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It's as Easy as 1-2-3
- Apply for a Grow Local account using the promo code "ASSABET"
- Once approved, fund your account with at least $1,000 (the minimum opening deposit for our CDs)
- Request a 12-month Local Impact CD and sign the Pledge Agreement that designates your funds as collateral for Assabet Co-op Market
Competitive Interest Without Hidden Fees
Supporting the Assabet Co-op Market can also be good for your wallet
Earn 4.00% APY14 on a 12-month Local Impact CD
While you support your favorite co-op, earn competitive returns. It's enough to Grow Your Change.
No Surprise Fees
No start-up fees, no monthly fees, and easy-to-understand early withdrawal terms.5 Straightforward and simple.
Safe & sound
FDIC insurance on all balances up to $250,000,4 industry-grade data encryption, multi-factor authentication - and all the other security features you expect from anyone handling your hard-earned savings.
To open a Local Impact CD, start by applying for and funding a Grow Local account.
You'll Love Our Grow Local Accounts Too
Our High-Yield Cash accounts combine the best of checking and savings accounts into one
Up to 3.05% APY1
Grow your change with market-leading interest.
No Surprise Fees
No monthly maintenance fees and a $0.01 daily minimum balance.5
Your Money on your terms
Unlimited free bank transfers, mobile check deposit, and free ATM access.11
Safe & Insured
FDIC insurance up to $250,000 - with more coverage available by request.4
Summer Farm Dividend
Our Summer Farm Dividend supports local food by putting $100 in your pocket.6
If That Wasn't Enough...
fund positive and lasting change in our regional food system
Your Money Can Sleep Soundly
Your dollars fund loans that support positive and lasting change in our local food ecosystem. Finally align your finances with your values.
"MUTUAL" MEANS COOPERATIVE
We're the first new mutual nationwide in 50 years - a cooperative structure that holds us accountable to our long-term commitments.
Partner Perks
Earn 10% cashback when you use your Walden Mutual debit card at the Assabet Co-Op Market - and lots of other Walden Mutual partner businesses.
Timeless Values, Modern Digital Banking
Easy-to-use digital tools allow you to manage your dollars from anywhere.
Apply for an account in minutes
Apply for an account online in 5 minutes or less using your phone, tablet, or desktop browser.
Simple & Fast Transfers
Link your existing bank accounts just by logging in, and then seamlessly transfer funds.
Easily deposit checks
Use your phone camera to deposit checks in seconds without the hassle of leaving your home.
Some Fine Print
- The minimum opening deposit for all our Local Impact CDs is $1,000, and the maximum amount allowed for this program is $25,000.
- As part of the CD opening process, you'll sign a pledge agreement. In signing, you're confirming your understanding that the CD is pledged as collateral for Walden Mutual's loan to the Assabet Co-op Market. In the event of a default (where the Assabet Co-op Market is unable to repay the loan), you are at risk of loss in value.
- All of our Local Impact CDs are set to automatically renew at maturity on the same term. When your 12-month Local Impact CD is approaching maturity, you'll receive a paper notice in the mail that will provide you options - including withdrawing your funds or changing the term of your Local Impact CD. If you take no action, your Local Impact CD will automatically renew on a 12-month term.
- This program is available for a limited time, and will close as of June 30th, 2025.
See what we've got cooking.
Join our waitlist for early access to our accounts and behind-the-scenes updates.
