Mutual of Omaha Bank

Deposits held and insured by CIT Bank

Reviews (4)

Decent Bank, Mediocre Service

Posted by: |

I used the online banking platform for Mutual of Omaha Bank. I don't live near a branch, so I had the experience of using this bank remotely. Overall, it wasn't bad, there was some difficulties in setting up my account and direct deposit. The telebanker wasn't very knowledgeable or had a difficult time understanding my request. But once everything was set up, everything went as expected. Nothing really to note.

Outrageous Fees - Avoid

Posted by: |

Looking forward to my next $15 fee to process a $75 payment

Poor Experience

Posted by: |

The fees that this bank charges are extravagant at best, and are charged frequently and on everything possible. Customer service reps and "personal bankers" seem to be programmed to respond to all questions with the phrase "that's our policy", and any attempt to hold a discussion or make a request is futile. The website is also difficult, as bank to bank transfers take over a week, and the web page will not contain any indication that the transfer request has been made or is processing until the very last day, which left me anxious and wondering if I completed the request properly. Between high fees, poor customer service, and a web page shrouded in mystery, this bank is not worth the effort.

Untenable Fees; Poor Service

Posted by: |

It's just unfortunate when a bank has to resort to so many fees.  I am done with this bank for good.  My recommendation is to avoid and take business elsewhere!



Health
A

Data as of Q4 2019

Data displayed below is for insuring bank: CIT Bank
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58978
Year Established2009
Employees3146
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.98%
Return on Equity - YTD8.41%
Annual Interest Income$1.92B
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$45.27B$42.18B
LoansQ4 2019vs Q4 2018$28.35B$27.83B
DepositsQ4 2019vs Q4 2018$35.82B$32.04B
Equity CapitalQ4 2019vs Q4 2018$5.27B$5.09B
Loan Loss AllowanceQ4 2019vs Q4 2018$455.2MM$458.8MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$401.2MM$486.8MM
Real Estate OwnedQ4 2019vs Q4 2018$17.6MM$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Mutual of Omaha 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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Mutual of Omaha Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--IRA Savings

Mutual of Omaha Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%*$1k*$1mMoney Market
OTHER TIERS: 0.10% $1m+

Mutual of Omaha Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$50k*-Investment Checking
OTHER TIERS: 0.05% $1k - $50k
0.05%$100-Advantage Checking
0.05%$100-Platinum Checking

Mutual of Omaha Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.90%$1k-60 Month CD
1.90%$1k-Business 60 Month CD
1.55%$1k-48 Month CD
1.55%$1k-Business 48 Month CD
1.35%$1k-36 Month CD
1.35%$1k-Business 36 Month CD
1.20%$1k-30 Month CD
1.20%$1k-Business 30 Month CD
1.00%$1k-24 Month CD
1.00%$1k-Business 24 Month CD
0.80%$1k-18 Month CD
0.80%$1k-Business 18 Month CD
0.75%$1k-Business 12 Month CD
0.75%$1k-12 Month CD
0.55%$1k-Business 10 Month CD
0.50%$1k-9 Month CD Promo
0.50%$1k-Business 9 Month CD Promo
0.45%$1k-6 Month CD
0.45%$1k-Business 6 Month CD
0.40%$1k-3 Month CD
0.40%$1k-Business 3 Month CD
0.35%$1k-2 Month CD
0.35%$1k-Business 2 Month CD
0.30%$1k-1 Month CD
0.30%$1k-Business 1 Month CD

Mutual of Omaha Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.90%$1k-60 Month IRA
1.55%$1k-48 Month IRA
1.35%$1k-36 Month IRA
1.20%$1k-30 Month IRA
1.00%$1k-24 Month IRA
0.80%$1k-18 Month IRA
0.75%$1k-12 Month IRA
0.50%$1k-9 Month IRA Promo
0.45%$1k-6 Month IRA
0.40%$1k-3 Month IRA
0.35%$1k-2 Month IRA
0.30%$1k-1 Month IRA
Locations

Availability



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