Online Account Opening

Available now at Mutual Federal.


What Are You Saving For?

Stacked Money

The Basics

Statement Savings

The Statement Savings Account is a great way to save and earn interest for that special vacation, new car, home improvement, or any unexpected expenses. 

We recommend using your savings account as overdraft protection of your checking account.


Investment Income

Certificate of Deposit (CD)

A CD may be right for you if you're looking for a short-term investment with a guaranteed rate of return. With terms ranging from 3 months to 5 years, we are sure to have something to fit your needs.


Piggy Bank

Child's Future

 Minor Savings Account

Teach your children how to save for special items on their wish list. This savings account is also a great way for mom and dad to save for their children's college, new car, or anything else they might need in the future.


Sun and water


Individual Retirement Accounts (IRAs)

Mutual Federal offers Traditional, Roth, and IRA savings - each with different tax saving advantages. 


Health Care

Health Savings Account (HSA)

Do you want to save for future medical expenses but have a High Deductible Health Plan? A Health Savings Account is right for you. 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.

Money Gift

The Holidays

Christmas Club Account

Open a Christmas Club for only $10 and take the stress out of holiday shopping by saving all year long. With no service fees and simple interest, you'll be able to make the most of your budget and help avoid those January credit card bills. 


"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.

Need 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.