Amalgamated Bank

Reviews (3)

Pretty Good Choice For A Main Bank

Posted by: |

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.

The Worst Bank Experience I Have Ever Had

Posted by: |

I am so disappointed by Amalgamated commercial banking and the amount of time I have lost in choosing to bank with them.

First the customer service is terrible. Every time I call I spend an average of 40min to an hour on hold. The process of setting up the account took several weeks (where as an account at my other bank took only a few days) and I had to constantly follow up with the rep who was "assisting me" in setting up the account. At times I left multiple emails and messages saying things like " I have not heard from you in a week, what is happening with my account opening". They mailed my debit card to the wrong address. I've been waiting for my checks in the mail for over a month to which the agent said she forgot to order them. The web and mobile banking is cumbersome with codes assigned to login in that are difficult to remember and and archaic web design. I was trying to support a smaller local bank that seemed to have a good social impact, but I am really regretting choosing Amalgamated and as soon as I have free time will take the time to close this account and open with another bank.I strongly suggest you do not do commercial banking with them.

Online Interest Rates Dropped To 0.30%

Posted by: |

online interest rates dropped to 0.30%


Health Grade Components

FDIC Certificate #622
Year Established1923
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD9.15%
Annual Interest Income$190.5MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$5.98B$5.32B
LoansQ4 2020vs Q4 2019$3.46B$3.44B
DepositsQ4 2020vs Q4 2019$5.34B$4.64B
Equity CapitalQ4 2020vs Q4 2019$535.7MM$490.4MM
Loan Loss AllowanceQ4 2020vs Q4 2019$41.6MM$33.8MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$62.3MM$31.5MM
Real Estate OwnedQ4 2020vs Q4 2019$307.00K$809.00K
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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

0.40%--Online Savings
0.30%--Give-Back Savings Account (Online Only)
0.10%--The Club Account
0.10%$10-Variable IRA
0.05%*$100*-Convenience Savings
OTHER TIERS: 0.01% Up to $100

Amalgamated Bank Money Market Rates

0.15%*$50k*-Money Market
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $50k

Amalgamated Bank Checking Account Rates

0.20%*$2.5k*-Online Checking
OTHER TIERS: 0.10% Up to $2.5k
0.15%*$2.5k*-Give-Back Checking
OTHER TIERS: 0.10% Up to $2.5k
0.05%*$500*-Convenience+ Checking
OTHER TIERS: 0.01% Up to $500

Amalgamated Bank CD Rates

0.35%$500$250k5 Year CD (In Branch Only)
0.30%$500$250k2 Year CD (In Branch Only)
0.30%$500$250k3 Year CD (In Branch Only)
0.25%$500$250k1 Year CD (In Branch Only)
0.10%$500$250k6 Month CD (In Branch Only)

Amalgamated Bank IRA Rates

0.40%$500$250k3 Year IRA (In Branch Only)
0.35%$500$250k2 Year IRA (In Branch Only)
0.30%$500$250k1 Year IRA (In Branch Only)
0.15%$500$250k6 Month IRA (In Branch Only)
0.10%$500$250k3 Month IRA (In Branch Only)

Amalgamated Bank Locations
Union Square Branch10 East 14th StreetNew York, NY 10003
Fulton Street Branch1212 Fulton StreetBrooklyn, NY 11216
1825 K Street Branch1825 K Street, N.W.Washington, DC 20006
Bartow Avenue Branch2067 Bartow AvenueBronx, NY 10475
Amalgamated Bank275 7th AveNew York, NY 10001

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