Amalgamated Bank is offering a fairly competitive CD special. It's a 1.35% APY 13-month CD. Minimum deposit is $500, and the maximum deposit is $250,000. New money is required, and it's only for personal accounts. This special is listed in the bank's promotions page as of May 4, 2011.
According to the promotions page, a branch visit is required to open the CD. Amalgamated Bank branches are located in New York; New Jersey; Washington DC; Las Vegas, Nevada and Pasadena, California.
The bank has an overall health score at DepositAccounts.com of 2 stars (out of 5) with a Texas Ratio of 43.73% (below average) based on December 2010 data. Please refer to our financial overview of Amalgamated Bank for more details. The bank has been a FDIC member since 1934 (FDIC Certificate # 622).
How It Compares
There are two nationally available 12-month CDs with rates a little higher. These include Melrose Credit Union with a 1.41% APY 1-year CD and Doral Bank Direct with a 1.40% APY 1-year CD.
To search for the best CD rates nationwide and in your state, please refer to our CD rates table.