MutualOne Bank: Savings Accounts & Rates
Mission: Banksparency aims to make MutualOne Bank's savings accounts transparent and comparable to the market.
Analysis of MutualOne Bank
Our verdict
MutualOne Bank offers Mo Premium Savings, a high-yield savings account paying 4.07% APY with a $20,000 minimum deposit. A minimum balance of $20,000 is required to earn this rate.
At 4.07% APY, MutualOne Bank pays 10x the national average (0.39%). Ranks in the top tier of 99+ accounts tracked.
MutualOne Bank also offers Online Savings at 0.40% APY — with a balance cap.
Ideal User Profile
- Best for: earning a top rate with no strings attached, quick transfers with Zelle, and having a branch nearby when you need one.
Key Differentiators
- Stands out with top-rated iOS app (4.9), A+ BBB rating, in-person banking available, Zelle for instant transfers.
Savings Overview
Mo Premium Savings
Online Savings
Bank Overview
- HQ LocationFramingham, Massachusetts
- Founded1889
- Ratings & Trust
- Zelle® SupportAvailableVerified via website and app descriptions.
- Deposit InsuranceFDIC Insured(Cert: 26395)
Top Market Contenders
Savings Accounts: In-Depth View
Savings Accounts Offered by MutualOne Bank
| Feature | Online Savings | Mo Premium Savings |
|---|---|---|
APY | 0.40%Range: 0.37% - 0.40%Verified: 2/7/2026 | 4.07%Verified: 2/7/2026 |
APY Trend | Very StableNo rate changes in last 90 days | Very StableNo rate changes in last 90 days |
Min. Deposit | $5,000 | $20,000 |
Min. Balance | N/A | $20,000 |
Monthly Fee | $0 | $0 |
Direct Deposit | None | None |
Checking Bundle | No | No |
Branch Access | None | Yes |
Compounding | Monthly | Monthly |
FDIC Insured | Yes | Yes |
Eligibility | United States | United States |
Important | Earn 0.40% APY up to $1,000,000.01, then 0.37% APY thereafter. | - |
| Next Steps | - | - |
Calculate Savings for MutualOne Bank
Savings Breakdown
- Interest Earned+$5,791.20(14.9%)
- Total Contributions$13,000
- Initial Deposit$20,000
Projected Balance
$38,791.20
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
Last 5 Months| 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 | 148 | 148 |
High (-5m) | 0.40% | 4.07% |
Low (-5m) | 0.40% | 4.07% |
Draw-down | 0.0% | 0.0% |
Volatility (CV) | 0.000 | 0.000 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 148-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with MutualOne Bank
| Feature | Current View MutualOne Bank | Empty Slot |
|---|---|---|
| Product | - | |
APY | 4.07%Verified: 2/7/2026 | - |
APY Trend | Very StableNo rate changes in last 90 days | - |
| Min. Deposit | $20,000 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | Yes | - |
| Eligibility | United States | - |
Compounding | Monthly | - |
FDIC Insured | Yes | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare MutualOne Bank's APY of 4.07% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| MutualOne Bank vs Ally Bank | 3.30% | $0 |
| MutualOne Bank vs American Express | 3.30% | $0 |
| MutualOne Bank vs Axos Bank | 4.21% | $0 |
| MutualOne Bank vs Bank of America | 0.01% | $100 |
| MutualOne Bank vs Barclays | 4.00% | $0 |
| MutualOne Bank vs Capital One | 3.30% | $0 |
| MutualOne Bank vs Chase Bank | 0.01% | $0 |
| MutualOne Bank vs Chime | 3.00% | $0 |
| MutualOne Bank vs CIT Bank | 3.75% | $100 |
| MutualOne Bank vs Citibank | 3.20% | $0 |
| MutualOne Bank vs Discover Bank | 3.30% | $0 |
| MutualOne Bank vs EverBank | 3.90% | $0 |
| MutualOne Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| MutualOne Bank vs Newtek Bank | 4.20% | $0.01 |
| MutualOne Bank vs Openbank | 4.09% | $500 |
| MutualOne Bank vs Pibank | 4.60% | $0 |
| MutualOne Bank vs SoFi Bank | 4.00% | $0 |
| MutualOne Bank vs Synchrony Bank | 3.50% | $0 |
| MutualOne Bank vs Varo Bank | 5.00% | $0 |
| MutualOne Bank vs Wealthfront | 3.95% | $0 |
| MutualOne Bank vs Wells Fargo | 0.05% | $25 |
Alternatives to MutualOne Bank
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
Axos Bank
Axos ONE: 4.21% APY
Bundled Savings & Checking Account
Minimum Deposit: $0
Online Only
Summit Savings: 3.75% APY
Minimum Deposit: $0
Online Only
My Banking Direct
High Yield Savings Account: 4.02% APY
Minimum Deposit: $500
Online Only
Pibank
Pibank Savings: 4.60% APY
Minimum Deposit: $0
Online Only
Ivy Bank
High-Yield Savings Account: 4.00% APY
Minimum Deposit: $2,500
Online Only
Eligible States: Limited (see details)
Bread Savings
High-Yield Savings Account: 4.00% APY
Minimum Deposit: $100
Online Only
Climate First Bank
Super Duper Savings Account: 4.21% APY
Minimum Deposit: $50
LendingClub
LevelUp Savings: 4.00% APY
Minimum Deposit: $0
Online Only
Evergreen Bank Group
High-Yield Online Savings: 4.25% APY (Inactive)
Minimum Deposit: $100
Online Only
GO2bank
High Yield Savings: 4.50% APY
Bundled Savings & Checking Account
Minimum Deposit: $0
Online Only
Newtek Bank
Personal High Yield Savings: 4.20% APY
Minimum Deposit: $0.01
Online Only
Peak Bank
Envision High Yield Savings: 4.02% APY
Minimum Deposit: $100
Online Only
Colorado Federal Savings Bank
Premier Savings: 4.05% APY
Minimum Deposit: $50,000
Online Only
High Yield Savings: 4.00% APY
Minimum Deposit: $1
Online Only