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  • Mutual Bank IRA CD Rates

    Mutual Bank offers 2.62%APY on its 16 Month IRA CD. This is the the bank’s highest rate so far for short-term IRA CDs. The minimum balance to open this regular CD or IRA specials is $2,500 and interest is compounded and credited monthly.

    The bank is also offering regular CD and IRA investments that requires a minimum balance of $1,000 to open an account. The rates current as of March 9, 2009 are as follows:

    • 3 month CD/IRA – 1.80%APY
    • 6 month CD/IRA – 2.09%APY
    • 12 month CD/IRA – 2.47%APY
    • 24 month CD/IRA – 2.76%APY
    • 36 month CD/IRA – 2.89%APY
    • 48 month CD/IRA – 3.08%APY
    • 60 month CD/IRA – 3.34%APY

    All CDs are FDIC insured up to the maximum amount permitted by law.

    Update 1: Mutual Bank IRA CD rates (promotional rates): 16 month CD/IRA at 2.46%APY and a 36 month CD/IRA at 2.63%APY. The minimum balance to open is still the same at $2,500.

    Update 2: Mutual Bank IRA CD rates (regular rates):

    • 3 month CD/IRA – 1.65%APY
    • 6 month CD/IRA – 1.94%APY
    • 12 month CD/IRA – 2.32%APY
    • 24 month CD/IRA – 2.36%APY
    • 48 month CD/IRA – 2.73%APY
    • 60 month CD/IRA – 3.00%APY

    The rates are down for regular CD or IRA rates. The bank also eliminated the 36 month CD/IRA on its rate update of 6/17/2009.

    Update: Mutual Bank IRA CD rates current as of July 23, 2009

    • 3 month CD/IRA – 1.33%APY
    • 6 month CD/IRA – 1.60%APY
    • 12 month CD/IRA – 1.92%APY
    • 18 month CD/IRA – 2.12%APY
    • 24 month CD/IRA – 2.32%APY
    • 36 month CD/IRA – 2.54%APY
    • 48 month CD/IRA – 2.80%APY
    • 60 month CD/IRA – 2.97%APY

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    Published on April 12, 2009 · Filed under: IRA CD Rate; Tagged as: ira cd rates
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