Bank Mutual CD Rates
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Bank Mutual is a financial institution that is one that you can trust. The bank’s slogan is “Trust. The feeling is Mutual.” The bank has been in business for more than 117 years. The bank offers personal banking services, business banking and money management. Examples of the personal banking it offers include checking, savings, credit cards, CDs, mortgage loans, home equity loans and round the clock banking. Examples of business banking include checking, lines of credit, real estate and cash management.
Bank Mutual is a financial institution that is one that you can trust. The bank’s slogan is “Trust. The feeling is Mutual.” The bank has been in business for more than 117 years. The bank offers personal banking services, business banking and money management. Examples of the personal banking it offers include checking, savings, credit cards, CDs, mortgage loans, home equity loans and round the clock banking. Examples of business banking include checking, lines of credit, real estate and cash management. Money management takes into consideration such things as educational savings, health savings accounts, money market accounts and IRAs.
If it is savings and investing that you want at the same time then a certificate of deposit (CD) is an excellent choice for you. With a CD you can earn higher interest which makes it possible for you to reach your future financial goals even quicker! The Bank Mutual CD rates are competitive and they are worth a closer look.
A Bank Mutual CD offers fixed rates which mean that the rates are locked in for the full duration of the term. The terms range from 90 day (three months) to five years. When you open a Golden Passbook account at Bank Mutual that has a 90 day term you can make deposits at any time that you wish to.
When you wish to keep abreast of what is happening with your CD account you can either opt to access your account online or you can choose to receive a statement in the mail on a monthly or quarterly basis. The more activity that occurs in your account the more likely it is that you will want to receive a monthly statement.
The money in your CD account is insured by the insurance provided by the Federal Deposit Insurance Corporation up to the amount of $250,000 until December 31, 2013. After that date the amount covers drops to $100,000 per depositor.
Here are the current Bank Mutual CD rates (or more to the point, CD specials that were in effect as of May 21, 2010:
• 9 Month CD- 1.00% APY
• 13- 23 Month CD- 1.50% APY
• 59 Month CD- 2.10% APY
The minimum balance required to obtain the annual percentage yields (APYs) listed here for the CD specials is $25,000, up to the maximum of $100,000. It is not a good idea to even think about withdrawing all or a portion of your money out of a certificate of deposit early. If you do so then an early withdrawal fee will be imposed. Be aware that other restrictions and rules may apply as well.
Bank Mutual has 79 different locations to serve you. To learn more about the recent Bank Mutual CD rates visit the website found at http://www.bankmutual.com/.
