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Amalgamated Bank

Popular Accounts at this Bank

0.15%CheckingConvenience+ Checking
0.70%6-month CD7 Month Promotional CD
1.45%5-year CD5 Year CD

Overview / Commentary
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.

Related Posts

Amalgamated Bank Has Nationally Available $150 Checking Bonus - 5/13/2016

Amalgamated Bank is offering a $150 bonus now through June 30, 2016 when opening a Convenience+ Checking account. Available nationally online and in-branch.

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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 - YTD0.26%
Return on Equity - YTD3.02%
Annual Interest Income$126.7MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$4.05B$3.82B
LoansQ4 2016vs Q4 2015$2.51B$2.27B
DepositsQ4 2016vs Q4 2015$3.02B$2.73B
Equity CapitalQ4 2016vs Q4 2015$341.6MM$332.3MM
Loan Loss AllowanceQ4 2016vs Q4 2015$35.7MM$33.7MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$37.3MM$46.5MM
Real Estate OwnedQ4 2016vs Q4 2015$2.9MM$2.0MM
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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

0.40%--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
0.85%$500-1 Year CD
0.70%$500-7 Month Promotional CD
0.60%$500-6 Month CD
0.50%$500-3 Month CD
0.10%$500-15 Month Rate Bump Promotional CD

Amalgamated Bank IRA Rates

1.11%$500-18 Month IRA Promotional
1.10%$500-3 Year IRA Fixed Rate
0.85%$500-2 Year IRA Fixed Rate
0.70%$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

Amalgamated Bank has 15 locations. Click to view all Amalgamated Bank locations.