Navigant Credit Union Review: Checking, Savings, CD, Money Market and IRA Accounts

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Updated on Sunday, November 1, 2020

Navigant Credit Union’s checking account options

Journe Rewards Checking

This is Navigant Credit Union’s premier checking account — and with good reason. It comes with an excellent interest rate and refunds out-of-network ATM fees. To qualify for these benefits, you’ll need to regularly spend on the debit card.
APYMinimum Balance to Earn APY
1.25%
$10 (qualifying conditions met)
0.50%
Balances over $20,000 (qualifying conditions met)
  • Minimum opening deposit: $10
  • Monthly account maintenance fee: None
  • ATM fees: None at Navigant Credit Union ATMs and ATMs that are part of the RI Credit Union Connection; $2 at other ATMs
  • ATM fee refunds: Up to $25 per statement cycle with qualifying conditions met; otherwise, none
  • Overdraft fees: $34

Navigant Credit Union’s Journe Rewards Checking account requires an opening deposit of at least $10. After that, this account does not charge a monthly fee regardless of your balance. But if your balance falls below $10, you stop earning interest.

This account has an excellent interest rate, but you need to meet several conditions each month to qualify. First, you must sign up for e-statements. You also must receive at least one direct deposit or have an Automated Clearing House (ACH) debit or credit post. Finally, you must make at least 12 purchases on the debit card, using signature or point-of-sale transactions.

If you qualify, you receive a spectacular interest rate on up to $20,000. If you have more than $20,000, you’ll earn a decent but much lower rate on any amount over the limit. But during any month you don’t make the qualifying transactions, you’ll receive a very low interest rate.

With the debit card, you can make free transactions from Navigant Credit Union ATMs and ATMs that are part of the RI Credit Union Connection. If you use out-of-network ATMs, this account refunds up to $25 per month in ATM fees provided you meet the qualifying transactions. There are no fee refunds during the months you don’t qualify.

How to get Navigant Credit Union’s Journe Rewards Checking account

You can sign up for Navigant Credit Union’s Journe Rewards Checking account online or at one of the branches. The application will ask for your contact information, Social Security number, proof of address and a form of government ID. You will also need to make your opening deposit. Navigant Credit Union accepts deposits by bank transfer and debit or credit card.

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Personal Checking

A basic checking account with average fees and a low interest rate. It’s not a terrible account, but there are much better options at Navigant Credit Union.
APYMinimum Balance to Earn APY
0.05%
$10
  • Minimum opening deposit: $10
  • Monthly account maintenance fee: $10 (can be waived)
  • ATM fees: None at Navigant Credit Union ATMs and ATMs that are part of the RI Credit Union Connection; $2 at other ATMs
  • ATM fee refunds: None
  • Overdraft fees: $34

You need to deposit at least $10 to open a Navigant Credit Union Personal Checking account. After you open, this account charges a $10 maintenance fee unless you meet one of the following each month:

  1. You enroll in monthly direct deposit
  2. You have a minimum daily balance of at least $500
  3. You are 50 or older

If you meet any of these conditions, Navigant Credit Union waives the fee. The Personal Checking account earns interest so long as your balance is at least $10. But the rate is very low and doesn’t increase for larger balances.

You can make free withdrawals from Navigant Credit Union ATMs and ATMs in the RI Credit Union Collection, but the credit union will charge a $2 fee when you make out-of-network transactions. This account also will not refund any fees from ATM owners.

You can sign up for the Navigant Credit Union Personal Checking account online or at one of the branches. The application will ask for your contact information, Social Security number, proof of address and a form of government ID. You will also need to make your opening deposit. Navigant Credit Union accepts deposits by bank transfer and debit or credit card.

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Relationship Checking

If you don’t keep at least a $5,000 minimum balance, this account comes with a steep monthly fee. The interest rate isn’t worth it.
APYMinimum Balance to Earn APY
0.15%
$10
  • Minimum opening deposit: $10
  • Monthly account maintenance fee: $12 (can be waived)
  • ATM fees: None at Navigant Credit Union ATMs and ATMs that are part of the RI Credit Union Connection; $2 at other ATMs
  • ATM fee refunds: None
  • Overdraft fees: $34

The Navigant Credit Union Relationship Checking account only requires $10 for an opening deposit. You also only need to keep $10 in your account to earn interest. But you’ll need to keep much more money with Navigant Credit Union for this account to make sense.

