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Color Of Change Give-Back Savings account

Support Color Of Change through your everyday banking

Do something about injustice

As the largest online racial justice organization in America, Color Of Change helps people respond effectively to injustice in the world around us. As a powerful, national online force driven by over one million members, Color Of Change moves decision-makers in corporations and government to create a more human and less hostile world for Black people in America.

Open a

1.00%APY1

FDIC-Insured Color Of Change Give-Back Savings account today

Earn a competitive variable interest rate plus Amalgamated will match half of the interest you earn and donate it to Color Of Change.

Or continue an existing application

How it works

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Step 

1
Open Savings account
To support Color Of Change
Investing

Step 

2
You earn interest
The more you save, the more interest you earn
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Step 

3
We'll donate
Amalgamated will donate the equivalent of half the interest that you earn
  • Earn a competitive variable interest rate of 1.00% APY1 plus Amalgamated will match half of the interest you earn and donate it to Color Of Change
  • Get an ATM card that proudly displays your support for Color Of Change every time you take out your wallet
  • No minimum balance required to open
  • Free Online and Mobile Banking2 with state-of-the-art features like Touch ID® login and Mobile Check Deposit
  • Surcharge-free access to more than 40,000 Allpoint® ATMs3 nationwide
  • No monthly maintenance fees

 

Enable Calculation
You save, we donate4
Color Of Change logo
Color Of Change

As the largest online racial justice organization in America, Color Of Change helps people respond effectively to injustice in the world around us. As a powerful, national online force driven by over one million members, Color Of Change moves decision-makers in corporations and government to create a more human and less hostile world for Black people in America.

Or continue an existing application

1 APY means Annual Percentage Yield. Rates effective as of September 24, 2018.
2 Your mobile carrier's message and data rates may apply.
3 Fees may apply for non-Amalgamated, non-Allpoint® and international ATM transactions.
4 This is a hypothetical calculation based on current rates, annual cumulative interest earned and annual donation made based on balances in your account. Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. This calculator is for illustrative purposes only. The information shown is designed to provide basic information about the amount of interest you may earn and the amount of money that Amalgamated Bank may donate to the organization you designate at account opening. See the Bank's Account Opening Disclosures for more information on the calculation and payment of interest and other important information about the account.

* Special Rules for Give-Back Savings accounts – When you open your Give-Back Savings account, you designate the Participating Organization to which you want the Bank to contribute. In addition to the interest paid to you, the Bank will make a contribution to that Organization following the end of each month. The amount of the contribution will be equal to one-half of the total interest paid to your Give-Back Savings account during that month.
This contribution is paid directly to the Participating Organization by the Bank, at no cost to you, and is not part of the APY for your account. As the Give-Back contribution is made by the Bank, there may be no tax implications to you. Consult your tax advisor to fully understand the tax implications for you. There is no substitute for this contribution, and you cannot opt to receive it directly.
If you close your Give-Back Savings account, the Participating Organization will no longer receive a contribution based on your balance. If the Bank terminates its agreement with the Organization, we will no longer make a contribution to that Organization based on your balance. You may not designate a different Participating Organization, nor stop Bank contributions to the current Participating Organization, unless you close your Give-Back Savings account and open a new account.
This is a variable rate account. The rates may change after the account is opened. Fees may reduce earnings. Advertised rate and APY are offered at the bank's discretion and may change daily.
This account can only be opened online. It cannot be opened at an Amalgamated Bank branch.
All accounts are subject to the Bank's terms and conditions.
For a complete list of fees, please click here to view the Fee Schedule.