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Commercial Savings
Commercial Savings

Building cash reserves for your business

Our Savings Accounts and CDs are built on the premise that any additional funds your business has should be put in a position of growth. Whether you’re looking for full access to your funds at all times or want to invest for the short or long term, we offer a range of options with competitive rates.

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    Product details

    Savings Account

    Put your money to work for you while having the ability to access it whenever you need. Enjoy no minimum balance requirements and no monthly maintenance fee, among other benefits.  

    • Variable interest rates
    • Unlimited in-person deposits and withdrawals*

    Money Market Account

    Offering a higher rate of interest on larger balances, the money you save in a Money Market Account will accumulate faster.

    • Higher interest rates on higher balances
    • Minimum initial deposit of $1000
    • No monthly fee with an average daily balance of $1000 or higher; otherwise the monthly fee is $7
    • Unlimited in-person deposits and withdrawals*

    Certificates of Deposit

    Get a guaranteed rate of return on funds you set aside for a specific period of time. Whether you’re looking to open a CD with $500 or a higher amount up to $250,000, we have the right investment vehicle for you. Features include: 

    • Competitive interest rates
    • Flexible terms, ranging from three (3) months to five (5) years
    • Minimum initial deposit of $500
    • No  monthly maintenance fees
    • FDIC insurance

    Reciprocal Deposit (Savings) Program

    Giving businesses peace of mind with FDIC insurance on deposits over $250,000

    Our Reciprocal Deposit Program gives you the convenience of working with a single bank while enjoying the peace of mind of full FDIC insurance for balances over $250,000. It's a smart way for businesses to invest larger sums of money.

    Through CDARS (Certificate Deposit Account Registry Service), large deposits are broken into smaller deposits and placed at other member banks. This allows your entire investment to be eligible for full FDIC insurance coverage. 

    • Choose your investments - CDs, deposit accounts or money market accounts
    • Keep all of your funds working and insured with Insured Cash Sweep (ICS) service
    • Negotiate one rate on CD investments
    • Get access to full FDIC insurance on your total investment
    • Have all your accounts managed under one roof
    • Receive the high level of service and attention you expect from Amalgamated Bank

    * Transfers from Money Market accounts to another account or to third parties by preauthorized automatic, telephone, or electronic transfers are limited to a combined total of six (6) per month.

    How we’re different

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    Earth Day is a day to celebrate our planet.  Created in 1970, the day marks the birth of the environmental awareness and protection movement, an impact area at the cornerstone of Amalgamated’s mission.  

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    In strong job markets, such as the one we’re experiencing now, employers face the reality of a potentially fleeting workforce. An abundance of jobs, paired with the rise of transferable skills and the newfound mobility that workers enjoy, leaves companies with the task of continuously coming up with new and innovative ways to keep talent.

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    Amalgamated Bank works hard every day to support the most powerful change makers in America. We have the honor of standing with thousands of leaders of social change – nonprofits, foundations, labor unions, and more - as they take on complex, deeply rooted issues affecting hundreds of millions of lives.