The Relationship Checking account charges a $12 monthly fee unless you keep a $5,000 minimum balance throughout all Navigant Credit Union personal deposit accounts. It’s free so long as you stay above this limit.

In exchange, this account earns an average interest rate and comes with some other banking benefits. You get one free order of checks a year. Navigant Credit Union also waives the fee on official (cashier’s) checks and money orders when you have this account.

You can make free withdrawals from Navigant Credit Union ATMs and those in the RI Credit Union Connection. But if you make an out-of-network transaction, it will charge $2 and won’t refund any fees from the ATM owner.

How to get Navigant Credit Union’s Relationship Checking account

You can sign up for the Navigant Credit Union Relationship Checking Account online or at one of the branches. The application will ask for your contact information, Social Security number, proof of address and a form of government ID. You will also need to make your opening deposit. Navigant Credit Union accepts deposits by bank transfer and debit or credit card.

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New Beginnings Checking

This account accepts customers who can’t qualify for a regular checking account due to past financial difficulties. It doesn’t earn interest and has high fees, so don’t use this account unless you have to.
  • Minimum opening deposit: $10
  • Monthly account maintenance fee: $13 ($10 with direct deposit)
  • ATM fees: None at Navigant Credit Union ATMs and ATMs that are part of the RI Credit Union Connection; $2 at other ATMs
  • ATM fee refunds: None
  • Overdraft fees: $34

If you’ve run into past financial trouble, like you failed to pay overdrafts on an old bank account, you may have trouble qualifying for another checking account. Navigant Credit Union offers a New Beginnings Checking account if you can’t qualify for its other products. This way you can still have a bank account and rebuild your financial history.

You need to deposit at least $10 to open a Navigant Credit Union New Beginnings Checking account. This account does not earn interest. It also charges a $13 monthly fee, which is reduced to $10 if you set up a direct deposit. There is no way to avoid the monthly fee.

With the account debit card, you can make free withdrawals from Navigant Credit Union ATMs and ATMs that are part of the RI Credit Union Connection. If you make an out-of-network transaction, it will charge $2 and won’t refund any fees from the ATM owner.

How to get Navigant Credit Union’s New Beginnings Checking account

You can only sign up for the Navigant Credit Union New Beginnings Checking account at one of its branches. It’s not available online. The application will ask for your contact information, Social Security number, proof of address and a form of government ID. You will also need to make your opening deposit. Navigant Credit Union accepts deposits by bank transfer and debit or credit card.

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E-Access Student Checking

For students younger than 25, Navigant Credit Union offers a special checking account. It comes with some extra fee discounts compared to the other accounts, but it doesn’t earn interest.
  • Minimum opening deposit: $10
  • Monthly account maintenance fee: None
  • ATM fees: None at Navigant Credit Union ATMs and ATMs that are part of the RI Credit Union Connection; $2 at other ATMs
  • ATM fee refunds: Up to $25 per month
  • Overdraft fees: $34

If you are a student between the ages of 16 to 24, you could open a Navigant Credit Union E-Access Student Checking account. It takes a deposit of at least $10 to open this account, but after that there’s no minimum balance requirement or monthly fee.

The E-Access Student Checking account doesn’t earn interest but has some fee discounts that the other accounts don’t offer. First, this account waives one overdraft fee a year. This could come in handy for someone budgeting money for the first time.

This account also refunds up to $25 a month in fees from out-of-network ATMs. There are no qualifying transactions, so you’ll receive the refund every month. When you turn 25, this account turns into a Journe Rewards Checking account or whatever similar account is offered at that time.

How to get Navigant Credit Union’s E-Access Student Checking Account

You can sign up for the Navigant Credit Union E-Access Student Checking account online or at one of the branches. The application will ask for your contact information, Social Security number, proof of address and a form of government ID. You will also need to make your opening deposit. Navigant Credit Union accepts deposits by bank transfer and debit or credit card.

