Educational Savings

Educational Savings


College savings that grow almost as fast as your kids.

If you had a dollar for every time someone told you how fast your kids were going to grow up, you probably wouldn’t need a school savings account. The truth is, they’ll be ready for college before you know it. We’ll work with you to help make sure you’re ready too.

Coverdell Education Savings Accounts (CESA) are tax-favored accounts created to help save for an individual’s education expenses. Distributions for qualified education expenses are federal income tax free.

Bank Mutual savings accounts include these benefits:

FDIC Insured Safety

Bank Mutual has been keeping our depositors' money safe since 1892. Deposits are insured by the FDIC up to $250,000 per depositor.

Automatic Transfers

  • We make it easy to save. You can set up automatic transfers from your checking or savings to money market account. You can also make transfers from your money market account to your other Bank Mutual accounts.

Paperless Banking

  • Access your account 24/7 with Online Banking or 'Round the Clock Telephone Banking.

  • Enroll your account in e-Statements for added convenience and safety.

Bank Mutual Deposit Account Rules