MutualOne Bank: Savings Accounts & Rates

Savings rates updated: 10/30/2025

Mission statement: Banksparency aims to make MutualOne Bank's savings accounts transparent and comparable to those of other banks. .

Note: Interest rates below are reported as APY, or Annual Percentage Yield

We earn a commission if you open an account through some links on this page.

Savings Overview

Mo Premium Savings: 4.07% APY(Rank 29 out of 81 tracked HYSAs)

Minimum Deposit: $20,000

Online Savings: 0.37% - 0.40% APY(Rank 87 out of 95 savings accounts)

Minimum Deposit: $5,000 | Online Only

National Savings Interest Rate: 0.4% (as of 10/20/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: Framingham, Massachusetts

Founded: 1889

Access to Branches: Full-service banking offices in Framingham, MA, and Natick, MA

Deposit Insurance: FDIC Cert # 26395

BBB Rating: A+ (Not BBB Accredited)

App Store Rating: 4.9/5

Google Play Rating: 4.4/5

Website: Visit MutualOne Bank

Our Take on MutualOne Bank

Highlights

Mo Premium Savings offers a competitive 4.07% APY with a $20,000 minimum deposit.
No maintenance fees on both savings accounts.
Strong BBB rating of A+ indicates high trustworthiness.
High App Store rating of 4.9 reflects positive customer satisfaction.

Considerations

Online Savings account has a lower APY of 0.40% for balances up to $1,000,000.01.
Mo Premium Savings requires a $20,000 minimum balance.
No direct deposit option available for either account.
Limited branch access with only two locations in Massachusetts.

Summary: MutualOne Bank offers two savings accounts, with the Mo Premium Savings providing a notable 4.07% APY for those able to meet the $20,000 minimum deposit. Both accounts have no maintenance fees, and the bank boasts an A+ BBB rating and a 4.9 App Store rating, indicating strong customer trust and satisfaction. However, the online-only nature of the accounts and the high minimum deposit may limit accessibility for some savers.

Savings Accounts: In-Depth View

Savings Accounts Offered by MutualOne Bank

Feature	Online Savings	Mo Premium Savings
APY	0.37% - 0.40% (as of 10/30/2025)	4.07% (as of 10/30/2025)
APY Trend	Stable for the last quarter	Stable for the last quarter
Minimum Deposit	$5,000	$20,000
Minimum Balance for APY	N/A	$20,000
FDIC-insured	Yes	Yes
Online Only	Yes	No
Bundled Account	No	No
Direct Deposit Required	No	No
Compound Frequency	Monthly	Monthly
Maintenance Fee	$0	$0
Eligibility	United States	United States
Note	Earn 0.40% APY up to $1,000,000.01, then 0.37% APY thereafter.	N/A
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for MutualOne Bank

All calculations are based on APY.

Choose savings account:

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $5,791.2 (14.93%)
Total contributions: $13,000 (33.51%)
Initial deposit: $20,000 (51.56%)

Your total balance

$38,791.20

Effective APY: 4.07% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

MutualOne Bank Savings Rates Over Time

Historical APY Insights

Metric	Online Savings	Mo Premium Savings
Latest APY	0.40 %	4.07 %
Trend	Sideways	Sideways
Slope (bps/mo)	-0.0	-0.0
Rate Changes / Mo	0.00	0.00
Days Since Last Change	45	45
High (-2 m)	0.40 %	4.07 %
Low (-2 m)	0.40 %	4.07 %
Draw-down from High	0.0 %	0.0 %
Volatility (CV)	0.000	0.000

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 2 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-2 m): Highest APY in the last 48 days.
Low (-2 m): Lowest APY in the last 48 days.
Draw-down from High: How far today sits below the 2-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare MutualOne Bank's Savings Accounts

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Carver Bank - 4.00% APY
Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
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CIBC Bank USA - 3.92% APY
CIT Bank - 0.25-3.85% APY
Citibank - 3.40% APY
Citizens Access™ - 3.35% APY
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ConnectOne Bank - 3.85% APY
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Discover Bank - 3.40% APY
Elevault - 4.34% APY
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Evergreen Bank Group - 4.25% APY
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FNBO Direct - 3.00% APY
Forbright Bank - 4.00% APY
FVCbank - 4.10% APY
GO2bank - 4.50% APY
High Plains Bank - 0.23-3.82% APY
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LendingClub - 3.20-4.20% APY
Live Oak Bank - 4.00% APY
Marcus by Goldman Sachs - 3.65% APY
My Banking Direct - 4.20% APY
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Neighbors Bank - 4.50% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Peak Bank - 4.20% APY
Pibank - 4.60% APY
PNC - 3.85% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.05% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 3.90% APY
Primis Bank - 3.85% APY
Quontic Bank - 3.75% APY
RBMAX - 3.90% APY
Rising Bank - 4.10% APY
ROGER - 3.87% APY
Salem Five Direct - 3.81% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.01% APY
SmartyPig - 3.90% APY
SoFi Bank - 4.50% APY
Synchrony Bank - 3.80% APY
TAB Bank - 3.80% APY
TD Bank - 0.05-2.75% APY
The State Exchange Bank - 3.96% APY
TIMBR - 4.40% APY
UFB Direct - 3.51-3.71% APY
Upgrade - 3.42% APY
Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-0.05% APY
Western Alliance Bank - 4.10% APY
Zynlo Bank - 4.20% APY

Feature	MutualOne Bank	Select a bank...
Product		N/A
APY	4.07% (as of 10/30/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	No	N/A
Compound Frequency	Monthly	N/A
Minimum Deposit	$20,000	N/A
Minimum Balance for APY	$20,000	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A

Alternatives to MutualOne Bank

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

Varo Bank

High-Yield Savings Account: 5.00% APY

Tiered Savings: 4.10% APY

Minimum Deposit: $0

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Online Savings: 3.70% APY

Minimum Deposit: $0

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Jenius Bank

Jenius Savings: 4.20% APY

Minimum Deposit: $0

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