Spend Local

A better home for your cash

The key capabilities you need to manage your money, combined with no surprise fees and the assurance of FDIC insurance.

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Your Dollars Drive Impact... While Earning Interest

Making a positive impact doesn't mean earning a negative return

Spend Local

%

Your Dollars Drive Impact...While Earning Interest

Making a positive impact doesn't mean earning negative return

Spend Local

Earn Up To

%

On Balances From $ to $. % APY on Everything Else

Your Dollars Drive Impact... While Earning Interest

Making a positive impact doesn't mean earning negative return

Spend Local

Terms and APYs
Term APY3
6 Month 3.25%
1 Year 3.50%
2 Year 3.25%
3 Year 3.15%
5 Year 3.00%
10 Year 4.00%
100 Year 4.75%

Spend Local

Let your cash drive impact

The Features You Need

Manage your money on your terms. Unlimited transfers, free ATM access11, mobile check deposit, and our beautiful metal debit card17.

No Surprise Fees

$.01 minimum balance, no monthly fees, and no surprise charges5. Straightforward and simple.

FDIC Insured4

FDIC insurance up to $250,000 - with more coverage available by request.

Partner Perks

Earn cashback at partner businesses7, and this summer, qualified accounts get $100 to spend on local food through our Summer Farm Dividend6 .

Safe & Secure

Industry-grade data encryption, multi-factor authentication - and all the security features you expect from anyone handling your hard-earned cash.

On a Mission

A different kind of bank than you're used to.

B Corp Certified

B Corp Lab logo

We're B Corp Certified, and cooperatively governed by our mutual structure - so we work for the benefit of all our stakeholders, not just a select few investors. Check out our Annual Report to understand more about our impact.

Building Bridges

Through our blog and programs like Partner Perks, we bring our mission to life for the individual members of our community.

Long-Term Thinking

We're the first new mutual nationwide in 50 years, building an institution for the next 100 years - instead of chasing quarterly returns.

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Digital Banking with a Human Touch

The convenience of technology...mixed with old-fashioned warmth

Apply in Minutes

Apply for an account with your favorite device - phone, tablet, or laptop. No printers or wet signatures required.

The Features You need

Our online banking comes fully loaded with the features you need to manage your money on the go. Deposit checks with your phone, transfer money between accounts, view recent transactions - whenever, wherever you need.

Surprisingly Human Service for a digital bank

Hi! I'm Mel

Used to being treated like a number by faceless online companies? Scarred by bad experiences with big banks? Our Partner Experience team is uncommonly helpful, providing white glove levels of service to our nationwide community of partners.

How To

Get Set-Up at Walden Mutual

1. Apply for a Spend Local Account

Applying takes less than 5 minutes and is done completely online.

2. Fund Your
Account

Deposit at least $100 in your account to meet the minimum initial deposit.

3. Switch Your
Direct Deposit

Direct your paycheck to your new checking account.

4. Update your
Bill payments

Update the payment information stored at all the places you make recurring payments.

5. Debit card
Arrives

10-15 business days after your account is opened, your metal Walden debit card will arrive (if you indicated you wanted one).

6. Open a Save
Local Account

Maximize your returns by requesting a Save Local account within online banking.

7. Open Local
Impact CDs

Earn even more by opening Local Impact CDs with a minimum initial deposit of $1,000.

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How To

Get Set-Up at Walden Mutual

1. Apply for a Spend Local business Account

Applying takes less than 5 minutes and is done completely online.

2. Fund Your
Account

Deposit at least $1000 in your account to meet the minimum initial deposit.

3. Switch Your
A/R

Direct your customers’ payments to your new operating account.

4. make vendor
payments

Start making payments to your vendors in ACH batches within online banking.

5. Debit card
Arrives

10-15 business days after your account is opened, your metal Walden debit card will arrive (if you indicated you wanted one).

6. Open a Save Local Business Account

Maximize your returns by requesting a Save Local Business account within online banking.

