Mutual of Omaha Bank Introduces Indexed Money Market Account Option for Individuals Businesses

Contact: Andy Halperin
(402) 351-2903
andy.halperin@mutualofomaha.com
April 4, 2011

FOR IMMEDIATE RELEASE:

Mutual of Omaha Bank Introduces Indexed Money Market Account Option for Individuals, Businesses

New Savings Solution Offers Competitive Return Based on Wall Street Journal Prime Rate Individuals and businesses looking to earn a competitive market-based rate of return on their savings now have a new option from Mutual of Omaha Bank. Beginning April 4, the bank is introducing an Indexed Money Market Account for personal banking and business banking customers at all of its full-service community bank locations in Arizona, California, Colorado, Florida, Nebraska, Nevada and Texas.

 

The Indexed Money Market Account offers a rate of return set as a percentage of the Wall Street Journal (WSJ) Prime Rate – a commonly used, short-term interest rate, also referred to as the National, Fed or U.S. Prime rate. The rate for the bank’s Indexed Money Market Account will be reset on the first business day of each month, based on the average effective WSJ Prime Rate during the previous month.


A version of the Indexed Money Market Account is now available for both individual customers, as well as business clients. The opening balance requirement is $10,000 on both account options.


“In today’s interest rate environment, we feel it’s more important than ever to offer our customers multiple options to meet their savings goals,” said Kevin Hale, executive vice president of community banking. “Our Index Money Market Account will empower both individuals and businesses to earn a highly competitive rate of return that will keep their savings in sync with current market conditions.”


For more information about Mutual of Omaha Bank’s Indexed Money Market Account, customers can call (866) 351-5646 or visit www.mutualofomahabank.com.


Mutual of Omaha Bank is a full-service bank providing financial solutions to individuals and businesses in communities across the United States. With more than $5 billion in assets, Mutual of Omaha Bank operates a network of community banks and offices in Arizona, California, Colorado, Florida, Iowa, Kansas, Nebraska, Nevada and Texas. Through its Community Association Banking operation, Mutual of Omaha Bank is dedicated to serving property management companies in all 50 states. It is a subsidiary of Mutual of Omaha, a leading insurance and financial services company since 1909. Mutual of Omaha is ranked among the Fortune 500 with more than $26 billion in total assets and high ratings from leading ratings agencies. For more information about Mutual of Omaha Bank, visit www.mutualofomahabank.com.