Mutual Federal Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.85% | 5-year CD | 5 Year Certificate 1.85% - Synchrony Bank 60 Month CD |
| 1.19% | 3-year CD | 2 1/2 Year Certificate 1.55% - Ally Bank High Yield 3 Year CD |
| 1.01% | 1-year CD | 1 Year Certificate 1.05% - Ally Bank High Yield 12-Month CD |
Mutual Federal Bank is headquartered in Chicago and is the 361st largest bank in the state of Illinois. It is also the 4,825th largest bank in the nation. It was established in 1905 and as of June of 2016, it had grown to 22 employees at 1 location. Mutual Federal Bank's money market rates are 14% higher than the national average, and it has a B health rating.
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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 Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 28302 |
| Year Established | 1905 |
| Employees | 22 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.31% |
| Return on Equity - YTD | 1.86% |
| Annual Interest Income | $1.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $79.7MM$81.8MM |
| Loans | Q2 2016vs Q2 2015 | $62.2MM$61.9MM |
| Deposits | Q2 2016vs Q2 2015 | $66.0MM$68.5MM |
| Equity Capital | Q2 2016vs Q2 2015 | $13.3MM$13.0MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $848.00K$866.00K |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $2.3MM$2.4MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$230.00K |
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%* | $2,500* | - | Money Market Account | ||
| OTHER TIERS: 0.25% → Up to $2,500 | |||||
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 |
|---|---|---|---|---|
| 1.85% | $500 | - | 5 Year Certificate | |
| 1.65% | $500 | - | 4 Year Certificate | |
| 1.41% | $500 | - | 3 Year Certificate | |
| 1.19% | $500 | - | 2 1/2 Year Certificate | |
| 1.16% | $500 | - | 2 Year Certificate | |
| 1.05% | $500 | - | 18 Month Certificate | |
| 1.01% | $500 | - | 1 Year Certificate | |
| 0.35% | $900 | - | 9 Month Certificate | |
| 0.20% | $1k | - | 6 Month Certificate | |
| 0.15% | $1k | - | 3 Month Certificate |
Mutual Federal Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.85% | $500 | - | 5 Year IRA | |
| 1.85% | $500 | - | 5 Year Roth IRA | |
| 1.65% | $500 | - | 4 Year IRA | |
| 1.65% | $500 | - | 4 Year Roth IRA | |
| 1.41% | $500 | - | 3 Year IRA | |
| 1.41% | $500 | - | 3 Year Roth IRA | |
| 1.19% | $500 | - | 2 1/2 Year IRA | |
| 1.19% | $500 | - | 2 1/2 Year Roth IRA | |
| 1.16% | $500 | - | 2 Year IRA | |
| 1.16% | $500 | - | 2 Year Roth IRA | |
| 1.05% | $500 | - | 1 1/2 Year IRA | |
| 1.05% | $500 | - | 1 1/2 Year Roth IRA | |
| 1.01% | $500 | - | 1 Year IRA | |
| 1.01% | $500 | - | 1 Year Roth IRA | |
| 0.35% | $900 | - | 9 Month IRA | |
| 0.35% | $900 | - | 9 Month Roth IRA | |
| 0.20% | $1k | - | 6 Month IRA | |
| 0.20% | $1k | - | 6 Month Roth IRA | |
| 0.15% | $1k | - | 3 Month IRA | |
| 0.15% | $1k | - | 3 Month Roth IRA |
| Mutual Federal Bank Locations | ||
|---|---|---|
| Mutual Federal Bank | 2212 West Cermak Road | Chicago, IL 60608 |