7. Open Local Impact Business CDs

Earn even more by opening Local Impact Business CDs with a minimum initial deposit of $1,000.

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"I'm so excited about our new accounts and consolidating our finances in a way that supports both us and local food!"

Walden Depositor

"Great way to put your money where your mouth is, assuming your mouth is in favor of environmentally sustainable world. I moved my funds to this bank because I realized that staying in a Big Four bank was my biggest carbon footprint. I didn’t want to be a problem. I wanted to be part of the solution."

Google Reviewer

"I find your tools so simple and easy to use. It's marvelous."

Walden Online Banking User

"This is the bank account of my dreams! We’ve always been committed to non-harmful banking, but to have it supporting businesses in our backyard is so exciting!"

Walden Depositor in Vermont

“The hospitality I've experienced so far is such a stark contrast to what I have been dealing with at Wells Fargo. I have a joke with friends and family that Walden calls me to see how I'm doing, sends me nice notes, and makes me cinnamon rolls and hot coffee in the morning! Working with real people so far has been a real treat."

Walden Depositor

"The debit cards are so pretty!"

Walden Debit Cardholder

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Premium animal feed provider, looking for the capital to reset their business for growth.

"I have never seen a bank so nimbly provide us with not only capital, but solutions made for us....It's truly been remarkable to get that flexibility. If you want a bank that actually puts the business first, beyond just checking boxes, Walden is the answer."

Matt Matros, Managing Partner

Mule City Speciality Feeds

Leading certifier of organic farmers and processors needing a line of credit as a financial safety net in uncertain times.

"Walden was able to extend a line of credit for our business...[and] have worked tirelessly with us to ensure we had a smooth transition to moving our operating account. While it's not a fun task to change operating banks, Walden really cared about our experience, learning about our daily and long-term needs and supported the transition as seamlessly as possible. [They] are a breath of fresh air."

Diana Underwood, Director of Operations

Pennsylvania Certified Organic

Producers of high-quality bone broth for dogs that was searching for growth capital to enter the next stage of their evolution.

"We were looking for a bank that was friendly towards growing small businesses. Our past experiences with banks were characterized by excess red tape...but Walden is more relationship-oriented and interested in our business - so we were able to secure an increased line of credit to help us scale."

Kim Hehir, Co-Founder

Brutus Broth

Plant-based supplement start-up looking for cash flow relief to fuel new growth.

"When we first got connected with Walden, we were facing extremely high debt service costs that were putting a real strain on the business. It felt like we were stuck in a cycle that made it hard to invest in growth or even breathe. Walden’s products and services have helped us solve one of our biggest challenges: cash flow. By improving our cash flow dramatically, they’ve given us the ability to properly reinvest our operating profits back into the business. Walden shows up with real commitment, real flexibility, and real belief in our vision. It’s the kind of relationship we always hoped for but never found until now."

Ronald Change, Co-Founder

Ora Organic

Family of long-time farmers looking to establish their own operation, searching for the capital to acquire land.

"Working with Walden has been great, because for our family, coming into the opportunity to buy a place of our own finally in mid-life, having mostly farmed for a lot of our lives, we didn't have a lot of capital to run out there and buy a farm. Having a big part of our business be related to solar grazing, normal financing through the Farm Services Agency wasn't available to us in the same way it would've otherwise been...and Walden was willing to be flexible and see the value in this kind of unique business model."

Jesse Robertson-Dubois, Owner

Finicky Farm

Our Enterprise Package

Features for our spend local business accounts - specially designed for larger, More sophisticated organizations

Desktop Check Scanning

B Corp Lab logo

Too many checks to deposit with your phone camera? Use a desktop scanner (purchase price not included in service cost) to deposit in batches.

Enhanced Fraud Prevention

Minimize the risk of payment fraud with Enhanced Fraud Prevention. You maintain a list of approved payees (for both checks and ACH), and payments made to anyone else generate an exception for your review.

Extra Insurance

Through partnerships with other FDIC-insured banks,  we offer insurance up to $190,000,000 across your deposit accounts.

All for $99 per month

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