Mutual Bank 3.5% 16 Month CD

Mutual Bank is offering a promotional 3.5% APY 16 month CD. The minimum deposit for this rate is $2,500. DollarSavingsDirect used to have a 3.5% 16 month certificate of deposit, but recently cut the rate to 3.25% as well as cutting their savings rate to 3.5%. If you have a CD expiring with DollarSavingsDirect, you might want to switch over to a Mutual Bank CD to keep the same rate.

CDs at Mutual Bank are compounded and credited on a monthly basis, are available nationally, don’t require a hard credit pull, and have a 90 days’ interest early withdrawal penalty.

Mutual Bank’s branches are located in Illinois, Texas, New York and New Jersey. Mutual Bank has a low soundness rating at bankrate with 1 star, so as always I recommend you stay below the FDIC insured limit.

Related posts:

1. US Bank 4% 59 Month CD
2. Regions Bank 3.25% 39 Month CD
3. Dime Savings Bank 10 Month CD
4. DollarSavingsDirect 4.00% 16-Month CD
5. Royal Asian Bank 3% 17 Month CD in NJ, NY and PA
6. Amalgamated Bank 2.90% 15 Month CD
7. Dollar Savings Direct 2.25% 16 Month CD

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