Open an Account

Here's where it all begins! Start enjoying all the benefits of being a member-owner of CoVantage by choosing one of the account options below.

It's simple: 

  • Choose the account that works best for you (business accounts cannot be opened through this application)
  • Confirm your eligibility in our field of membership
  • Verify your identity (you must be at least 18 years old to open an account online)
  • Make your first deposit

 

High-Yield Digital

CoVantageGO checking and savings is perfect if you plan to use a debit card, enroll in e-Statements, and want to earn more on savings- currently  0.80 % APY

Checking & Savings

Easily access your money with a checking account and debit card, plus a savings accounts.

Savings Only

Save for a rainy day, plus have access to our full array of products and services.

Compare your options side-by-side

  High-yield Digital Checking & Savings Savings
Current Savings APY 0.80 % APY 0.30 % APY 0.30 % APY
Current Checking APY* 0.15 % APY 0.15 % APY N/A
Requires e-Statements Yes No No
Debit/ATM Card Yes Yes No
Includes checking and savings Yes Yes No
Minimum deposit to open account $10 $10 $10
MyCovantage digital banking and mobile app Yes Yes Yes

 

Important information about procedures for opening a new account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

Next Steps