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)
  • If applicable, enter and verify joint account owner information
  • Make your first deposit with a debit card or using your checking or savings account and routing number from another financial institution


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.




It's the savings tool you can tailor to your needs. Choose how much to invest, and for how long.

Money Market


Get a little extra sizzle from your savings with an account that pays guaranteed dividends, plus a tiered rate structure to give your deposits an additional boost.

Compare your options side-by-side

  Checking & Savings Savings Certificates Money Market
Current Savings APY 1.00 % APY 1.00 % APY Varies N/A
Current Checking APY* 0.10 % APY N/A N/A Varies
Includes paperless statements Yes Yes Yes Yes
Debit/ATM Card Yes No No No
Includes checking and savings Yes No No No
Minimum deposit to open account $10 $10 Varies No
MyCovantage digital banking and mobile app Yes 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