bank rates

Mutual Bank Certificates of Deposit Rates

To serve your clients effectively you should understand their requirements. Mutual Bank serves the financial needs of its customers while understanding their financial challenges. It was found in 1962 and since then its financial products cater to the customers’ needs. It is a community bank that serves the comunities in a responsible and ethical manner. Its operations are guided by its core values of providing personalized customer service with the aim of maximizing shareholder’s value.

Its deposit products offer high savings rates. Certificates of Deposit (CDs) are an execllent way to grow your savings. Different CDs are explained as follows:

Regular CDs:
Requires a minimum opening balance of $1,000.
3 month CD earns 3.00% APY
6 month CD earns 3.41% APY
12 month CD earns 3.51% APY
24 month CD earns 3.70% APY
30 month CD earns 3.80% APY
36 month CD earns 3.80% APY
48 month CD earns 3.90% APY
60 month CD earns 4.10% APY
*The above rates are effective as on 5/7/08 and are subject to change without notice.

Special Promotions:
A minimum balance of $2,500 is required for Promotional CDs.
18 month CD earns 4.00% APY
54 month CD earns 4.50% APY
*The above rates are effective as on 5/7/08 and are subject to change without notice.

Features:
– All CDs are FDIC insured.
– Interest on CDs is compounded and credited monthly.
– A penalty may be imposed for early withdrawal.
 
Mutual Bank provides Online Banking. You can directly open your account via their website <http://www.mutualbanking.com/OpeningAccount.asp>. Incase of any queries you may contact a personal banker or call 1-877-637-3111.

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