MutualOne Bank vs. Upgrade
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | MutualOne BankMo Premium Savings Jan 7, 2026 | UpgradePremier Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.07% | 3.05% |
Est. Earnings | $5,000+$0 $10,000+$0 $25,000+$1,018 | $5,000+$153 $10,000+$305 $25,000+$763 |
Min Deposit | $20,000 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported | FDIC InsuredLow MinimumsGreat iOS AppGreat Android App |
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. Upgrade
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 Upgrade's 3.05% APY for its Premier Savings account, with a minimum balance of $1,000.
MutualOne Bank pays $102 more than Upgrade on a $10,000 balance after one year. MutualOne Bank pays $407, while Upgrade pays $305 - 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 3.05%)
- ✓Physical branch access (Full-service banking offices in Framingham, MA, and Natick, MA)
- ✓Fast transfers via Zelle®
Why Upgrade?
No distinct advantages found vs MutualOne Bank.
— Key Feature Differences —
Better Returns at $10,000
UpgradeUpgrade's Premier Savings earns more on smaller deposits (approx. $305 vs $0/yr).
Better Returns at $25,000
MutualOne BankMutualOne Bank's Mo Premium Savings pulls ahead with larger amounts (approx. $1018 vs $763/yr).
Best for Simplicity
MutualOne BankMutualOne Bank's Mo Premium Savings offers 4.07% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, MutualOne Bank's Mo Premium Savings pays $102 more interest on a $10,000 balance than Upgrade's Premier 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 competitive Mo Premium Savings account with a notable 4.07% APY, requiring a minimum deposit of $20,000, and has no direct deposit requirement or maintenance fees. This account is ideal for those looking to maximize returns without additional conditions. In contrast, Upgrade's Premier Savings account provides a lower APY of 3.05%, with a minimum deposit of $1,000, also featuring no direct deposit requirement. While Upgrade's account may be more accessible for smaller deposits, MutualOne Bank's offering stands out for higher returns on larger balances.
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. Upgrade Savings Calculator
You earn $204 more with MutualOne Bank than Upgrade 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
Upgrade
Premier Savings
Savings Breakdown
- Interest Earned+$610.00(3.0%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,610.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | MutualOne Bank | Upgrade |
|---|---|---|
| APY | 4.07% Verified: 1/7/2026 Stable (90d) | 3.05% Verified: 1/7/2026 ↘︎ 0.37%90d Change |
| Product Name | Mo Premium Savings | Premier Savings |
| Minimum Deposit | $20,000 | $0 |
| Min. Balance for APY | $20,000 | $1,000 |
| 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 | iOS4.9 Android4.5 |
| 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 Upgrade Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | MutualOne Bank | Upgrade | |
|---|---|---|---|
| Online Savings | Mo Premium Savings | Premier Savings | |
Current APY | 0.40% | 4.07% | 3.05% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -0.0 | -18.5 |
Days Since Change | 114 | 114 | 67 |
4-Month High | 0.40% | 4.07% | 4.02% |
4-Month Low | 0.40% | 4.07% | 3.05% |
Adjustments / Mo | 0.00 | 0.00 | 0.51 |
Volatility Score | 0.000 | 0.000 | 0.077 |
How to read these metrics(Click to expand)
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