Mutual Bank has again some very competitive rates on its certificates of deposits. The highest rate is a 5.47% APY CD with terms of 24 months and 36 months. The minimum deposit is $5,000. The 1-year CD is also competitive at 5.35% APY with a $2.5K minimum.

Mutual Bank has been FDIC insured since 1962. Bankrate.com’s review gives MutualBank a 3/5 star rating.