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How Navigant Credit Union’s checking accounts compare

Navigant Credit Union describes its Journe Rewards Checking account as its premier account — and with good reason. It offers a spectacular interest rate and comes with a respectable monthly refund for out-of-network ATM fees. The rest of its regular checking accounts are not as good because they have higher fees and lower interest rates. We suspect they were launched before Journe Rewards Checking and are now a bit of an afterthought.

Navigant Credit Union also offers a low-fee account for students and a second-chance account for people who have had past financial trouble. If you’re in either situation, they might be worth a look, but the Journe Rewards Checking account is clearly the best choice.

Our only problem with Journe Rewards Checking is you need to make 12 debit card purchases a month to qualify for the top rate. This could get annoying if you don’t like spending on your debit card. If you want a high-earning checking account without this rule, these online checking account options may be better. Their rates are just as high and you won’t have to worry about monthly qualifying conditions.

Navigant Credit Union’s savings account options

Statement Savings

Every member of Navigant Credit Union needs to open a Statement Savings account. There’s no monthly fee, but the interest rate is very low.
APYMinimum Balance to Earn APY
0.10%
$10
  • Minimum opening deposit: $10
  • Monthly account maintenance fee: None
  • ATM fees: None at Navigant Credit Union ATMs and ATMs that are part of the RI Credit Union Connection; $2 at other ATMs
  • ATM fee refunds: None
  • Overdraft fees: $34

If you want to join Navigant Credit Union, you need to open one of its Statement Savings accounts with a deposit of at least $10.

This account earns interest so long as you have more than the $10 minimum balance requirement. The rate is low for a savings account and stays the same for all balances. You won’t earn more by depositing more.

Since this is a savings account, there’s a limit to how often you can take out money due to a government rule, Regulation D. Each statement cycle, you can make up to six certain transfers or withdrawals out of the account, including checks, debit card purchases, account transfers and drafts. If you make more than six, Navigant Credit Union charges a $5 excess transaction fee.

How to get Navigant Credit Union’s Statement Savings account

You can sign up for the Navigant Credit Union Statement Savings account online or at one of the branches. The application will ask for your contact information, Social Security number, proof of address and a form of government ID. You will also need to make your opening deposit. Navigant Credit Union accepts deposits by bank transfer and debit or credit card.

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New Beginnings Savings

If you’ve had banking issues in the past, Navigant Credit Union offers a savings account with easier approval. It earns interest, but you’ll have to call the credit union for the current rate.
  • Minimum opening deposit: $10
  • Monthly account maintenance fee: None
  • ATM fees: None at Navigant Credit Union ATMs and ATMs that are part of the RI Credit Union Connection; $2 at other ATMs
  • ATM fee refunds: None
  • Overdraft fees: $34

The Navigant Credit Union New Beginnings Savings account is meant for people who had banking trouble in the past, like they failed to pay an overdrawn balance on an old account. This savings account will accept applicants who might not be able to qualify for a standard savings account.

You need to deposit at least $10 to open a Navigant Credit Union New Beginnings Savings account. This account earns interest when you have at least a $10 balance but you will need to contact the bank to obtain current rate information.

Since this is a savings account, there’s a limit to how often you can take out money due to a government rule, Regulation D. Each statement cycle, you can make up to six certain transfers or withdrawals out of the account, including checks, debit card purchases, account transfers and drafts. If you make more than six, Navigant Credit Union charges a $5 excess transaction fee.

How to get Navigant Credit Union’s New Beginnings Savings account

You can sign up for the Navigant Credit Union New Beginnings Savings account at one of the branches. This account is not available online. The application will ask for your contact information, Social Security number, proof of address and a form of government ID. You will also need to make your opening deposit. Navigant Credit Union accepts deposits by bank transfer and debit or credit card.

