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Money Market Accounts

Here's to you: The steady saver. With a Mutual Bank Money Market account, you'll earn competitive interest rates and still be able to access your funds – even if smart savers like you rarely do.

Discover the benefits of a Money Market account:

  • Competitive rates
  • Full liquidity
  • No risk of loss of principal
  • All deposits fully insured

Resources:  
Deposit Rates  |  Deposit Account Terms & Conditions

Choose from these great options:

Money Market: Make the most of your money while maintaining liquidity. Open this account with at least $1,000 for a variable tiered rate.

High Yield Money Market: Get a higher interest rate for higher balances.

Leader Money Market: Your rate is a true market rate, varying to keep pace with the Federal Funds Rate.* Open this flexible account with $1,000** and add to it as often as you want. Get peace of mind knowing your funds are guaranteed against loss of principal.

Open a Money Market account online today.

Open an Account

Open a Leader Money Market account online today.

Open an Account

Contact a Money Market Specialist to open a High Yield Money Market account.

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Money Market Benefits

MONEY MARKET ACCOUNT
Minimum balance to open the account is $1,000.00.
Minimum balance to avoid fees – There is no balance requirement and no monthly service fee associated with this account.
Minimum balance to obtain the Annual Percentage Yield disclosed –You must maintain a minimum balance of $.01 in the account each day to obtain the disclosed Annual Percentage Yield.
Transaction limitations – Transfers from any money market account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more than six by check, draft, debit card, or similar order to third parties. $10.00 Regulation D Violation fee applies to applicable transactions greater than six per statement cycle.

HIGH YIELD MONEY MARKET ACCOUNT
Minimum balance to open the account is $5,000.00.
Minimum balance to avoid fees – A fixed charge of $10.00 will be applied every statement cycle if the balance in this account falls below $1,000.00 any day of the cycle.
Minimum balance to obtain the Annual Percentage Yield disclosed –You must maintain a minimum balance of $.01 in the account each day to obtain the disclosed Annual Percentage Yield.
Transaction limitations – Transfers from any money market account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more than six by check, draft, debit card, or similar order to third parties. $10.00 Regulation D Violation fee applies to applicable transactions greater than six per statement cycle.

LEADER MONEY MARKET ACCOUNT
Minimum balance to open the account is $1,000.00.
Minimum balance to avoid fees – A fixed charge of $10.00 will be applied every statement cycle if the balance in this account falls below $1,000.00 any day of the cycle.
Minimum balance to obtain the Annual Percentage Yield disclosed –You must maintain a minimum balance of $.01 in the account each day to obtain the disclosed Annual Percentage Yield.
Transaction limitations – Transfers from any money market account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more than six by check, draft, debit card, or similar order to third parties. $10.00 Regulation D Violation fee applies to applicable transactions greater than six per statement cycle.
Rate Calculation - On balances up to $100,000, the Rate may vary monthly and will be equal to the Federal Funds Rate as listed on the FRB daily data release on the 15th business day of the previous month.  On balances over $100,000, the Rate may vary daily, will not be indexed, and will be set at a rate as determined at the discretion of the Bank.

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