Carver Bank vs. MutualOne Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Carver BankHigh Yield Savings Jan 7, 2026 | MutualOne BankMo Premium Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.00% | 4.07% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$0 $10,000+$0 $25,000+$1,018 |
Min Deposit | $5,000 | $20,000 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing Carver Bank vs. MutualOne Bank
As of Carver Bank offers an APY of 4.00% for its High Yield Savings account, with a minimum balance of $5,000, compared to MutualOne Bank's 4.07% APY for its Mo Premium Savings account, with a minimum balance of $20,000.
MutualOne Bank pays $7 more than Carver Bank on a $10,000 balance after one year. Carver Bank pays $400, while MutualOne Bank pays $407 - an APY advantage for MutualOne Bank.
In addition, MutualOne Bank also offers 0.40% APY for the Online Savings account, with a minimum balance of 0.
Why Carver Bank?
No distinct advantages found vs MutualOne Bank.
Why MutualOne Bank?
- ✓Physical branch access (Full-service banking offices in Framingham, MA, and Natick, MA)
— Key Feature Differences —
Better Returns at $10,000
Carver BankCarver Bank's High Yield Savings earns more on smaller deposits (approx. $400 vs $0/yr).
Shared Benefits
Over a 1-year period, MutualOne Bank's Mo Premium Savings pays $7 more interest on a $10,000 balance than Carver Bank's High Yield Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Carver Bank offers a High Yield Savings account with a competitive APY of 4.00%, making it an attractive option for those with a minimum deposit of $5,000. This account is online-only and does not require direct deposit. In comparison, MutualOne Bank's Mo Premium Savings account provides a slightly higher APY of 4.07%, but requires a higher minimum deposit of $20,000. Both banks have no maintenance fees as long as the minimum balance is maintained. For those looking for a lower yield, MutualOne also offers an Online Savings account with an APY of 0.40% for deposits up to $1,000,000.01.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
Carver Bank vs. MutualOne Bank Savings Calculator
You earn $14 more with MutualOne Bank than Carver Bank on a $20,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Carver Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$800.00(3.8%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,800.00
MutualOne Bank
Mo Premium Savings
Savings Breakdown
- Interest Earned+$814.00(3.9%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,814.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Carver Bank | MutualOne Bank |
|---|---|---|
| APY | 4.00% Verified: 1/7/2026 Stable (90d) | 4.07% Verified: 1/7/2026 Stable (90d) |
| Product Name | High Yield Savings | Mo Premium Savings |
| Minimum Deposit | $5,000 | $20,000 |
| Min. Balance for APY | $5,000 | $20,000 |
| Monthly Fee | $0, of minimum balance requirement met. Otherwise $6. | $0 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.5 | iOS4.9 Android4.4 |
| Zelle® Support | Available Full native integration in digital banking. | Available Verified via website and app descriptions. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Carver Bank Non-sponsored link to official site | Visit SiteVerify at MutualOne Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Carver Bank | MutualOne Bank | |
|---|---|---|---|
| High Yield Savings | Online Savings | Mo Premium Savings | |
Current APY | 4.00% | 0.40% | 4.07% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | 0.0 | -0.0 |
Days Since Change | 114 | 114 | 114 |
4-Month High | 4.00% | 0.40% | 4.07% |
4-Month Low | 4.00% | 0.40% | 4.07% |
Adjustments / Mo | 0.00 | 0.00 | 0.00 |
Volatility Score | 0.000 | 0.000 | 0.000 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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