Spend Local Business

A better home for your cash

Our flagship account has the key features you need to manage your money, with no surprise fees. Stop combing through your bank statements with a magnifying glass to figure out what you owe.

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Your Dollars Drive Impact... While Earning Interest

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

Spend Local Business

%

Your Dollars Drive Impact...While Earning Interest

Making a positive impact doesn't mean earning negative return

Spend Local Business

Earn Up To

%

On Balances From $ to $. % APY15 on Everything Else

Your Dollars Drive Impact... While Earning Interest

Making a positive impact doesn't mean earning negative return

Spend Local Business

Terms and APYs
Term APY3
3 Month 2.05%
6 Month 3.50%
1 Year 3.60%
2 Year 3.60%
3 Year 3.15%
5 Year 3.25%
10 Year 4.25%
100 Year 4.75%

Spend Local Business

Sweet & Simple

No Surprise Fees

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

The Features You Need

Deposit checks on the go, send and receive unlimited ACH batches, and set up as many as four business debit cards13 for employees - all for free.

FDIC Insured4

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

Permissioned Access

Delegate to employees without sacrificing control, by creating sub-users with permissioned access to specific accounts or pieces of functionality.

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.

Aligned Community

We're building a community, thousands strong, bound together by a shared passion for a more sustainable, equitable, and culturally vibrant future.

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.

"Walden Mutual understands and empathizes with the challenges of the food industry. They are far more than bank reps and lenders; they are strategic partners, sounding boards, and advocates. For a small food business, it is unheard of to have access to banking partners like that."

Business Owner in the Hudson Valley, NY

"Partnering with Walden Mutual was an obvious decision. We both share the same values for promoting healthy nutrition and supporting artisanal and sustainable food production. They were able to quickly grasp our unique needs as a modern food company, understand our business model and provided us with the necessary funding to expand and scale."

Food Entrepreneur in Boston

"It's one thing to eat local and organic and wear natural fibers, but what is your money funding while it sits in your bank!?"

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Executive Director of a Non-Profit

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

Walden Online Banking User

"Agriculture is really going through a lot of changes, and we are so grateful to have found a financial partner that understands and wants to help us succeed."

Farm Owner in New York

"Charley and Christine know, understand and empathize with the challenges of the food industry. They are far more than bank reps and lenders; they are strategic partners, sounding boards, and advocates. For a small food business, it is unheard of to have access to banking partners like that."

Food Entrepreneur in New York

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Upstart gelato and coffee brand seeking capital to ease the pressure on cash flow that comes from harsh winter seasonality.

"After our first meeting with Charley, we knew Walden was very different in the world of banking...it seems we finally found a bank who values the local community of farmers and makers."

Robb Duncan, Co-Founder

Dolcezza Gelato & Coffee

Entrepreneur turned farmer, looking for financing to establish two-businesses-in-one: a community farm, and an overnight agrotourism destination.

"This unique bank you have created was a perfect match for what I needed and will have a lasting positive influence on the community for a long time to come. The property I purchased was unique with a unique set of challenges during the purchasing process. When I say Patrick went above and beyond what I would think his role would be, I'm underselling his help. This is a life changing project for me, so his help literally changed the course of my future."

Andrew Kane, Owner

Rumney Acres

Newly launched non-profit working to elevate and empower people of color in New Hampshire, looking for a financial institution that can match its values while providing competitive returns.

"Walden Mutual has provided NHCJE competitive short-term investments [in the form of CDs]...If you want to connect and align your money with your values, you should consider them...That [i.e. values alignment] is precisely why I chose to work with them."

Anthony Poore, President & CEO

New Hampshire Center for Justice & Equity

Candle brand based in the Hudson Valley, driven by their mission to facilitate reconnection to ourselves and nature - looking for a bank partner more closely aligned with their values.

"We had other banking relationships, and I would say they felt a little bit like dealing with Verizon or some other big conglomerate monopoly. Our point of contact kept changing, and none of them were that knowledgeable about our business or about the services that would really make sense for us...[At Walden] Charley knows my business inside out and is able to be a truly integrated advisor for our whole business. When we speak, we're not just running through the list of loan products on offer."

Harry Doull, Chief Candle Officer

Keap Candles

Craft chocolate brand expanding into a multi-product retail concept, looking for a bank partner to help fuel their growth. After the loan closed, a devestating fire challenged the viability of their business.

"I consider myself a Walden evangelist, no doubt about it. We would not be where we are right now with them, especially with our terrible fire...It was a nightmare scenario for any small business owner, but Walden was with us every step of the way...We are more passionate than ever about helping our communities have more convenient access to local, healthy, and sustainable foods and Walden plays a major role in making it a reality."

Rick Mast, Co-Founder

Mast Market

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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