MutualOne Bank vs. Sallie Mae Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | MutualOne BankMo Premium Savings Jan 7, 2026 | Sallie Mae BankHigh-Yield Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 4.07% | 3.90% |
Est. Earnings | $5,000+$0 $10,000+$0 $25,000+$1,018 | $5,000+$195 $10,000+$390 $25,000+$975 |
Min Deposit | $20,000 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported | FDIC InsuredNo Minimums |
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 MutualOne Bank vs. Sallie Mae Bank
As of MutualOne Bank offers an APY of 4.07% for its Mo Premium Savings account, with a minimum balance of $20,000, compared to Sallie Mae Bank's 3.90% APY for its High-Yield Savings Account, with a minimum balance of $0.
MutualOne Bank pays $17 more than Sallie Mae Bank on a $10,000 balance after one year. MutualOne Bank pays $407, while Sallie Mae Bank pays $390 - 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 MutualOne Bank?
- ✓Higher potential APY (4.07% vs 3.90%)
- ✓Physical branch access (Full-service banking offices in Framingham, MA, and Natick, MA)
- ✓Higher rated iOS app (4.9 vs 1.5)
- ✓Higher rated Android app (4.4 vs 1.6)
- ✓Fast transfers via Zelle®
Why Sallie Mae Bank?
No distinct advantages found vs MutualOne Bank.
— Key Feature Differences —
Better Returns at $10,000
Sallie Mae BankSallie Mae Bank's High-Yield Savings Account earns more on smaller deposits (approx. $390 vs $0/yr).
Better Returns at $25,000
MutualOne BankMutualOne Bank's Mo Premium Savings pulls ahead with larger amounts (approx. $1018 vs $975/yr).
Best Mobile App Experience
MutualOne BankMutualOne Bank offers an iOS app rated 4.9 (vs. 1.5) and Android app rated 4.4 (vs. 1.6)
Shared Benefits
Over a 1-year period, MutualOne Bank's Mo Premium Savings pays $17 more interest on a $10,000 balance than Sallie Mae Bank's High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
MutualOne Bank's Mo Premium Savings account offers a competitive APY of 4.07%, making it the top choice for savers with a minimum deposit of $20,000. In contrast, Sallie Mae Bank's High-Yield Savings Account provides a solid APY of 3.90% with no minimum deposit requirement, appealing to those looking for flexibility. Both accounts have no maintenance fees and do not require direct deposit. However, MutualOne Bank's account is better for larger deposits, while Sallie Mae Bank's account is advantageous for smaller amounts. Both banks operate online only, providing convenient access to their services.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
MutualOne Bank vs. Sallie Mae Bank Savings Calculator
You earn $34 more with MutualOne Bank than Sallie Mae 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.
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
Sallie Mae Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$780.00(3.8%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,780.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | MutualOne Bank | Sallie Mae Bank |
|---|---|---|
| APY | 4.07% Verified: 1/7/2026 Stable (90d) | 3.90% Verified: 1/7/2026 Stable (90d) |
| Product Name | Mo Premium Savings | High-Yield Savings Account |
| Minimum Deposit | $20,000 | $0 |
| Min. Balance for APY | $20,000 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.4 | iOS1.5 Android1.6 |
| Zelle® Support | Available Verified via website and app descriptions. | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at MutualOne Bank Non-sponsored link to official site | Visit SiteVerify at Sallie Mae Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | MutualOne Bank | Sallie Mae Bank | |
|---|---|---|---|
| Online Savings | Mo Premium Savings | High-Yield Savings Account | |
Current APY | 0.40% | 4.07% | 3.90% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -0.0 | 0.0 |
Days Since Change | 114 | 114 | 114 |
4-Month High | 0.40% | 4.07% | 3.90% |
4-Month Low | 0.40% | 4.07% | 3.90% |
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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