Certificate of Deposit

Why settle for a CD when you can have a CRA! At Mutual Savings we call our certificates of deposit and savings accounts Community Reinvestment Accounts.

Community Reinvestment Account (CD)

When you invest with us you know your money will stay at home, working to make your community a better place to live and work. It will be used to finance the homes, cars and businesses of your neighbors; not transferred to a remote location to be invested in who knows what.

At Mutual Savings every single dollar of our retail deposits have been reinvested in the communities we serve. Not very many banks can say that; even locally-owned ones.

Our CDs are:

  • Competitive minimum opening deposit of $2,000   
  • Competitive interest rates   
  • Fixed terms ranging from 91 days to 5 years   
  • Our Breakeven Analysis can assist your decision making

Current Deposit Rates

Account NameMinimum DepositMin. Balance to Obtain APY  Interest Rate  APY
 Senior Preferred $ 200 N/A .05% .05%
 91 Day Certificate $ 2,000 $ 2,000 .85% .85%
 182 Day Certificate $ 2,000 $ 2,0001.00%1.00%
 1 Year Certificate $ 2,000 $ 2,000 1.29% 1.30%
 2 Year Certificate $ 2,000 $ 2,000 1.74% 1.75%
 3 Year Certificate $ 2,000 $ 2,000 1.99% 2.00%
 4 Year Certificate * (with Rate Protection)  $ 2,000 $ 2,000 1.79% 1.80%
 5 Year Certificate $ 2,000 $ 2,000 2.28%2.30%

Certificate of Deposit (CD) Service

If you provide us with the maturity dates of the CD’s you have at other financial institutions, several days before they mature, we’ll call you with our current rates.

Better yet, we’ll also provide you with the rates of our local competitors. This will eliminate you having to spend your valuable time doing it.

If you are interested, please contact our branch office nearest you, or give us a call. Click here to print out the CD Service Form and mail/bring it by your local branch.

Certificates of Deposit RatesIcon For: Rates

Term Rate APY*
91 Days .85% .85%
182 Days 1.00% 1.00%
1 Year 1.29% 1.30%
2 Year 1.74% 1.75%
3 Year 1.99% 2.00%
4 Year 1.79% 1.80%
5 Year 2.28% 2.30%
Learn More

Rates are subject to change at any time.