Business Services Checking & Savings
No two businesses are alike, and that's why we offer you a choice of business checking accounts. Just select the level of checking activity that's appropriate for you. For information, or for help choosing the accounts that are right for your business, please contact our business services team at 508.820.4000.
Free Business Checking
We know local businesses are looking for ways to reduce expenses. We're helping you do just that, with Free Business Checking. Perform up to 200 transactions a month for free with no minimum balance requirement. Any items over 200 in a statement period are just 30¢ each.
Businesses with higher transaction volumes should find that our Commercial Checking account meets their needs while keeping costs down. You can perform as many transactions as your business requires – including checks, deposits and/or withdrawals. There is no minimum balance requirement, and you receive an earnings credit allowance based on the available collected balance in your account that is used to offset all or part of the activity fees associated with your account.
•Monthly Service Charge – $12.00
• Deposit – 75¢
• Each Item Deposited – 11¢
• Each Check Paid – 19¢
• ACH Items – 19¢
• Returned Deposit Item – $3.00
• Stop Payment Request (per check) – $20.00
• ACH Origination Service (per month) – $15.00
• Remote Check Deposit Service
Monthly Per Location – $25.00/$35.00
Non Profit Checking
This special checking offers you not-for-profit organizations everything they need, for less. There is no minimum daily balance requirement, but proof of 501(c)3 status is required
Receive a statement each month detailing your account activity and interest earnings. For greater convenience, combine your MutualOne Bank checking and statement savings accounts into one easy-to-read monthly statement.
Money Market Plus
We've combined the high rate of a short-term CD with the flexibility of a Money Market account. You can open your account with $500. Maintain a $500 daily minimum balance to avoid the $2 monthly service fee. Preauthorized transfers, or checks payable to third parties, from your Statement Money Market Plus Account are limited to 6 each month, whether to other accounts you maintain with us or to third parties. Additional preauthorized withdrawals, transfers, or checks processed above these limits in a statement period are $10.00 each and may require us to close your account.
Non Profit Money Market
Not-for-profit organizations can earn more with our Non Profit Money Market. There is no minimum daily balance requirement, but proof of 501(c)3 status is required.
Certificate of Deposit (CD)
With one of our CDs you can earn guaranteed returns over a specified period of time – no matter what is happening in the market! You can open a CD with as little as $500 and leave your money on deposit for a few months or a few years.
Individual Retirement Accounts (IRAs)
Its never too early, or too late, to start planning for retirement. Whether you choose a Traditional or Roth IRA, there is no annual fee and your earnings are guaranteed. We can even help with IRA rollovers or transfers.
At MutualOne Bank, every deposit is insured in full.
Each depositor is insured by the Federal Deposit Insurance Corporation (FDIC) to at least $250,000. All deposits over and above this amount are covered by the Share Insurance Fund (SIF), established by the legislature in 1934 to protect deposits in Massachusetts-chartered co-operative banks. There are no maximum account limitations or amount limitations.