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Convenience Savings

Convenience Savings

Kick-start your savings with no monthly maintenance fees and variable tiered interest rates based on balances1.

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Open a Convenience Savings account at your nearest Amalgamated Bank branch

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Product details

Convenience Savings

Monthly maintenance fee
Minimum deposit to open
Earns interest


  • Basic savings account for your everday banking needs
  • Only available at an Amalgamated branch2

1 Fees may reduce earnings.

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


Convenience Savings

Amount APY* Interest rate
$0 - $99.99 0.01% 0.01%
$100+ 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.

Putting our mission into action

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For 96 years, social responsibility has been embedded into our products, policies, programs, operations and mission. So two years ago when we were recognized by B Lab as a company that meets their rigorous standards for social and environmental performance, accountability and transparency, it was an important third party endorsement.

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Today, I am proud to announce that we are the first bank in the United States to increase our minimum wage to $20 an hour for all full-time employees. By raising our minimum wage, we are continuing to honor our roots in the labor movement and to do our part in creating greater access and opportunity for our workers and their families.

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With the launch of the “Hate Is Not Charitable Campaign”, the Amalgamated Foundation announced to the world that we would not sit quietly while organizations that promote hate continue to work the system to benefit their abhorrent actions.