2. Amalgamated Bank

Amalgamated Bank


Overview / Commentary
www.amalgamatedbank.com
212-255-6200
275 Seventh Avenue
New York, NY 10001

Amalgamated Bank, founded in 1923 by the Amalgamated Clothing Workers of America, is a commercial bank chartered in New York with nationwide service. At Amalgamated Bank - America's Labor Bank - they work hard to make your life easier. For more than 80 years, they have provided working men and women, as well as unions, associations and businesses, with affordable banking services.

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Reviews (1)

Pretty Good Choice For A Main Bank

Posted by: Philo | Aug 20, 2019

I've used Amalgamated's online banking services (Give-back checking and Online Savings) for over a year now. I chose them as my main bank since there are local branches where I can go in in case something goes wrong or for certain things (e.g., I recently had to go in to add a beneficiary). I'm all about online banking, but I do prefer something with a physical presence for my main bank.

Their online rates are okay, but far from top-notch. Their online experience is also okay but not great -- they use iBanking stuff like a lot smaller banks do, which has an ugly UI but is pretty reliable and gets the job done. Their customer service has been great when I needed it. And they're also a pretty ethical bank which is important to me.

I do have other online savings account that give higher interest rates. But, overall, I've been quite happy with using Amalgamated as my primary bank for over a year now.

2


Health
A

Data as of Q3 2019

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Health Grade Components

Overall
FDIC Certificate #622
Year Established1923
Employees380
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.96%
Return on Equity - YTD10.12%
Annual Interest Income$139.0MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$5.03B$4.64B
LoansQ3 2019vs Q3 2018$3.47B$3.16B
DepositsQ3 2019vs Q3 2018$4.33B$4.04B
Equity CapitalQ3 2019vs Q3 2018$486.2MM$420.9MM
Loan Loss AllowanceQ3 2019vs Q3 2018$33.7MM$36.4MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$18.4MM$20.8MM
Real Estate OwnedQ3 2019vs Q3 2018$526.00K$844.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Amalgamated Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Amalgamated Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.60%--Online Savings
1.00%--Give-Back Savings Account (Online Only)
0.40%$10-Variable IRA
0.35%--The Club Account
0.15%*$100*-Convenience Savings
OTHER TIERS: 0.06% → Up to $100

Amalgamated Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$100k*-Money Market
OTHER TIERS: 0.20% → Up to $25k | 0.25% → $25k - $50k | 0.30% → $50k - $100k

Amalgamated Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$2.5k*-Online Checking
OTHER TIERS: 0.10% → Up to $2.5k
0.60%*$2.5k*-Give-Back Checking
OTHER TIERS: 0.10% → Up to $2.5k
0.15%*$1k*-Convenience+ Checking
OTHER TIERS: 0.06% → Up to $500 | 0.10% → $500 - $1k

Amalgamated Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$500$250k5 Year CD (In Branch Only)
1.70%$500$250k3 Year CD (In Branch Only)
1.65%$500$250k2 Year CD (In Branch Only)
1.60%$500$250k1 Year CD (In Branch Only)
1.05%$500$250k7 Month Promotional CD
1.05%$500$250k6 Month CD (In Branch Only)
0.85%$250k-1 Year Jumbo CD (In Branch Only)
0.60%$250k-120 Day Jumbo CD (In Branch Only)
0.60%$250k-150 Day Jumbo CD (In Branch Only)
0.60%$250k-6 Month Jumbo CD (In Branch Only)
0.60%$250k-210 Day Jumbo CD (In Branch Only)
0.60%$250k-270 Day Jumbo CD (In Branch Only)
0.50%$500$250k3 Month CD (In Branch Only)
0.50%$250k-3 Month Jumbo CD (In Branch Only)
0.25%$250k-14 Day Jumbo CD (In Branch Only)
0.25%$250k-30 Day Jumbo CD (In Branch Only)
0.25%$250k-60 Day Jumbo CD (In Branch Only)

Amalgamated Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.11%$500$250k18 Month Promotional IRA (In Branch Only)
1.10%$500$250k3 Year IRA (In Branch Only)
1.05%$500-7 Month Promotional IRA (In Branch Only)
0.85%$500$250k2 Year IRA (In Branch Only)
0.60%$500$250k1 Year IRA (In Branch Only)
0.50%$500$250k6 Month IRA (In Branch Only)
0.40%$500$250k3 Month IRA (In Branch Only)
Locations

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