | $500 | $249k | 18 Month Certificate | |
| 1.71% | $500 | $249k | 1 Year Certificate | |
| 0.35% | $500 | $249k | 9 Month Certificate | |
| 0.20% | $500 | $249k | 6 Month Certificate | |
| 0.15% | $500 | $249k | 3 Month Certificate |
Mutual Federal Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.12% | $500 | $249k | 5 Year IRA | |
| 2.12% | $500 | $249k | 5 Year Roth IRA | |
| 2.02% | $500 | $249k | 4 Year IRA | |
| 2.02% | $500 | $249k | 4 Year Roth IRA | |
| 1.97% | $500 | $249k | 3 Year IRA | |
| 1.97% | $500 | $249k | 3 Year Roth IRA | |
| 1.82% | $500 | $249k | 2 1/2 Year IRA | |
| 1.82% | $500 | $249k | 2 1/2 Year Roth IRA | |
| 1.77% | $500 | $249k | 2 Year IRA | |
| 1.77% | $500 | $249k | 2 Year Roth IRA | |
| 1.73% | $500 | $249k | 1 1/2 Year IRA | |
| 1.73% | $500 | $249k | 1 1/2 Year Roth IRA | |
| 1.71% | $500 | $249k | 1 Year IRA | |
| 1.71% | $500 | $249k | 1 Year Roth IRA | |
| 0.35% | $500 | $249k | 9 Month IRA | |
| 0.35% | $500 | $249k | 9 Month Roth IRA | |
| 0.20% | $500 | $249k | 6 Month IRA | |
| 0.20% | $500 | $249k | 6 Month Roth IRA | |
| 0.15% | $500 | $249k | 3 Month IRA | |
| 0.15% | $500 | $249k | 3 Month Roth IRA |
| Mutual Federal Bank Locations | ||
|---|---|---|
| Mutual Federal Bank | 2212 West Cermak Road | Chicago, IL 60608 |