Mutual Bank Money Market Account Rates

Posted in Banks Money Market Rates by Bankaholic
June 6, 2008 06:42 AM - 0 Comments

If you are on a look out for a good Bank in Chicago, then Mutual Bank should be your choice. It has the distinction of being the fastest growing community banks in the Chicagoland area. Product innovation, customer service with state of the art banking technology is the basis of this bank’s operations. It has a proven service record of 40 years with more than $1.5 billion in assets. It provides a range of financial services like Deposit Accounts, Commecial Loans, Real Estate Lending, Consumer Loans, Rehab Loans and Construction Loans.

The interest rates offered under Deposit Accounts are considerably high. You can grow your money by investing in Money Market Account. Its tiered feature allows you to earn higher interest rates with higher balances. The interest is credited monthly. You get free initial 40 checks.

Standard Money Market Account:
A minimum monthly balance of $500 is required.
You get to earn an APY of 1.00% under this account

@ First six withdrawals are FREE per month (Service charge of $15 for every withdrawal thereafter)
@ A service charge of $12 when the account balance falls below the monthly minimum.

Premium Unique Money Market Account:
A minimum monthly balance of $5,000 is required.

You earn 2.75% APY with a balance of $5,000 – $74,999.99.
You earn 2.75% APY with a balance of $75,000.00 – $149,999.99.
You earn 2.75% APY with a balance of $150,000.00 – $299,999.99.
You earn 2.75% APY with a balance of $300,000.00 – $499,999.99.
You earn 2.75% APY with a balance of $500,000.00 – $999,999.99.
With a balance of $1,000,000.00 & above you earn high APY which can be confirmed from the Bank or their toll free number 1-877-637-3111.
*All the above rates have been noted as on 2 June, 2008.

@ First six withdrawals are FREE per month (Service charge of $25 for every withdrawal thereafter)
@ A service charge of $25 when the account balance falls below the monthly minimum.

You may open your account now at http://www.mutualbanking.com/OpeningAccount.asp and grow yuor savings now!