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Convenience Savings
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
$0
Minimum deposit to open
$0
Earns interest
Yes

 

  • Basic savings account for your everyday 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.

Rates

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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The light at the end of the pandemic tunnel has gotten a little brighter recently, especially as the number of U.S. COVID-related hospitalizations continues to dwindle and the number of fully vaccinated people in the country reaches nearly 40% of the population.1

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Officially one year into the COVID-19 pandemic and erratic state-by-state lockdowns, we continue to question what a “new normal” will look like for our country. We know that a return to old ways of doing business isn’t viable for the health of our planet and communities and that we have a responsibility to radically reimagine how we do business. 

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Amalgamated Bank logo on glass

Today, Amalgamated Bank announced its endorsement of HR 40, which is calling upon the Federal Government to form a Commission to explore reparations for African Americans. As of now, we are the first major U.S. bank to endorse HR 40, but are hopeful we are not the last.