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Mutual of Omaha Bank products: Savings, Checking, and CDs

Offers a variety of checking, savings and CDs, but you could get better interest rates elsewhere.

Updated

Mutual of Omaha Bank
Mutual of Omaha Bank offers interest-bearing checking and savings accounts for online and in-person management. But potential interest is minimal and most banking products are only available in nine states.

What banking products does Mutual of Omaha Bank offer?

With a wide selection of free online banking, Mutual of Omaha Bank offers personal and business accounts:

Why should I open an account at Mutual of Omaha Bank?

Offering a comprehensive selection of services and a full menu of account types, Mutual of Omaha Bank is well positioned for online banking. Perks include:

  • Minimal fees. Avoid monthly fees on most checking, savings, money market and CD accounts with a minimum balance.
  • Interest for checking. Mutual of Omaha offers interest on most checking accounts.
  • Extensive ATM Network. For making deposits and withdrawals from checking and savings accounts.

What should I look out for?

While Mutual of Omaha offers a comprehensive selection of products, it has its disadvantages.

  • Limited branches. Branches are only available in nine states — Arizona, California, Colorado, Florida, Hawaii, Kansas, Nebraska, Nevada and Texas.
  • Must open an account in person. If you live outside of the nine states it serves, you’re limited to the Advantage Checking account, Money Market account and CDs.
  • Low interest rates. Yields for business and personal interest-bearing checking are nominal compared to other banks, and savings accounts require high minimums to earn interest.

Compare Mutual of Omaha Bank to the competition

Name Product Minimum deposit to open ATMs Out-of-network ATM fee
HSBC Premier Checking
$1
Free to use at all ATMs in the US
$0
Get a 3% cash bonus, up to $600 (max. $100 per month) during first six months after account opening. Must open HSBC Premier checking account through offer page by September 30, 2020, and set up qualifying direct deposits into the new account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
BBVA Online Checking
$25
No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
$3
A full-service account with convenient, surcharge-free access to two massive ATM networks, plus up to a $250 signup bonus when you meet deposit requirements
Axos Bank Essential Checking
$0
ATM fees reimbursed at any ATM nationwide
No fees. Unlimited domestic ATM fee reimbursements.
Axos Bank Rewards Checking
$50
ATM fees reimbursed at any ATM nationwide
$0
Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management.
Aspiration Spend & Save Account
$10
55,000 free in-network ATMs
$0
Deposits are fossil fuel-free. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC.
N26
N26
$0
Fee-free ATM withdrawals at Allpoint ATMs
$0
A digital bank account with no hidden fees, no minimum account balance and no maintenance charges.
Chime Spending account
$0
38,000 fee-free ATMs nationwide
$2.50
Get rid of fees with this mobile-first bank offering consumer-friendly accounts. Chime can also help you save easily and access your paycheck faster.
Chase Total Checking
$0
Access to 16,000 ATMs and nearly 4,900 branches nationwide
$2.50
Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. Chase's simplest checking account is easy to use and gives you access to 16,000 ATMs and nearly 4,900 branches. Available online nationwide except in Alaska, Hawaii and Puerto Rico.
HSBC Advance Checking
$0
Surcharge-free HSBC ATMs nationally and internationally, plus up to four rebates a month for using non-HSBC ATMs in all US states except New York
Get up to $270 (max. $50 per month) for eligible new customers who open an HSBC Advance checking account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
NorthOne Business Banking
$50
More than 300,000 ATMs across America.

$0
A digital bank account featuring free cash deposits, on-demand customer support and streamlined bookkeeping integrations.
BBVA Free Checking
$25
1,000 fee-free ATMs across the country
$3
Pay a $0 monthly service charge and get free access to BBVA ATMs.
SoFi Money
$0
$0
SoFi Money® is a cash management account that charges no account fees to save, spend, and earn cash back rewards when you spend on brands you love.
Nationwide Advantage checking
$50
Access to over 80,000 ATMs nationwide
This account offers Nationwide highest interest rate – up to 0.90 APY. Plus, no overdraft or non-sufficient funds fees.
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Mutual of Omaha Bank customer service

Customer Service provides direct numbers to contact the appropriate department and are available weekdays from 7 a.m. to 7 p.m. CST. The website doesn’t offer a chat option and emails are general inquiry only.

  • Individuals: 866-351-5646s
  • Businesses: 866-688-7957s
  • Community Associations: 866-800-4656s
  • Business Credit Card Services: 866-552-8855s
  • Personal Lost or Stolen Debit Card: 866-558-3424s
  • Mortgage Services: 877-471-7896s
  • Email: Bank.CustomerService@mutualofomahabank.coms
  • Mail: Mutual of Omaha Bank, 1299 Farnam Street – Suite 1400, Omaha, NE 68102s

Bottom Line

Mutual of Omaha Bank offers a comprehensive suite of financial services for individuals and businesses. But most products are only available in nine states and its interest rates are lower compared to other banks. If high-yield accounts are what you’re after, shop around for stronger rates.

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