Mutual Bank (Chicago, IL) increases Deposit Rates
October 12, 2007
Mutual Bank is a 40-year old bank based in Chicago, Illinois. Through their website www.mutualbanking.com this banks has been offering excellent CD rates and money market rates for over one year now. This week Mutual Bank bucked the trend of banks lowering rates and has increased their 1-year CD rate to 5.75%. Current deposit rates at Mutual Bank are:
Money Market - 4.60% APY ($5,000 minimum)
1-year CD - 5.75% APY ($1,000 minimum)
2-year CD - 5.20% APY ($1,000 minimum)
3-year CD - 5.30% APY ($1,000 minimum)
New customers can apply online here.