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Christmas Club/Vacation Club

In theory, these accounts are supposed to help you save for specific goals during the year, such as your next vacation. But they don’t earn interest and come with an early withdrawal penalty, so they probably won’t help too much.
  • Minimum opening deposit: $2
  • Monthly account maintenance fee: None
  • ATM fees: N/A
  • ATM fee refunds: N/A
  • Overdraft fees: N/A

Club accounts target a specific savings goal, such as a summer vacation or the end-of-the-year holiday season. When you sign up, you pick a set deadline for when your money will come out. You then put money aside throughout the year. When the deadline comes around, Navigant Credit Union pays out everything you’ve saved.

The Christmas Club and Vacation Club accounts only require a $2 deposit to open. But these accounts do not earn interest. At the end of the term, you’ll only get back the money you put in.

If you want your money before the target date, you’ll need to close the account. Navigant Credit Union will charge a $5 close-out fee.

How to get Navigant Credit Union’s Christmas Club/Vacation Club accounts

You can sign up for the Navigant Credit Union Christmas Club and Vacation Club accounts online or at one of the branches. The application will ask for your contact information, Social Security number, proof of address and a form of government ID. You will also need to make your opening deposit. Navigant Credit Union accepts deposits by bank transfer and debit or credit card.

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How Navigant Credit Union’s savings accounts compare

The Navigant Credit Union savings accounts don’t offer much. Its regular savings account pays a very low interest rate that won’t really grow your money. The club accounts are even worse because they don’t even pay interest while charging an extra fee if you take out money before the end of your term.

If you want to join Navigant Credit Union, you do need to open a Statement Savings account for $10. Fortunately, there’s no monthly maintenance fee, so you can make the bare minimum deposit and then focus on the better accounts at Navigant Credit Union.

If you do want a savings account, we’d recommend these top online savings account options instead. They pay much higher rates — nearly 20 times more than Navigant Credit Union — and many of them are also completely free.

Navigant Credit Union’s CD rates

Certificates of Deposit

For new deposits, Navigant Credit Union offers a couple of spectacular CD offers. But once you get past this special, its regular CD rates are mediocre.
TermAPY
6-12 months0.20%
13 months (new funds only)2.50%
15 months2.05%
18 months0.35%
23 months (new funds only)3.00%
2 years0.50%
2.5 years0.50%
3 years0.60%
4 years0.75%
5 years1.00%
  • Minimum opening deposit: $500
  • Minimum balance amount to earn APY: $500
  • Early withdrawal penalty: 3% of any principal taken out before the maturity date; you can take out interest without owing a penalty

Navigant Credit Union offers Certificates of Deposit that range from six months to five years. For its CDs of 12 months or less, you can pick any CD length from six to 12 months and receive the same interest rate.

You need to deposit at least $500 to open a Navigant Credit Union CD and keep this much in the account to earn the APY. Its 13-month and 23-month CDs can only be opened with new funds, money not already at Navigant Credit Union. These rates are excellent. Navigant Credit Union’s regular CD rates are much less impressive.

If you take out any of your principal before the CD maturity date, Navigant Credit Union charges a 3% penalty on the amount withdrawn. You can take out your interest earnings without a penalty.

At the end of the term, your CD will automatically renew for the same length of time. You will have a 10-day grace period to take out money without owing the early withdrawal penalty. On Oct. 31, 2018, we asked customer service whether the new-funds CD would renew at the same high rate. It said they would renew but that the rate could change depending on what the CDs are paying at that time.

How to get Navigant Credit Union’s CDs

You can open the 23-month CD online or by visiting a bank branch. The rest of the CD terms are not available online. The application will ask for your contact information, Social Security number, proof of address and a form of government ID. You will also need to make your opening deposit. Navigant Credit Union accepts deposits by bank transfer and debit or credit card.

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How Navigant Credit Union’s CD rates compare

When it comes to attracting new CD deposits, Navigant Credit Union pulled out all the stops. Its “new money” 15- and 23-month CDs are right up there with the best offers in the country. The only catch is you can only open these accounts with funds that are not already at Navigant Credit Union. For existing customers though, Navigant Credit Union is a lot less generous. Its regular CD rates are extremely low.

