Open a Checking Account Online

When we say checking account, we mean it: no minimum balance or monthly maintenance fees. Benefits Checking is for members looking for a convenient, easy to use checking account. Perfect for those just starting out, or who actively use their cards for everyday purchases.

• NO maintenance fees and NO minimum balance requirements
• First order of checks is FREE
• Straight forward, no-frills checking to simplify everyday banking
• $5.00 minimum daily balance required to earn APY

Open Your Benefits Checking Account

Enjoy all the benefits of our traditional Benefits Checking, PLUS earn 3.25% APY** on the first $1,000 in your Premier Checking Account! A Premier Checking account is for members who maintain high daily account balances and are looking for higher-rate dividends.

• Earn 3.25% APY** on the first $1,000 of your balance
• Up to $15 in ATM Fee Reimbursements per month for out of network withdrawals with a minimum daily balance of $500 ***
• NO maintenance fees
• $500 minimum to open and to earn 3.25% APY***

Open Your Premier Checking Account

Our Basic Checking Account allows you to manage your account with no fees while providing a safe and convenient access to your money.

• NO minimum deposit to open an account
• First order of checks is FREE
• $5.00 minimum daily balance required to earn APY

Open Your Basic Checking Account

Banks operate to generate profits for their stockholders or private owners. As a nonprofit credit union, the only shareholders Liberty Bay answers to are you, our members. Our operations are driven by a dedication to improving our members’ lives, one day at a time. Our profits are invested back into the credit union in the form of better rates and best-in-class digital banking technologies, and our employees are dedicated to creating the best possible member experience every time.

Member Benefits     Join Today

Every Dollar Covered, Because Every Dollar Counts.

Your Savings, 100% Protected — Always

At Liberty Bay we put our members first, and that means protecting every dollar they trust us with. That’s why your deposits are fully insured through the combined power of NCUA and MSIC — so whether you have no matter your balance, your money is valuable, no matter your balance, your money is valuable, and it’s protected from the very first dollar.

Why It Matters

• NCUA Coverage: The National Credit Union Administration insures deposits up to $250,000.
• MSIC Backstop: The Massachusetts Shared Insurance Corporation steps in to insure any amount beyond that, with no cap.

• Not all things are Equal: Many large national banks only offer standard FDIC coverage up to $250,000.  Once your balance goes beyond that covered amount, those funds are no longer insured. At Liberty Bay, your entire balance  is protected, no matter how high, giving you more security – because each and every dollar matters.

• Peace of Mind, Built In: You don’t need to do anything special — from day one, your funds are fully covered.

Credit unions have a strong record of protecting members’ deposits. At Liberty Bay, we build on that foundation with no-cost, automatic excess coverage — giving you confidence, peace, and stability.

Key Questions

How It Works (Examples)

Example A
You hold $200,000 split across checking, savings, and a CD.
→ The entire balance is fully insured under NCUA.

Example B
You hold $500,000 across various deposit accounts.
→ First $250,000 is insured via NCUA; the remaining $250,000 is protected through MSIC — so everything is covered.

For a full breakdown of account types, coverage limits, and joint/retirement/trust accounts — we’re here to help explain.

Freedom From Worry, Built Into Our Promise

At Liberty Bay, all you should worry about is your financial goals — not whether your money is safe. With full, no-limit deposit protection, we give you the freedom to plan confidently, build boldly, and stay anchored in trust.

We believe in creating a strong, supportive community within our membership, but that belief doesn’t stop at the door. We’re committed to helping the communities that we operate in thrive. We proudly contribute to numerous local charitable organizations through the volunteer efforts of our board of directors, our employee-run Community Matters volunteer program and Liberty Bay’s charitable gifting program.

Community Matters    Join Today