Rates subject to change. Rules and restrictions may apply. *APR may increase after one year. 12 monthly payments of $4.21 per $1,000 borrowed followed by 348 monthly payments of $4.37 per $1,000 borrowed. **APR may increase after five years. 360 monthly payments of $4.77 per $1,000 borrowed.

Special is available through September 30, 2010. Offer not available for accounts opened with money currently on deposit at Bank Mutual. Personal accounts only. Other rules and restrictions may apply. Minimum deposit to open account and obtain bonus is $100. Competitive interest is .02% Annual Percentage Yield (APY). No minimum balance required to obtain APYs. APYs are accurate as of and may change after account is opened. Fees could reduce earnings on these accounts. A monthly service charge is associated with ULTIMATE Checking accounts. 15 signature-based CheckCard transactions are required to avoid a monthly service charge with Premium Interest accounts. Customer must qualify for bonus by: (a) completing 5 CheckCard transactions and enrolling in e-Statements and Online Banking; or (b) completing a direct deposit. Bonus will then be credited when claimed by customer in person. Bonus must be qualified for and claimed within 60 days. $50 charge if account is closed within six months. Bonus will be reported as interest on 1099-INT. Limit of one $50 bonus per household.

*Maximum 75%loan to value. First lien only.120 payments of $10.48 per $1,000 borrowed. Automatic payment from a Bank Mutual deposit account is required. $25,000 minimum loan. Existing Bank Mutual loans are eligible only with $25,000 additional advance. A prepayment fee of $400 will be charged if the loan is prepaid in full in the first 3 years. Mortgage Registration Tax Fees for loans on Minnesota properties, Brokers Price Opinion and title insurance, if required, are additional charges. Longer term fixed rate loans are available. This special is subject to change at any time. Other restrictions may apply.