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Amalgamated Bank

Popular Accounts at this Bank

0.15%CheckingConvenience+ Checking
1.05%6-month CD7 Month Promotional CD
1.45%5-year CD5 Year CD

Reviews (2)

Amalgamated Sucks

I can't say that my first experience with Amalgamated Bank was all that favorable. My Mother was sick that day and she asked me to go deposit her check into her account using her ATM card. Walking into the vestibule the first thing I noticed was a homeless man sleeping under the ATM machines. I chose not to wake the man, instead I walked into the main potion of the bank. Upon entering I was greeted by a security guard who called me honey and asked what I was doing later on that night.Ignoring the pig, I filled out the deposit slip and waited online for the ONE teller to finish up. After the 5-10 minute wait I approached the teller and handed over the deposit slip and paycheck. The extremely rude teller then demanded my ID. I informed her that it wasn't mine and I was doing a favor for my mother. She then slides the check back to me and said that if my name wasn't on the account I could not deposit the check through a teller. I told her I was originally trying to do it through the ATM but some guy was sleeping under it. She looked at me and in a very sarcastic voice said " Well I guess your going to have to wait until he's done with his little nap." I will never visit that bank again.

They Just Plain Stink

Posted by: Anonymous | Aug 7, 2010

Their branches, products, service, and their management just plain STINK. Derick Cephas (CEO) is the biggest ignoramus to ever run that dis-organization. And for good reason...the man is a lawyer, not a banker. He runs the bank as if he knew what he were doing. His poor decisions have cost the bank dearly in terms of profits, employee morale, customer relations, Union relations, etc. The bank is going downhill and fast. Do yourself a favor and skip that dump. If you're currently a customer, switch to another bank before you are a victim of the bank's poor performance. YOU HAVE BEEN WARNED!!!


Health Grade Components

FDIC Certificate #622
Year Established1923
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD4.45%
Annual Interest Income$104.0MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$4.07B$4.06B
LoansQ3 2017vs Q3 2016$2.69B$2.38B
DepositsQ3 2017vs Q3 2016$3.08B$3.08B
Equity CapitalQ3 2017vs Q3 2016$351.4MM$352.3MM
Loan Loss AllowanceQ3 2017vs Q3 2016$37.1MM$33.4MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$48.7MM$30.2MM
Real Estate OwnedQ3 2017vs Q3 2016$1.5MM$3.4MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Amalgamated Bank Savings Account Rates

0.70%--Give-Back Savings Account (Online Only)
0.40%--Variable IRA
0.35%--The Club Account
0.15%*$100*-Convenience Savings
OTHER TIERS: 0.06% Up to $100

Amalgamated Bank Money Market Rates

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

0.15%*$1k*-Convenience+ Checking
OTHER TIERS: 0.06% Up to $500 | 0.10% $500 - $1k

Amalgamated Bank CD Rates

1.45%$500-5 Year CD
1.35%$500-3 Year CD
1.10%$500-2 Year CD
1.05%$500-7 Month Promotional CD
1.00%$500-1 Year CD
0.60%$500-6 Month CD
0.50%$500-3 Month CD

Amalgamated Bank IRA Rates

1.11%$500-18 Month Promotional IRA
1.10%$500-3 Year IRA Fixed Rate
1.05%$500-7 Month Promotional IRA
0.85%$500-2 Year IRA Fixed Rate
0.60%$500-1 Year IRA Fixed Rate
0.50%$500-6 Month Fixed-Rate IRA
0.40%$500-3 Month Fixed-Rate IRA