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 3.82% APY with a $20,000 minimum deposit. A minimum balance of $20,000 is required to earn this rate.
At 3.82% APY, MutualOne Bank pays 10x the national average (0.38%). Ranks in the top tier of 98+ accounts tracked.
MutualOne Bank also offers Online Savings at 0.40% APY — with a balance cap.
Ideal User Profile
- Best for: simple saving without extra requirements, 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
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.10% APY.
Bank Overview
- HQ LocationFramingham, Massachusetts
- Founded1889
- Ratings & Trust
- Zelle® SupportAvailableVerified via website and app descriptions.
- Deposit InsuranceFDIC Insured(Cert: 26395)
Savings Accounts: In-Depth View
Savings Accounts Offered by MutualOne Bank
| Feature | Mo Premium Savings | Online Savings |
|---|---|---|
APY | 3.82%Verified: 5/8/2026 | 0.40%Range: 0.37% - 0.40%Verified: 5/8/2026 |
APY Trend | Rate Adjusted -0.25% Since 30 days ago | Very StableNo rate changes in last 90 days |
Min. Deposit | $20,000 | $5,000 |
Min. Balance | $20,000 | N/A |
Monthly Fee | $0 | $0 |
Direct Deposit | None | None |
Checking Bundle | No | No |
Branch Access | Yes | None |
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+$5,411.10(14.1%)
- Total Contributions$13,000
- Initial Deposit$20,000
Projected Balance
$38,411.10
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 8 Months| Metric | Online Savings | Mo Premium Savings |
|---|---|---|
Latest APY | 0.40% | 3.82% |
Trend | Sideways | Sideways |
Slope (bps/mo) | -0.0 | -1.4 |
Rate Changes / Mo | 0.00 | 0.13 |
Days Since Last Change | 238 | 16 |
High (-8m) | 0.40% | 4.07% |
Low (-8m) | 0.40% | 3.82% |
Draw-down | 0.0% | -6.1% |
Volatility (CV) | 0.000 | 0.016 |
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 238-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 | 3.82%Verified: 5/8/2026 | - |
APY Trend | Rate Adjusted -0.25% Since 30 days ago | - |
| 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 | - | - |
Alternatives to MutualOne Bank
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
Newtek Bank
Personal High Yield Savings: 4.20% APY
Minimum Deposit: $0.01
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Colorado Federal Savings Bank
High Yield Savings: 3.80% APY
Minimum Deposit: $1
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Premier Savings: 3.85% APY
Minimum Deposit: $50,000
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Varo Bank
High-Yield Savings Account: 5.00% APY
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Minimum Deposit: $0
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Direct Deposit: Min. $1,000/month
Jenius Bank
Jenius Savings: 4.05% APY (Inactive)
Minimum Deposit: $0
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Bread Savings
High-Yield Savings Account: 4.00% APY
Minimum Deposit: $100
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High Plains Bank
High Yield Savings Account: 3.82% APY
Minimum Deposit: $25
Elevault
High Yield Savings Account: 4.34% APY
Minimum Deposit: $0
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SoFi Bank
SoFi Savings: 4.00% APY
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Minimum Deposit: $0
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Forbright Bank
Growth Savings: 3.85% APY
Minimum Deposit: $0
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Bright Savings: 3.46% APY
Minimum Deposit: $250
Eligible States: Limited (see details)
Sprout Savings: 3.46% APY
Minimum Deposit: $1
Eligible States: Limited (see details)
Western Alliance Bank
High-Yield Savings Premier: 3.80% APY
Minimum Deposit: $500
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Carver Bank
High Yield Savings: 4.00% APY
Minimum Deposit: $5,000
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Presidential Bank
Advantage Savings: 3.75% APY
Bundled Savings & Checking Account
Minimum Deposit: $5,000
Direct Deposit: To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.