Mutual Federal Savings Bank, Checking Accounts

Account Name	Minimum to Open	Minimum Balance	Monthly Fees	Interest Bearing

Simply Free	$10	$0	No Fee	NO
Mutual Advantage	$10	$10,000*	$6	YES
Interest Checking	$10	$500	$8	YES
Indexed Checking	$500	$10,000**	$10	YES
Health Savings Account	$50	$0	$3	YES
Investor's Gold	$2,500	$2,500	$8**	YES
Peak Performance	$25,000	$20,000	$12**	YES

Simply Free
Simply Free is a free checking account designed to provide you with the ultimate value by combining state of the art technology and no service fees. You will maximize your convenience and savings when you take advantage of online banking, bill pay, email statements and our ATM/Debit card. Go Ahead ... It's Free!

Mutual Advantage
Mutual Advantage checking is the checking account designed for customers who want the ultimate in value and free services. As a Mutual Advantage customer, you will receive savings with waived fees and free services in addition to special offers just for you. This account also recognizes the value of your entire deposit relationship with Mutual Federal by waiving fees based on your total deposit balances including savings and certificates of deposit. Mutual Advantage rewards you, and saves you time and money. Go Ahead ... Let Us Reward You!

Interest Checking
Interest Checking offers the benefit of earning interest with a low monthly minimum balance of $500. Our Interest Checking account is easy and convenient to use and there is no monthly service charge if your balance remains above $500.

Indexed Checking
Indexed Checking offers you the best of both worlds. Enjoy the unlimited access of a checking account and the benefit of maximizing your earning potential. The interest rate for balances $10,000 and greater is tied to the Fed Funds Rate, which means you earn more as the interest rates rise. Unlike bank money market accounts, this account gives you unlimited transactions and complete ATM/Debit access. Your service fees may be waived with other deposit and loan account relationships. With Indexed Checking you earn competitive rates while enjoying complete access to your money.

Health Savings Account
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.

Investor's Gold
If you are looking for a good rate with access to your money or a temporary place for investments with at least $2,500 to deposit, this is the account for you. Interest is compounded monthly and is periodically determined by the bank. If the balance drops below $2,500, there is a monthly fee of $8. 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 with no more than three by check, draft, or similar order to third parties. You also have unlimited cash and ATM withdrawals.

Peak Performance
Peak Performance is designed to reward you for carrying a higher balance in your money market account. You will maximize your return on your investments without sacrificing access to your money. Whether you have defined your savings goals for the short-term or long-term, Peak Performance will help you reach your financial goals with competitive rates. Withdrawals or other transfers from a Peak Performance account to another account or third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per month with no more than three by check, draft, or similar order to third parties. You also have unlimited cash and ATM withdrawals.