If you use one of its promotional offers with new funds, pay close attention when it ends. Navigant Credit Union automatically renews you again, but the rate could be much lower, depending on whether it makes any changes during your CD term. This could be an unfortunate surprise if you miss the grace period to take out money.

If your money isn’t already at Navigant Credit Union and you want to hit up its promotions, you’ll be getting a nice return on your savings. But once that’s done, you may have to look elsewhere to earn a decent rate. Start by checking out our list of the best CD offers nationwide. The rates are excellent and you can renew them as often as you want; they aren’t for new funds only.

Navigant Credit Union’s money market account options

Money Market

Navigant Credit Union’s regular Money Market account is free, but it unfortunately pays a very low interest rate. You’d earn more using some of its checking accounts.
APYMinimum Balance to Earn APY
0.15%
Less than $2,500
0.15%
$2,500
  • Minimum opening deposit: $2,500
  • Monthly account maintenance fee: None
  • ATM fees: None at Navigant Credit Union ATMs and ATMs that are part of the RI Credit Union Connection; $2 at other ATMs
  • ATM fee refunds: None
  • Overdraft fees: $34

The Navigant Credit Union Money Market account requires an opening deposit of at least $2,500. After you open it, there’s no minimum balance requirement. Also, this account does not charge a monthly fee.

You earn interest on all balances, and the rate is the same even if you drop below $2,500. But it’s a very low rate for a money market account.

Since this is a money market account, there’s a limit to how often you can take out money due to a government rule, Regulation D. Each statement cycle, you can make up to six certain transfers or withdrawals out of the account, including checks, account transfers and drafts. If you make more than six, Navigant Credit Union charges a $5 excess transaction fee.

How to get Navigant Credit Union’s Money Market account

You can sign up for the Navigant Credit Union Money Market account at one of the branches. This account is not available online. The application will ask for your contact information, Social Security number, proof of address and a form of government ID. You will also need to make your opening deposit. Navigant Credit Union accepts deposits by bank transfer and debit or credit card.

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Relationship Money Market

If you have more than $10,000, you can earn a slightly higher money market rate with this account. It still doesn’t earn much though.
APYMinimum Balance to Earn APY
0.10%
Below $5,000
0.10%
$5,000
0.15%
$10,000
0.15%
$30,000
0.15%
$50,000
  • Minimum opening deposit: $2,500
  • Monthly account maintenance fee: None
  • ATM fees: None at Navigant Credit Union ATMs and ATMs that are part of the RI Credit Union Connection; $2 at other ATMs
  • ATM fee refunds: None
  • Overdraft fees: $34

For larger deposits, you can earn slightly more with the Navigant Credit Union Relationship Money Market account. This account starts earning more than the regular Money Market account once you deposit at least $10,000. But the rate is still low even at the higher tiers.

The Relationship Money Market account also requires an opening deposit of at least $2,500. There’s no minimum balance requirement to earn interest and this account does not charge a monthly fee.

Since this is a money market account, there’s a limit to how often you can take out money due to a government rule, Regulation D. Each statement cycle, you can make up to six certain transfers or withdrawals out of the account, including checks, debit card purchases, account transfers and drafts. If you make more than six, Navigant Credit Union charges a $5 excess transaction fee.

How to get Navigant Credit Union’s Relationship Money Market account

You can sign up for the Navigant Credit Union Relationship Money Market account at one of the branches. This account is not available online. The application will ask for your contact information, Social Security number, proof of address and a form of government ID. You will also need to make your opening deposit. Navigant Credit Union accepts deposits by bank transfer and debit or credit card.

SEE DETAILS Secured

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How Navigant Credit Union’s money market accounts compare

The Navigant Credit Union money market accounts are both forgettable. Neither one pays anything close to a competitive interest rate. Even if you qualify for the best rate, by depositing $50,000 in the Relationship Money Market account, you still earn less than even some of the checking accounts at Navigant Credit Union.

Now, there are some positives. The Navigant Credit Union money market accounts do not charge a monthly fee and they’ll pay interest on any balance. This is a nice, unusual benefit because money market accounts typically have high balance requirements and fees.

