Chime vs. MutualOne Bank
Comparing Chime and MutualOne Bank for high-yield savings: Chime's Chime High-Yield Savings Account pays 3.00% APY while MutualOne Bank's Mo Premium Savings pays 4.07% APY.
Note: Chime requires a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Chime pays $300 more than MutualOne Bank annually ($300 vs $0).
Choose Chime if getting the best rate matters most. Choose MutualOne Bank if you want a no-strings-attached account, you value in-person banking, or you want Zelle for quick transfers.
Important Considerations
Chime requires a checking account to unlock its top savings rate, while MutualOne Bank offers its savings account standalone.
| Metric | ChimeChime High-Yield Savings Account Feb 21, 2026 | MutualOne BankMo Premium Savings Feb 21, 2026 |
|---|---|---|
| APY | 0.75% - 3.00% | 4.07% |
Est. Earnings | $5,000+$150 $10,000+$300 $25,000+$750 | $5,000+$0 $10,000+$0 $25,000+$1,018 |
Min Deposit | $0 | $20,000 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDirect Deposit ReqChecking BundleDaily CompoundingRate Changes Often | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedStable Rate |
Comparison Analysis
Comparing Chime vs. MutualOne Bank
Executive Summary
MutualOne Bank's Mo Premium Savings account stands out with a competitive APY of 4.07%, offering better returns for larger deposits, particularly at $25,000. This account does not require a direct deposit or a checking account, making it accessible for those who prefer simplicity. In comparison, Chime's High-Yield Savings Account offers a lower APY of 3.00%, but it does require a qualifying direct deposit of $200 or more within the preceding 34 days and is available only online. While Chime's account is beneficial for customers who bundle it with a checking account, MutualOne's offering is superior for higher yield without additional requirements.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Chime?
- ✓Higher rated Android app (4.8 vs 4.4)
Why MutualOne Bank?
- ✓Higher potential APY (4.07% vs 3.00%)
- ✓No checking account or direct deposit required
- ✓Physical branch access (Full-service banking offices in Framingham, MA, and Natick, MA)
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
ChimeChime's Chime High-Yield Savings Account earns more on smaller deposits (approx. $300 vs $0/yr).
Better Returns at $25,000
MutualOne BankMutualOne Bank's Mo Premium Savings pulls ahead with larger amounts (approx. $1018 vs $750/yr).
Best for Simplicity
MutualOne BankMutualOne Bank's Mo Premium Savings offers 4.07% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
ChimeChime's Chime High-Yield Savings Account pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, MutualOne Bank's Mo Premium Savings pays $107 more interest on a $10,000 balance than Chime's Chime High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
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Top Market Contenders
Chime vs. MutualOne Bank Savings Calculator
You earn $214 more with MutualOne Bank than Chime 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.
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$600.00(2.9%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,600.00
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 | Chime | MutualOne Bank |
|---|---|---|
| APY | 3.00% Range: 0.75% - 3.00% Verified: 2/21/2026 ↘︎ 0.50%90d Change | 4.07% Verified: 2/21/2026 Stable (90d) |
| Product Name | Chime High-Yield Savings Account | Mo Premium Savings |
| Minimum Deposit | $0 | $20,000 |
| Min. Balance for APY | $0.01 | $20,000 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Monthly |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | N/A | Full-service banking offices in Framingham, MA, and Natick, MA |
| Direct Deposit Req. | RequiredYou need to receive a qualifying direct deposit of $200 or more within the preceding 34 days | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC Insured | Yes | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Verified via website and app descriptions. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Chime 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 | Chime | MutualOne Bank | |
|---|---|---|---|
| Chime High-Yield Savings Account | Online Savings | Mo Premium Savings | |
Current APY | 3.00% | 0.40% | 4.07% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -10.4 | 0.0 | -0.0 |
Days Since Change | 22 | 162 | 162 |
5-Month High | 3.75% | 0.40% | 4.07% |
5-Month Low | 3.00% | 0.40% | 4.07% |
Adjustments / Mo | 0.37 | 0.00 | 0.00 |
Volatility Score | 0.057 | 0.000 | 0.000 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Chime's APY of 3.00% with other banks
Compare MutualOne Bank's APY of 4.07% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| MutualOne Bank vs Ally Bank | 3.20% | $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 | 3.85% | $0 |
| MutualOne Bank vs Capital One | 3.30% | $0 |
| MutualOne Bank vs Chase Bank | 0.01% | $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 |