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Savings Accounts

 

Money Market Savings

Mutual Federal Bank's Money Market account is a variable rate savings account that allows you to write checks. By opening this account you get a competitive rate, the safety of FDIC insurance and easy access to your funds.

  • FDIC insured
  • $200 to open account and avoid monthly service fee
  • $200 minimum balance required to earn APY1
  • Flexibility of having up to six withdrawals or transfers per month 2
  • $5 monthly service fee 3
  • FREE Online Banking
  • FREE Debit MasterCard®
  • FREE domestic and foreign ATM withdrawals 4
  • FREE eStatements
  • FREE money orders and Official Checks & FREE basic money market design checks

1 Minimum to earn Annual Percentage Yield (APY)
2 You may make a total of six withdrawals or transfers to another account that you maintain with us or a third party (including preauthorized, automatic, debit card, telephonic (including fax), or online transfers and withdrawals) per statement cycle.
3 Fees may reduce earnings. Rates subject to change at any time.
4 Mutual Federal does not charge ATM fees for cash withdrawals. However, if you use your debit card at another financial institution's ATM, you will be subject to that financial institution's fee. Foreign currency exchange and transaction fees may apply.

Passbook Savings

Don’t spend it all… Save some in a Mutual Federal passbook savings account! Earn interest on funds you have set aside for short-term goals.

  • $100 to open account and avoid monthly service fee
  • $1 monthly service fee
  • FREE Online Banking
  • $100 minimum balance required to earn APY 2
  • Your Passbook is your financial statement!

1 Fees may reduce earnings. Rates subject to change at any time.

2 Minimum to earn Annual Percentage Yield (APY).

 

 

Which savings account is right for you?

Compare Accounts

Passbook

Money Market

Minimum balance to open account

$100

$200

Minimum balance to earn APY

$100

$200

Monthly service fee

$1

$5

Daily balance to waive monthly service fee

$100

$200

FREE Online Banking

X

X

FREE monthly statement

 

X

FREE debit card

 

X

Free checks

X

X

FREE domestic and foreign ATM withdrawals 2

 

X

Passbook

X

 

1 Fees may reduce earnings. Rates subject to change at any time.
2 Mutual Federal does not charge ATM fees for cash withdrawals. However, if you use your debit card at another financial institution's ATM, you will be subject to that financial institution's fee. Foreign currency exchange and transaction fees may apply.

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