Still, the whole point of using these accounts is to earn interest, and Navigant Credit Union does not deliver. If you want a money market account that’s serious about growing your savings, check out these money market options instead. Their rates are light-years ahead of Navigant Credit Union.

Navigant Credit Union’s IRA CD rates

IRA Certificates of Deposit

If you want an IRA, you can use Navigant Credit Union’s regular CDs — but not its promotions — for new deposits. That’s a shame because, without the promotions, the IRA CD rates are dismal.
TermAPY
6-12 months0.20%
13 months0.35%
15 months0.35%
18 months0.30%
2 years0.40%
2.5 years0.40%
3 years0.50%
4 years0.65%
5 years0.90%
  • Minimum opening deposit: $500
  • Minimum balance amount to earn APY: $500
  • Early withdrawal penalty: 3% of any principal taken out before the maturity date; you can take out interest without owing a penalty

You can open the regular Navigant Credit Union CDs through an IRA, but not the promotions for new deposits. Without the promotions, this means the IRA CD rates are very low.

You must deposit at least $500 to open an IRA CD and keep this much in the account to earn the APY.

If you take out any of your principal before the CD maturity date, Navigant Credit Union charges a 3% penalty on the amount withdrawn. You can take out your interest earnings without a penalty.

At the end of the term, your IRA CD will automatically renew for the same length of time. You will have 10 days to take out money without owing the early withdrawal penalty.

How to get Navigant Credit Union’s IRA CD

You can only open the IRA CDs by visiting a bank branch. These accounts are not available online. The application will ask for your contact information, Social Security number, proof of address and a form of government ID. You will also need to make your opening deposit. Navigant Credit Union accepts deposits by bank transfer and debit or credit card.

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IRA Money Market

This account lets you take out money without an early withdrawal penalty, but it’s not an effective way to build your nest egg.
  • Minimum opening deposit: $2,500
  • Monthly account maintenance fee: None

You can also use Navigant Credit Union’s money market account through an IRA. This account requires a minimum opening deposit of $2,500. After that, there is no monthly maintenance fee even if your balance falls below $2,500.

The IRA Money Market account earns interest on all balances, but you’ll have to contact the credit union for the current rate.

Since this is a money market account, there’s a limit to how often you can take out money due to a government rule, Regulation D. Each statement cycle, you can make up to six certain transfers or withdrawals out of the account. If you make more than six, Navigant Credit Union charges a $5 excess transaction fee.

How to get Navigant Credit Union’s IRA Money Market account

You can sign up for the Navigant Credit Union IRA Money Market account at one of the branches. This account is not available online. The application will ask for your contact information, Social Security number, proof of address and a form of government ID. You will also need to make your opening deposit. Navigant Credit Union accepts deposits by bank transfer and debit or credit card.

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How Navigant Credit Union’s IRA CD rates compare

When it comes to retirement plans, Navigant Credit Union doesn’t offer much. None of its IRA CDs pays a competitive interest rate. The best CDs, the offers for new deposits, are not available for the IRA CDs, so you’re stuck with the much worse regular CD rates.

While it’s nice that the IRA Money Market account is free, you need to deposit at least $2,500 to open the account.

Navigant Credit Union doesn’t seem too focused on the IRA market because you can’t open any retirement products online. These companies, on the other hand, take retirement very seriously and offer the highest IRA CD rates right now. They could be just what your plan needs to hit your long-term goals.

Overall review of Navigant Credit Union’s banking products

As far as the Navigant Credit Union banking products go, there’s a huge range in quality between the good and bad accounts. Its top accounts are spectacular. Journe Rewards Checking is one of the best checking accounts we’ve seen, thanks to its sky-high interest rates and generous refunds for out-of-network ATMs.

Navigant Credit Union also offers two CD specials for new deposits with rates that match up well with anything else in the country. Besides these all-star performers, there’s nothing else we would recommend at Navigant Credit Union. Its other deposit accounts pay way too little interest, and several of them come with high monthly fees.

It seems like Navigant Credit Union is aware of these weaknesses because a large share of its lower-paying accounts are not available online. This is no big loss. You can open its best checking account and CD through its website while skipping anything else.