Amalgamated Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.15% | Checking | Convenience+ Checking |
| 0.80% | 6-month CD | 7 Month Promotional CD 0.39% - National Average |
| 1.45% | 5-year CD | 5 Year CD 2.40% - Goldman Sachs Bank USA 5 Year CD |
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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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
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!!!
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 622 |
| Year Established | 1923 |
| Employees | 385 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.31% |
| Return on Equity - YTD | 3.69% |
| Annual Interest Income | $67.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $4.17B$3.93B |
| Loans | Q2 2017vs Q2 2016 | $2.73B$2.30B |
| Deposits | Q2 2017vs Q2 2016 | $3.10B$2.94B |
| Equity Capital | Q2 2017vs Q2 2016 | $346.4MM$348.1MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $40.2MM$33.4MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $45.3MM$34.5MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $2.3MM$2.4MM |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.15%* | $1k* | - | Convenience+ Checking | ||
| OTHER TIERS: 0.06% → Up to $500 | 0.10% → $500 - $1k | |||||
Amalgamated Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.45% | $500 | - | 5 Year CD | |
| 1.35% | $500 | - | 3 Year CD | |
| 1.10% | $500 | - | 2 Year CD | |
| 1.00% | $500 | - | 1 Year CD | |
| 0.80% | $500 | - | 7 Month Promotional CD | |
| 0.60% | $500 | - | 6 Month CD | |
| 0.50% | $500 | - | 3 Month CD |
Amalgamated Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.11% | $500 | - | 18 Month IRA Promotional | |
| 1.10% | $500 | - | 3 Year IRA Fixed Rate | |
| 0.85% | $500 | - | 2 Year IRA Fixed Rate | |
| 0.80% | $500 | - | 7 Month IRA Promo CD | |
| 0.60% | $500 | - | 1 Year IRA Fixed Rate | |
| 0.50% | $500 | - | 6 Month Fixed-Rate IRA | |
| 0.40% | $500 | - | 3 Month Fixed-Rate IRA |
