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Deal Summary

60-month CD, 1.90% APY, minimum deposit $1000, dividends paid upon maturity.

Mutual of Omaha’s Top CD Rates

Mutual of Omaha’s top CD rate is 1.90% APY. This rate is offered on the credit union’s 60-month CD with a minimum deposit of $1000. The dividends earned on this CD are paid upon maturity.

The 48-month CD is a great alternative. The account offers an 1.55% APY with a $1000 minimum deposit. This account also pays you your dividends upon maturity. It’s also a great way to save money, especially if you invest as much money as possible. 

For short-term investors the credit union offers a 12 month CD. This CD offers an annual percentage yield of 0.75%. This CD is also obtainable with a $1000 minimum deposit. Again, the CD rates here are paid upon maturity.

Mutual of Omaha offers five CDs. Each of these CDs can be opened with a $1000 minimum deposit. You are always welcome to invest more, but you don’t have to. These CD terms vary from 12 to 60-months. The APY starts at 0.75% and builds to 1.90%. Each of Mutual of Omaha’s CD accounts is subject to early withdrawal penalties.

Availability

You do not need to be a member of Mutual of Omaha to open up a CD account. However, already having an account with them would be beneficial to you as it would be easier since they already have most of your information.

Branches in Arizona

Chandler, Scottsdale, Sun City West, Oro Valley, and Tucson.

Branches in Nevada

Reno, Laughlin, Henderson, and Las Vegas.

Branches in California

San Diego

Branches in Texas

Dallas

Branches in Nebraska

Omaha

Branches in Florida

Marco Island

Branches in Hawaii

Honolulu

Bank Overview

Mutual of Omaha was founded in 1985 and has over $8 billion in assets. Their headquarters are in Omaha, Nebraska. Although Mutual of Omaha does have online banking, they don’t have online customer help. This means that if you need any help, you will either have to go in person or call them.

Mutual of Omaha offers a variety of services including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. Even better, they have a checking account that doesn’t include a monthly fee like other banks do.

In terms of fees, Mutual of Omaha charges their clients much lower fees compared to other banks. Mutual of Omaha Bank is also FDIC-insured, which means that your money is insured up to $250,000 if something were to happen to the bank

Although Mutual of Omaha is known for their insurance services, they also offer great banking services and good customer service. Most recently, CIT bank acquired Mutual of Omaha, however customer accounts remain unchanged at Mutual of Omaha.