MutualOne Bank: Savings Accounts & Rates

Savings rates updated: 9/12/2025

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

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 42 out of 83 tracked HYSAs)

Minimum Deposit: $20,000

Online Savings: 0.37% - 0.40% APY(Rank 89 out of 97 savings accounts)

Minimum Deposit: $5,000 | Online Only

National Savings Interest Rate: 0.39% (as of 8/26/2025)

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 APY of 4.07%
No maintenance fees for both savings accounts
High customer ratings: 4.9 on App Store and 4.4 on Google Play
A+ BBB rating indicates strong trustworthiness

Considerations

Online Savings has a lower APY of 0.40% for balances over $1,000,000.01
Minimum deposit of $20,000 required for Mo Premium Savings
No branch access for the Online Savings account
Not BBB Accredited despite high rating

Summary: MutualOne Bank offers two savings accounts with distinct features. The Mo Premium Savings account stands out with a 4.07% APY, requiring a minimum deposit of $20,000. The Online Savings account provides a lower 0.40% APY for balances up to $1,000,000.01, but is only available online. The bank has an A+ BBB rating and high customer satisfaction, though it lacks branch access for its online account.

Savings Accounts: In-Depth View

Savings Accounts Offered by MutualOne Bank

Feature	Online Savings	Mo Premium Savings
APY	0.37% - 0.40% (as of 9/12/2025)	4.07% (as of 9/12/2025)
APY Trend	N/A	N/A
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.

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

No historical data available.

Compare MutualOne Bank's Savings Accounts

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Feature	MutualOne Bank	Select a bank...
Product		N/A
APY	4.07% (as of 9/12/2025)	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