Personal Banking

Checking Accounts

Open a Savings Account Online

I like it like that. With MutualBank, you get exactly what you want, when you want it. Build your own checking account by choosing the products and services that fit your life and your style, and we make it work for you. This is checking how you like it - with MutualBank. We’re better together.

UChoose Checking | Open Now
Our UChoose Checking account offers you the options you want at a price you can afford. You get UChoose Loyalty Rewards and you can avoid monthly service fees. The price is dependent upon how you build your account. Let us help you build the account that fits you and your wallet.

Minimum opening deposit is $100 or $500 and monthly service fees are $6, $8 and $10 depending upon your account choices. Monthly service fees can be avoided with certain activity, services, balance requirements and/or relationship balances. UChoose Checking $6 fee can be offset by choosing two of the three following services: eStatements, monthly direct deposit or eight debit card purchases per statement cycle. Talk to a MutualBanker for complete details.

Concierge Banking
Concierge Banking is an elite product designed to offer extensive investment choices, professional monetary guidance and many value-added services that promise to enhance your MutualBank experience. We’ve joined the best of both worlds to meet not only your primary financial objectives, but also your personal banking interests, by a Concierge Banker appointed to meet your needs. We want to take care of you quickly and efficiently, at a time and place that is most convenient for you. It’s the way we do business, and it’s the way we help you live a better life. Learn more about Concierge Banking.

Our Concierge Banking account is a member’s only account. In order to be eligible qualify with at least one of following:

Annual household income in excess of $125,000.00.*
Total net worth, which may include equity in your primary residence, must be in excess of $500,000.00.*
*The CB checking account must be used as your primary checking account.

There is no minimum opening deposit for this account. Account subject to approval. Annual Membership Fees of $199, fees can be offset or avoided with relationship balances including a total of deposits and investments with MutualBank, Mutual Financial Investment Services, and MutualWealth Management Group.

Investor's Gold Money Market | Open Now

Our Investor’s Gold Money Market account will help you maximize the return on your investments without sacrificing access to your money. Whether you have defined your savings goals for the short-term or long-term, Investor’s Gold will help you reach your financial goals with competitive rates. Withdrawals or other transfers from an Investor's Gold account to another account or third parties by preauthorized, automatic, telephone, or computer transfer, are limited to six per month. You also have unlimited cash and ATM withdrawals.

Minimum opening deposit is $2,500. Monthly service fees are $8 and can be avoided by maintaining a $2,500 average minimum balance.

Second Chance Checking
An account specifically designed for those who have struggled with a past checking account where overdrafts were an issue. Stop in and let our friendly Relationship Bankers review this account with you.

Minimum opening deposit is $100. Monthly service fees are $16 per month without direct deposit or $9.50 per month with at least one direct deposit each statement cycle.

Health Savings Account | View Demo
The creation of the Health Savings Account or (HSA) has provided a new option for managing healthcare costs. HSAs are tax-advantaged investment accounts for medical expenses for participants in High Deductible Health Care Plans (HDHP). HSAs can provide significant tax benefits to eligible individuals. Not only can HSAs provide tax benefits related to paying qualified medical expenses, they may also provide benefits similar to many tax favored retirement plans.

For more information about Health Savings Account, visit our Online Education Center.

There is a $15 enrollment fee to sign up for our Health Savings Account. There are no monthly fees, no opening deposit requirement and no monthly minimum balance to maintain.

Healthy Savings

Have you ever thought about how much your prescription or doctor visits cost your employer? Many people who have a traditional insurance plan know they pay a $20 or $30 co-pay then they go about their day. But have you ever looked at the amount your company pays?

Insurance costs have skyrocketed over the past decade and companies have tried to find a way to still offer benefits to their employees. The solution has been to offer a high deductible insurance plan. These types of programs are often accompanied by something called a Health Savings Account (HSA). Simply put, a HSA is a checking account where money can be deposited and used for medical expenses. (You might have heard of a Flexible Spending Account, FSA, which is similar to a HSA, but different. FSAs require you to use your money set aside before the year ends. HSAs allow you to roll money over year after year. There are other differences as well. Learn more about HSAs through the Treasury’s website.)

So, are HSAs a good idea? Yes! HSAs make us better consumers of our health care. We look closer at a bill or prescription if we know it will come out of our pocket. We take the time to make sure if a generic medicine is just as good as a name brand, or if we truly need to go to the doctor for our sniffles.

The beauty of a health savings account is that the money grows tax free as long as we use it for qualified medical expenses. So not only are we being more proactive with and aware of our healthcare, we are being smart about our money as well!

Together, a health savings account and a smart consumer make for very healthy living!

If you have questions about your HSA or want to learn more, chat with us! Your local MutualBanker is here to help you live a better life!

Tuesday, February 21, 2012

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