Featured Savings Rates
Featured Accounts

Mutual Federal Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.85%5-year CD5 Year Certificate
1.19%3-year CD2 1/2 Year Certificate
0.95%1-year CD1 Year Certificate

Overview / Commentary
773-847-7747
2212 W. Cermak Rd.
Chicago, IL 60608

Mutual Federal Bank is headquartered in Chicago and is the 360th largest bank in the state of Illinois. It is also the 4,854th largest bank in the nation. It was established in 1905 and as of March of 2016, it had grown to 19 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.

Related Posts

View all posts from:


Reviews (2)

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

Posted by: Anonymous | Oct 20, 2010

This is a great bank that treats it's customers with class and kindness.



Health
B
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Mutual Federal Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #28302
Year Established1905
Employees19
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.42%
Return on Equity - YTD2.54%
Annual Interest Income$868.00K
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$80.4MM$81.7MM
LoansQ1 2016vs Q1 2015$61.1MM$64.3MM
DepositsQ1 2016vs Q1 2015$66.7MM$68.5MM
Equity CapitalQ1 2016vs Q1 2015$13.3MM$13.0MM
Loan Loss AllowanceQ1 2016vs Q1 2015$874.00K$890.00K
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$2.3MM$2.9MM
Real Estate OwnedQ1 2016vs Q1 2015$94.00K$283.00K
Rates
Report an Issue

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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$25-GreatKids Savings
0.15%--Statement Savings
0.15%--Passbook Savings

Mutual Federal Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$2,500*-Money Market Account
OTHER TIERS: 0.25% Up to $2,500

Mutual Federal Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Interest Checking

Mutual Federal Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW 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
0.95%$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

APYMINMAXACCOUNT NAMEVIEW 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
0.95%$500-1 Year IRA
0.95%$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
Locations


Mutual Federal Bank Locations
Mutual Federal Bank2212 West Cermak RoadChicago, IL 60608