A certificate of deposit (CD) is a savings product offered by a bank in which a depositor (someone who has money to put into the bank) agrees to commit a certain amount of money for a set period of time, in return for a fixed rate of interest. It offers two certificates of deposit products: A six-month, no-penalty CD and a 10-month CD. With as little as $500, you can invest in a MutualOne CD account to maximize your earnings. CD terms range between 30 days and 5 years depending on the type of CD. CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Your rate can never go lower than the initial rate or the rate you have adjusted up to. Think Mutual Bank of Rochester, Minnesota, is advertising regular bank certificates of deposit, jumbo certificates of deposit and Individual Retirement Account (IRA) certificates of deposit. This is not a policy. If rates increase, you can adjust your rate up to the current rate offered for the remaining term of your CD….and you can adjust it up twice! Their CD rates are some of the highest CD rates around these days. Both pay a set interest rate that is generally higher than a regular savings account. For a complete statement of coverages and exclusions, please see the policy contract. Mutual Bank is an FDIC insured bank located in Whitman and has 531265 in assets. Insurance products are not FDIC insured, are not insured by any federal agency, and are not a deposit or guarantee of Think Mutual Bank. Certificate of Deposit & IRA Rates ... (MN license # IA-538), not Think Mutual Bank. Mutual Federal is not responsible for the content or availability of linked sites. Think Mutual Bank CD Rates. The MutualOne Bank offer also is considerably higher than the national average for long-term certificates of deposit. If you use links provided on the Mutual Federal website that redirect to a third party website, you are acknowledging that you are leaving www.mutualbancorp.com and are going to a website that is not operated by Mutual Federal, a division of First Bank Richmond. CFG Bank Lowers Online Savings Rate to 0.68% APY - Jan 13, 2021; First Foundation Bank Lowers Online Savings Rate to 0.60% APY - Jan 8, 2021; Citizens Access to Lower Online Savings Rate to 0.40% APY - Jan 6, 2021; ConnectOne Bank Lowers Its Online Savings Rate to 0.65% APY - … How to open a 5-year CD The 61-month CD is … Mutual of Omaha Bank is worth considering if you are looking for a place to park your short-term savings. Customers can open an account at one of its 9 Branches. However, the regional bank … MutualOne Bank CD Rates. Usually the longer of a term, the higher APY rate you make. Mutual Bank Customer Reviews, Frequently Asked Questions, Rates, Branches, Related Articles, and Financial Summary - 2021 Overview: TIAA Bank, part of the Fortune 100 company Teachers Insurance and Annuity Association of America, offers a wide range of Basic CDs with terms from three months to five years. Rate Protection – This 4 year certificate offers maximum protection against fluctuating interest rates. Certificates of Deposit - Branch Banks 2021. The bank's regular certificates of deposit and IRA certificates of deposit have a minimum opening deposit to $500. Jumbo certificates of deposit have a minimum opening balance of $50,000. Top CD rates. Brokered CD vs. bank CD A brokered CD is similar to a bank CD in many ways. The bank also offers a money market account.