Available for residents of Massachusetts, Mutual Bank is currently offering 2.44% APY when you open a Leader Money Market account. Continue reading below to learn everything you need to know about Mutual Bank.
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Mutual Bank Money Market Account Review
Mutual Bank was established in 1888 and has grown throughout the Massachusetts. There are now locations throughout Southeastern Massachusetts, stretching from Brockton to Plymouth. The Bank was established as a mutual institution, owned by its depositors, not by shareholders. Fast forward more than a century, and the Bank is still a mutual institution, and proudly holds a Massachusetts cooperative bank charter.
In addition to the rate from Mutual Bank, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
I’ll review Mutual Bank Money Market below.
Mutual Bank Money Market Rate
With just a $1,000 minimum opening deposit you can earn 2.44% APY with the Leader Money Market Account at Mutual Bank.
- What you’ll get: 2.44% APY
- Eligible account: Money Market
- Credit inquiry: Unknown
- Where it’s available: MA
- Opening Deposit: $1,000
- Monthly fee: $10, See Below
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
How to Earn Mutual Bank Rate
- Open a new Money Market account with $1,000 opening deposit.
- Earn the 2.44% APY rate on any balance up to $250,000
- Rates are subject to change based on account balance listed in the table below.
| APY Rate: | Minimum balance to earn APY rate: |
|---|---|
| 2.44% | $.01 – $250,000 |
| 0.20% | $250,000 + |
Mutual Bank Account Features
- Online banking
- Online bill pay
- Telephone banking
- eStatements
- FDIC insured
Conclusion
If you are a current resident of Massachusetts and would like to start a new banking experience, then I would definitely recommend checking out the current promotion Mutual Bank is offering. For a limited time, simply meet the direct deposit and opening deposit requirement and you could be well on your way to enjoying the stated rate.
Let us know about your experience with this bank and comment below.
Check back often to see the latest info on Mutual Bank Money Market.
