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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 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.
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.
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.
Chime Spending account
$0
38,000 fee-free ATMs nationwide
$2.50
Linked checking and savings accounts from a mobile-first bank that’s light on fees.
Citibank® Account Package
Citibank® Account Package
$0
No access to ATMs
$2.50
Earn a $400 bonus after opening new eligible checking and savings accounts and completing required activities.
Chase Premier Plus Checking
$0
Access to 16,000 ATMs and nearly 4,900 branches nationwide
$2.50
Get a $300 signup bonus as a new Chase checking customer when you open a Chase Premier Plus Checking account and set up direct deposit. Available online nationwide except in Alaska, Hawaii and Puerto Rico.
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.
TD Beyond Checking
$0
1,900 ATMs across the country and Canada
$0
A checking account that offers interest plus three ways to waive the monthly fee, two overdraft paybacks a year and no ATM fees with a $2,500 balance.
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.
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 a $200 signup bonus when you meet deposit requirements
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.
Axos Bank Essential Checking
$0
ATM fees reimbursed at any ATM nationwide
No fees. Unlimited domestic ATM fee reimbursements.
TD Convenience Checking℠
$0
1,900 ATMs across the country and Canada
$3
Offering digital wallet compatibility, free Zelle transfers, TD rate discounts and no fees for students and young adults age 17 to 23. But the $15 monthly maintenance fee could chip at your funds.
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Compare up to 4 providers

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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