Featured Savings Rates
Featured Accounts

Think Mutual Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.00%5-year CD5 Year Fixed CD
0.20%1-year CD1 Year Variable CD
0.15%SavingsSavings Account

Overview / Commentary
507-288-3435
5200 Members Parkway, Nw
Rochester, MN 55901

Think Mutual Bank is headquartered in Rochester and is the 7th largest bank in the state of Minnesota. It is also the 479th largest bank in the nation. It was established in 2007 and as of March of 2016, it had grown to 266 employees at 11 locations. Think Mutual Bank has an A+ health rating.

Reviews (4)

Most Efficient Bank Of All

Posted by: Anonymous | May 14, 2011

I have been a customer of Think Bank ( earlier IBM EFCU) for over 10 years. In these years, I also have used Bank of America , Wachovia and few others. But none are even close to the efficiency and customer service of Think. They are easily accessible, efficient and thorough. I quote them as bench mark to other banks when they ask me for feed back.

Great Service, No/Low Fees, Great Rates At THINKBANK

Posted by: loureeves | Jul 2, 2010

THINKBANK used to be a credit union, THINKCU for Employees/family/friends of IBM.  Superbly run by IBM folks.  It recently converted to a bank to offer more services to more people.  I was very hesitant because I was thrilled by the rates and free services at the Credit Union.    So far, it's been great.  Not getting charged for 'inactive accounts', checking accounts, etc.  Car loan rates were the best I could find. 

Big Change From IBM EFCU

Posted by: novalcal | Dec 13, 2014

In 2011 Think changed from a credit union to a bank. They told IBM FCU members that they could offer better service as a bank.
The opposite is true. A change in the customer support systems caused inadequate account reports and confusion on banking transactions. No longer are deposits annotated by type. Account reports are listed continuous and are hard to separate when reconciling. These problems have been reported to Customer Service and are never acknowledged or corrected.
Now THINK Mutual bank is in the process of adding fees that never existed under the EFCU.
Overdraft fees, even with LOC protection, Deposit fees and no longer providing free mail deposit envelopes. This is only a start in the fee implementations.
It appears THINK’s goal is to compete with big banks on fees.
Apparently this is what Think Mutual Bank meant back in 2011, by offering more services.
I'm very dissatisfied with the current level of service.

Just Another 2 Bit Bank

Nothing special. I am in process of closing my accounts as they raise their fees and eliminate postage paid mail deposits. They recently added a number of new fees- just like any other bank now.



Health
A+

Health Grade Components

Overall
FDIC Certificate #58536
Year Established2007
Employees266
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD3.52%
Annual Interest Income$11.4MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$1.58B$1.53B
LoansQ1 2016vs Q1 2015$933.9MM$848.3MM
DepositsQ1 2016vs Q1 2015$1.33B$1.28B
Equity CapitalQ1 2016vs Q1 2015$230.5MM$221.9MM
Loan Loss AllowanceQ1 2016vs Q1 2015$4.4MM$3.6MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$2.5MM$3.5MM
Real Estate OwnedQ1 2016vs Q1 2015$1.1MM$1.2MM
Rates
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Think Mutual 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.

Think Mutual Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$20k*-Savings Account
OTHER TIERS: 0.05% Up to $2,500 | 0.10% $2,500 - $20k

Think Mutual Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Money Market Account
OTHER TIERS: 0.10% $5k - $20k | 0.15% $20k - $50k | 0.20% $50k - $100k

Think Mutual Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$1,500*-Preferred Interest Checking
OTHER TIERS: 0.05% Up to $1,500
0.05%--Direct Interest Checking
0.05%--50+ Interest Checking

Think Mutual Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%$50k-5 Year Fixed Jumbo CD
1.00%$250-5 Year Fixed CD
0.90%$50k-4 Year Fixed Jumbo CD
0.85%$250-4 Year Fixed CD
0.70%$50k-3 Year Fixed Jumbo CD
0.65%$250-3 Year Fixed CD
0.60%$50k-30 Month Fixed Jumbo CD
0.55%$250-30 Month Fixed CD
0.55%$50k-2 Year Fixed Jumbo CD
0.50%$250-2 Year Fixed CD
0.50%$50k-18 Month Fixed Jumbo CD
0.45%$250-18 Month Fixed CD
0.45%$50k-12 Month Jumbo Fixed CD
0.45%$50k-1 Year Fixed Jumbo CD
0.40%$250-1 Year Fixed CD
0.40%$250-12 Month Fixed CD
0.35%$50k-6 Month Jumbo Fixed CD
0.30%$250-6 Month Fixed CD
0.25%$50k-3 Month Jumbo Fixed CD
0.25%$50k-1 Year Jumbo Variable CD
0.20%$250-3 Month Fixed CD
0.20%$250-1 Year Variable CD
0.20%$50k-6 Month Jumbo Variable CD
0.15%$250-6 Month Variable CD

Think Mutual Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%$50k-5 Year Fixed Jumbo IRA
1.00%$250-5 Year Fixed IRA
0.90%$50k-4 Year Fixed Jumbo IRA
0.85%$250-4 Year Fixed IRA
0.70%$50k-3 Year Fixed Jumbo IRA
0.65%$250-3 Year Fixed IRA
0.60%$50k-30 Month Fixed Jumbo IRA
0.55%$250-30 Month Fixed IRA
0.55%$50k-2 Year Fixed Jumbo IRA
0.50%$250-2 Year Fixed IRA
0.50%$50k-18 Month Fixed Jumbo IRA
0.45%$250-18 Month Fixed IRA
0.45%$50k-1 Year Fixed Jumbo IRA
0.40%$250-1 Year Fixed IRA
0.35%$50k-6 Month Jumbo Fixed IRA
0.30%$250-6 Month Fixed IRA
0.25%$50k-3 Month Jumbo Fixed IRA
0.25%$50k-1 Year Jumbo Variable IRA
0.20%$250-3 Month Fixed IRA
0.20%$250-1 Year Variable IRA
0.20%$50k-6 Month Jumbo Variable IRA
0.15%$50k-30 Day Jumbo IRA
0.15%$250-6 Month Variable IRA
0.10%$250-30 Day IRA
Locations

Think Mutual Bank has 11 locations. Click to view all Think Mutual Bank locations.