Plant Your Pennies
Earn up to 3.95% APY* on your savings while driving tangible impact in our local food and agriculture ecosystem.
![A watercolor illustration of a light skinned hand holding a mobile phone vertically, displaying the home screen of the Walden Mutual mobile app.](https://cdn.prod.website-files.com/61b48000ef9d404a5b16cf3f/6336f6d539d6ae6c66645b4a_PhoneHome.png)
The Sustainable Online Bank You've Been Waiting For
Not just "mission driven"; mission-built from the ground-up to affect food systems change. And the "mutual" part of our name means we're cooperatively governed, legally bound to work for our community.
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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)
Partner Perks
Supporting positive and lasting change to our local food ecosystem can also taste really good.
Check out our Partner Perks1.
Check out our Partner Perks1.
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)
![A black and white illustration of trees on a snow covered mountain side, shown from above and some distance away.](https://cdn.prod.website-files.com/61b48000ef9d404a5b16cf3f/6335bc66564fe145b1e3ed37_TreesBWS.png)
No Surprise Fees
A $0.01 minimum balance, no monthly fees, and no surprise charges.2 Straightforward and simple.
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
- Range of extended terms—from 1 to 100 years—to maximize impact...and return
- 10-year CD: Unique opportunity to support long-term investment in food systems change
- Only $1,000 minimum initial deposit (and minimum daily balance)
- Use the same digital tools to monitor your CDs on the go
- Free withdrawal at CD maturity during grace period, or automatically roll over your investment
- Withdraw early (before maturity) for a marginal penalty (see account charges for details)2
- If you're interested in opening a Local Impact CD, first open and fund a Grow Local account
See what we've got cooking.
Join our waitlist for early access to our accounts and behind-the-scenes updates.
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* 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).
Local Impact CD rates current as of July 24th, 2024. Interest is compounded daily, posted monthly. Subject to change without notice. $1,000 minimum to open. Penalties may apply for early withdrawals.