Personal Services Savings & Retirement
Competitive rates and a variety of products combine to help you reach your financial goals.
If you would like to receive a statement each month detailing your account activity and interest earnings, a Statement Savings account is the answer. For greater convenience, you can also combine your MutualOne Bank checking and statement savings accounts onto one easy-to-read monthly statement.
Maintain a minimum daily balanceof just $10 to avoid the $1 monthly service fee.
Those who prefer an ongoing record of all their deposits, withdrawals and interest earnings should consider this traditional savings. There are no monthly service charges when you maintain a minimum daily balance of $10 in your account. Otherwise, there is a monthly service charge of $1.
Our club account makes saving for a vacation or the holidays easy! Select either a statement or a passbook, the choice is yours and make regular contributions to the account. Receive the funds plus interest at the end of October, or change it to any month that is convenient for you.
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.
Certificate of Deposit (CD)
Our certificates of deposit allow you to earn guaranteed returns over a specific period of time, no matter what happens in the financial markets. 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.