Available to those in Illinois, Mutual Federal Bank offers competitive rates of 0.15% to 2.12% APY on CD terms from 3-months to 60-months. Mutual Federal Bank CDs has a minimum opening deposit of $500 and no monthly fees. I would recommend going with the 60 month CD with an 2.12% APY as it is currently the highest that they have. If you live in Illinois, Mutual Federal Bank is a good way to grow your money with the abundant amount of CD rates that they offer. You get everything you expect from a traditional bank and more!
Editor’s Note: Mutual Federal Bank currently has a top rated nationwide rate for their 12 months CD. With only a $500 minimum opening deposit you can get a 1.71% APY for 12 months! The ease of opening an account with Mutual Federal Bank along with top rated CDs is a great reason to join! The CDs below reflect the current top nationwide CDs that Mutual Federal Bank has to offer.
- 1.71% 12-month CD
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Mutual Federal Bank CD Info:
- Apply Now
- Account Type: Mutual Federal Bank Account
- APY Rate: 0.15% to 2.12%
- Availability: Nationwide
- Locations: IL (locator)
- CD Length: 6 Months to 48 Months
- Credit Inquiry: Hard Pull or Soft Pull? Let us know.
- Minimum Opening Deposit Requirement: $500
- Additional Requirements: None Listed
- Auto-Renewal: None Listed
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Mutual Federal Bank CD Terms:
- 0.15% APY for a 3 Month CD
- 0.20% APY for a 6 Month CD
- 0.35% APY for a 9 Month CD
- 1.71% APY for a 12 Month CD
- 1.73% APY for a 18 Month CD
- 1.77% APY for a 24 Month CD
- 1.82% APY for a 30 Month CD
- 1.97% APY for a 36 Month CD
- 2.02% APY for a 48 Month CD
- 2.12% APY for a 60 Month CD
- *The above rates are accurate as of 11/02/2017
Why You Should Apply for This Account:
Peace of Mind: No hidden fees. No maintenance fees.
Competitive 60 Month CD Rate: With a current online CD of 2.12% APY.
Top rated 12 Month Nationwide CD: One of the top nationwide CDs with a 1.71% APY.
FDIC Insured: Mutual Federal Bank is insured by the Federal Deposit Insurance Corporation.
Bottom Line:
Mutual Federal Bank’s online CD’s maximize your earnings. To join Mutual Federal Bank and gain access to its great rates all you have to do is, have a minimum opening deposit of $500 in order to get a rate of up to 2.12% APY with a 12 month CD rate. By joining Mutual Federal Bank you get to enjoy from the joys of growing your money, as well as being FDIC insured for up to $250,000. Knowing that they have a good heart and are community focused lets you know that this is the right bank for you. Doesn’t accommodate your needs? If you’re looking to invest with a different bank or credit union, you can find more of the Best CD Rates in the country from the HMB list!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
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