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What Are Your Savings Goals?

Stacked Coins

Start Saving

Fit Savings

Designed to help build your nest egg by paying a higher interest rate on a lower balance. Get started with no minimum opening deposit and an automatic transfer from your Fit Checking. 

Stacked Money

Just The Basics

Statement Savings

This basic savings account is ideal for when you need quick access to your money. We recommend using your savings account for overdraft protection of your checking account. 


Up arrows

Higher Interest

Money Market Account

You have worked hard to build your savings, and it's time to reap the reward. With higher balances, Money Market accounts earn a higher interest rate than our basic savings account offers.


MF Health

Health Care

Health Savings Account (HSA)

An ideal account if you are enrolled in a High Deductible Health Plan and want to save for future medical expenses. This account makes the most of your money as it pays interest, and distributions are tax-free as long as you use them for qualified medical expenses.


Guaranteed Investment

Certificate of Deposit (CD)

If you are looking for a short-term investment with a guaranteed rate of return, a CD is for you. With terms ranging from 3 months to 5 years, we have something for everyone.

My Fit CD

You won't have to worry about missing out on a better rate. Make unlimited deposits for the first 24 months and get a one-time exchange on your interest rate for the term closest to the remaining term of your certificate. 

Sun and water


Individual Retirement Accounts (IRAs)

First Bank offers three types of IRA accounts - Traditional, Roth, and IRA savings - each with different tax saving advantages. 

Piggy Bank

Teach Kids to Save

Kids First Savings

A special account for children under 18, this account teaches the fundamentals of managing money. You only need $1 to open this account and there are no service fees.




Coverdell Education Savings Account

Make deposits into your Coverdell Education Savings account for future educational expenses. Contributions and earnings are tax-free when withdrawn, as long as you use them for qualified education expenses.

Money Gift

Christmas Gifts

Christmas Club

Open this account with only $1 and save all year for the holidays so you don't end up with credit card debt in January! This account pays simple interest and there are no service fees.

Ready to save?

Open an account online!



Plan ahead.


Need more help?


Frequently Asked Questions

What do I need to open an account?

When opening an account, you will be asked to provide the New Accounts Representative with two forms of ID. We require a photo ID with your current address. Should the address on your ID not match your current address, two pieces of mail with your current address will be requested. Bills and a copy of your lease are both acceptable. 

You will also need to provide basic information such as your birth date, Social Security number, phone number, and other personal information. 

All accounts with Mutual Federal require an initial deposit to open. You may transfer money from an internal account, or fund your new account with a cash or check. 

If you're opening a joint account, identification details for all owners will be required. 

All applicants will be verified through ChexSystems, a nationwide specialty consumer reporting agency under the federal Fair Credit Reporting Act (FCRA).

Do you have CD specials?

Periodically, Mutual Federal will offer special rates and terms on Certificates of Deposit (CDs). To see current rates, terms and specials, click here.

Who is eligible for a Health Savings Account?

HSAs are an increasingly popular choice for people looking to manage the rising cost of individual health care. If you are unsure as to whether or not you qualify, we suggest checking with your insurance carrier. Carriers will label their plans as HSA eligible. 

For more information about HSA eligibility and requirements, check with your tax preparer, employer, or click here for the IRS publication on HSAs.

Can I make withdrawals from my Christmas Club account before October?

Yes; however you will need to close the account which will result in a $25 penalty for early withdrawal, plus the loss of all accrued interest.

Do I have to reside locally to open a deposit account?

Mutual Federal will not accept new deposit accounts outside of our local market area unless the customer has a previous transactional account. The market area is defined as any of the counties we have a branch in or a contiguous county to a branch location.


"The bank locations are so convenient for us. The people are just the best and make you feel as if you are at home."

-Rob H.


“It’s a hometown bank with the ease of doing business.  They don’t make you feel like you’re just a number.”

-Mike L.