Grow Local Accounts
One Account.
A Lot of Impact.
OPEN An ACCOUNTEarn up to 3.95% APY* on your savings while driving tangible impact in our local food and agriculture ecosystem.
The Online Savings Account You've Been Waiting For
Our Grow Local accounts fund positive and lasting change to our regional food system - paying competitive rates of interest and providing exciting food-related account benefits along the way.
![A black and white illustration of a bed with blankets and pillows atop it, shown from the perspective of someone sitting close to the foot of the bed frame.](https://cdn.prod.website-files.com/61b48000ef9d404a5b16cf3f/6335bc2b89a4a9696c55ea50_BedBWS.png)
Your Money Can Sleep Soundly
Your savings fund loans that support positive and lasting change to our local food ecosystem. Finally align your finances with your values.
![A black and white charcoal illustration of two hands, one with lighter skin and the other with darker skin, interlocked, shown from the side.](https://cdn.prod.website-files.com/61b48000ef9d404a5b16cf3f/63082529fd522b5efc71c816_handshake.png)
"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.
![A black and white charcoal illustration of a wood crate, shown at an angle from the side, filled with food goods.](https://cdn.prod.website-files.com/61b48000ef9d404a5b16cf3f/61e0f8564d0ce78ddcbf1991_produce.png)
summer FARM DIVIDEND
This summer, we'll give qualifying depositors $100 to spend at farms, farmers markets, or related businesses.1
Competitive Interest Without Hidden Fees
Social and environmental responsibility can also be good for your wallet.
![A black and white 3-dimensional illustration of a piggy bank shown from above and from an angle.](https://cdn.prod.website-files.com/61b48000ef9d404a5b16cf3f/6335bc1c564fe1ad9ee3e960_PiggyBWS.png)
Earn an extra 1%
Our flagship Grow Local accounts earn enough to Grow Your Change. Balances from $10,000 up to $100,000 earn 3.95% APY
*. Everything else earns 2.95% APY
*.
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No Surprise Fees
A $0.01 minimum balance, no monthly fees, and no surprise charges.2 Straightforward and simple.
![A logo showing the words Member and FDIC, stacked on top of each other.](https://cdn.prod.website-files.com/61b48000ef9d404a5b16cf3f/61b679e57e6c2c328f5931e0_fdic.svg)
Safe & Sound
FDIC insurance on all balances up to $250,0003, industry-grade data encryption, multi-factor authentication - and all the other security features you expect from anyone handling your hard-earned savings.
Timeless Values, Modern Digital Banking
Easy-to-use digital tools allow you to manage your savings from anywhere.
![An illustration of a vertically-oriented mobile phone, displaying the first screen of the account opening process.](https://cdn.prod.website-files.com/61b48000ef9d404a5b16cf3f/6336f6d3de1a198082d02107_DAOWatercolor.png)
Apply for an account in minutes
Apply for an account online in 5 minutes or less using your phone, tablet, or desktop browser.
![An illustration of a vertically oriented mobile phone, displaying the external transfer screen from the Walden Mutual mobile app.](https://cdn.prod.website-files.com/61b48000ef9d404a5b16cf3f/6336f6cb134c43865de89545_TransfersWatercolor.png)
Simple & Fast Transfers
Link your existing bank accounts just by logging in, and then seamlessly transfer funds.
![An illustration of a vertically-oriented mobile phone, displaying the mobile check deposit screen of the Walden Mutual mobile app.](https://cdn.prod.website-files.com/61b48000ef9d404a5b16cf3f/6336f6d4ebfe39269b2db6ea_MobileDepositWatercolor.png)
Easily deposit checks
Use your phone camera to deposit checks in seconds without the hassle of leaving your home.
Other Bells & Whistles
- Free ATM access anywhere. We'll reimburse up to $15 per month in fees assessed by ATM providers.2
- Stay in control of your finances with alerts - on balance changes, account login activity, and fund transfers
- View account statements and tax documents online and within our app
Join the WaitlistSee what we've got cooking.
Join our waitlist for early access to our accounts and behind-the-scenes updates.
* Annual percentage yield
Grow Local account rates current as of July 25th, 2024. Interest is compounded daily, posted monthly. Subject to change without notice. Tiered rates apply only to individual Grow Local accounts. Extra 1% (total of 3.95%) of annual percentage yield applies to balances $10,000-$99,999.99. Balances below ($9,999.99 and under) and above ($100,000 and more) do not qualify for the extra 1% of annual percentage yield (resulting in 2.95% APY).
1. Terms & conditions apply. See full detail here.
2. Account charges are listed here.
3. Federal Deposit Insurance Corporation. Insurance coverage limited to $250,000. Additional insurance coverage available upon request.