Personal Banking

Compare Checking Accounts

Product

Online Checking

A powerful interest-bearing checking account that can be opened in minutes1

Minimum Opening Deposit

$100

Fees

$0

Earn Interest

Yes

See rates 

Amount APY* Interest rate
$0 - $2,499.99 0.10% 0.10%
$2,500+ 0.20% 0.20%
* APY means Annual Percentage Yield
Rates effective as of 03/25/2020. 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.

Includes check writing

Yes

Product

Affordable Checking

An accessible no-fee checking account to meet your everyday needs2

Minimum Opening Deposit

$0

Fees

$0

Earn Interest

No

Includes check writing

Yes

Product

Convenience+ Checking

A powerful checking account that includes more benefits and perks2 

Minimum Opening Deposit

$0

Fees

$0*

Earn Interest

Yes

See rates 

Amount APY* Interest rate
$0 - $499.99 0.01% 0.01%
$500 - $999.99 0.05% 0.05%
$1,000+ 0.05% 0.05%
* APY means Annual Percentage Yield
Rates effective as of 03/25/2020. 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.

Includes check writing

Yes

*With a qualified direct deposit or $10 if no direct deposit3


1 This account can only be opened online. It cannot be opened at an Amalgamated Bank branch.

2 This account can only be opened at an Amalgamated branch. It cannot be opened online.

3 A qualifying direct deposit is an electronic deposit of your salary, pension, Social Security, or other recurring monthly income to your account. Transfers from one account to another, or deposits made at a branch location, ATM, or through a mobile device, do not qualify as a direct deposit. The monthly service fee will be waived for the first statement cycle to allow you to receive direct deposit to your account. After the first statement cycle, the monthly service fee will be assessed unless your account received direct deposit.