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Mutual Federal Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/15/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/15/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/15/2025
4.00%
Our Rating
4.6  / 5
SoFi Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 4.00% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/15/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/15/2025
4.75%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Overview / Commentary
www.mutualfederalbank.com
312-447-5200
2212 W. Cermak Rd.
Chicago, IL 60608

Mutual Federal Bank is headquartered in CHICAGO and is the 282nd largest bank in the state of Illinois. It is also the 3,906th largest bank in the nation. It was established in 1905 and as of September of 2024, it had grown to 14 employees at 1 location. Mutual Federal Bank's money market rates are 70% higher than the national average, and it has a B health rating.

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Health
B

Data as of Q3 2024

Learn why bank health matters
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
Employees14
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.18%
Return on Equity - YTD1.14%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$92.2MM$104MM
LoansQ3 2024vs Q3 2023$78.8MM$88.9MM
DepositsQ3 2024vs Q3 2023$64.3MM$66.8MM
Equity CapitalQ3 2024vs Q3 2023$15.4MM$15.1MM
Loan Loss AllowanceQ3 2024vs Q3 2023$1.3MM$1.4MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$1.7MM$662K
Real Estate OwnedQ3 2024vs Q3 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/15/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/15/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/15/2025
4.00%
Our Rating
4.6  / 5
SoFi Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 4.00% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/15/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/15/2025
4.75%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Rates
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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
0.25%$100-Passbook Savings

Mutual Federal Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$2.5k*-Money Market Account
OTHER TIERS: 0.25% → $0 - $2.5k

Mutual Federal Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.53%$1k-9 Month Certificate Special
0.65%$500$249k6 Month Certificate
0.65%$500$249k1 Year Certificate
0.65%$500$249k5 Year Certificate
0.65%$500$249k2 Year Certificate
0.65%$500$249k3 Year Certificate
Locations


Mutual Federal Bank Locations
Mutual Federal Bank2212 W Cermak RdChicago, IL 60608

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