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Business Savings

Build cash reserves for your business

Our Savings Accounts and CDs are tailored to help you grow for your business. Whether you're looking for full access to your funds or want to invest for the short or long-term, we offer a range of options with competitive rates.

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Money Market Account


Save more money faster with a higher rate of interest on larger balances.
Features include:

  • No monthly fee with an average daily balance of $1000 or higher; otherwise, the monthly fee is $7
  • Minimum initial deposit of $1000
  • Unlimited in-person and electronic deposits and withdrawals


Certificate of Deposit (CD)


Get a guaranteed rate of return when you set aside funds for a specific period. With CDs funds are insured up to $250,000 for FDIC coverage available, we have the right investment vehicle for you.
Features include:

  • Competitive interest rates
  • Flexible terms, ranging from six (6) months to five (5) years
  • Minimum initial deposit of $500
  • No monthly maintenance fees


Reciprocal Deposit Program


Access full FDIC insurance coverage on deposits over $250,000 in our Reciprocal Deposit Program1. Your business can conveniently invest larger sums of money with a single bank through CDARS1 (Certificate Deposit Account Registry Service), where large deposits are broken into smaller deposits and placed at other member banks.

  • Choose your investments - CDs, deposit accounts or money market accounts
  • Insure your funds with Insured Cash Sweep (ICS) service
  • Negotiate one rate on CD investments
  • Receive the high level of service and attention you expect from Amalgamated Bank


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Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not extend the FDIC standard maximum deposit insurance amount ("SMDIA") at any one destination bank, a depositor's balances at the institution that places deposits may exceed SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and ICS are registered service marks, and IntraFi hexigon and IntraFi are service markes, of IntraFi Network LLC.