Mutual of Omaha Bank: from insurance to online banking

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Originally known as the Mutual Benefit Health and Accident Association, the Mutual of Omaha insurance company began serving customers in Nebraska in 1909. The insurance company's venerable history adds to the reputation of Mutual of Omaha Bank, a branch of the company that first opened its doors in 2007.

Beginning with the acquisition of three community banks with 13 locations and more than $700 million in assets, Mutual of Omaha Bank today has community bank branches in 10 states, as well as online banking services for customers in all 50 states. By the end of 2012, Mutual of Omaha Bank had assets of nearly $6 billion and deposits of nearly $5 billion. The bank has grown through the acquisition of other community banks in recent years, as well as bringing in new customers through its online banking operation.

The Better Business Bureau gives Mutual of Omaha an A+ rating.

Click here to open a Mutual of Omaha Deposit Account.

Mutual of Omaha Bank checking, savings and money market accounts

Some banking products vary by state for Mutual of Omaha, but online customers throughout the nation can open checking accounts, money market accounts and savings accounts through the bank's separate website for online services. You can also apply for a credit card or mortgage through the site. All Mutual of Omaha online accounts come with free access to a national network of 22,000 ATMs.

Customers in the 10 states where Mutual of Omaha has community banks can open also open checking accounts, savings accounts, money market accounts or certificates of deposit in person, though the terms and interest rates are likely to vary from the online offerings. CDs are available with maturity dates from 30 days to five years.

Mutual of Omaha's Online Savings Account and Online Advantage Checking Account can be opened with low minimum deposits, and both allow you to earn interest if you meet the minimum balance requirement. All Mutual of Omaha bank accounts, both online and branch-based, are FDIC-insured to the maximum amount of $250,000 per depositor.

Other banking services

Mutual of Omaha offers business banking products and services, along with financial services for community and homeowner associations, at its branch locations. Customers can access in-person banking services at 49 branches in the following states: Arizona, California, Colorado, Florida, Hawaii, Iowa, Missouri, Nebraska, Nevada and Texas.

In addition, Mutual of Omaha branches offer Health Savings Accounts, IRAs, Treasury management services and credit cards. You can also apply for mortgage loans, home equity loans and lines of credit, car loans, RV loans and personal loans at these locations.

It's free to sign up for e-Statements, online banking and bill payments with Mutual of Omaha, regardless of whether you opened your account online or with a branch. In addition, the bank offers services through Popmoney, which allows person-to-person online payments, even if one party doesn't have an account with Mutual of Omaha.

For current rates and terms on Mutual of Omaha's online accounts, please review the tables below.

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