MutualOne Bank vs. Santander Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | MutualOne BankMo Premium Savings Jan 7, 2026 | Santander BankSantander Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.07% | 0.01% |
Est. Earnings | $5,000+$0 $10,000+$0 $25,000+$1,018 | $5,000+$1 $10,000+$1 $25,000+$3 |
Min Deposit | $20,000 | $25 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported | FDIC InsuredLow MinimumsGreat 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 MutualOne Bank vs. Santander 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 Santander Bank's 0.01% APY for its Santander Savings account, with a minimum balance of $0.
MutualOne Bank pays $406 more than Santander Bank on a $10,000 balance after one year. MutualOne Bank pays $407, while Santander Bank pays $1 - 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 0.01%)
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.4 vs 4.0)
Why Santander Bank?
No distinct advantages found vs MutualOne Bank.
— Key Feature Differences —
Better Returns at $25,000
MutualOne BankMutualOne Bank's Mo Premium Savings pulls ahead with larger amounts (approx. $1018 vs $3/yr).
Best for Simplicity
MutualOne BankMutualOne Bank's Mo Premium Savings offers 4.07% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
MutualOne BankMutualOne Bank offers an iOS app rated 4.9 (vs. 4.8) and Android app rated 4.4 (vs. 4.0)
Shared Benefits
Over a 1-year period, MutualOne Bank's Mo Premium Savings pays $406 more interest on a $10,000 balance than Santander Bank's Santander Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
MutualOne Bank offers a standout savings product, the Mo Premium Savings, with a competitive APY of 4.07%, significantly outperforming Santander Bank's Santander Savings, which has a minimal APY of 0.01%. The Mo Premium Savings requires a minimum deposit of $20,000 but has no maintenance fees or direct deposit requirements, making it an attractive option for those looking to maximize returns. In contrast, Santander's offering has a low minimum deposit of $25 but incurs a maintenance fee of $1. Overall, MutualOne Bank is the clear winner in terms of interest rates.
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. Santander Bank Savings Calculator
You earn $812 more with MutualOne Bank than Santander 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
Santander Bank
Santander Savings
Savings Breakdown
- Interest Earned+$2.00(0.0%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,002.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | MutualOne Bank | Santander Bank |
|---|---|---|
| APY | 4.07% Verified: 1/7/2026 Stable (90d) | 0.01% Verified: 1/7/2026 Stable (90d) |
| Product Name | Mo Premium Savings | Santander Savings |
| Minimum Deposit | $20,000 | $25 |
| Min. Balance for APY | $20,000 | $0 |
| Monthly Fee | $0 | $1 |
| Branch Access | Yes | Yes |
| Account Type | Online & Branches | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.4 | iOS4.8 Android4.0 |
| Zelle® Support | Available Verified via website and app descriptions. | Available Branch-based retail accounts only. |
| BBB Rating | A+ | Not Rated |
| Next Steps | Visit SiteVerify at MutualOne Bank Non-sponsored link to official site | Visit SiteVerify at Santander Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | MutualOne Bank | Santander Bank | |
|---|---|---|---|
| Online Savings | Mo Premium Savings | Santander Savings | |
Current APY | 0.40% | 4.07% | 0.01% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -0.0 | -0.1 |
Days Since Change | 114 | 114 | 110 |
4-Month High | 0.40% | 4.07% | 0.03% |
4-Month Low | 0.40% | 4.07% | 0.01% |
Adjustments / Mo | 0.00 | 0.00 | 0.26 |
Volatility Score | 0.000 | 0.000 | 0.357 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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