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Open a powerful, interest-bearing Money Market account and receive a tiered one-time cash bonus1 and a promotional bonus rate of 5.25% APY2 for 6 months. This promotion is only available to new and existing customers who open a new Money Market account with new money3 during the promotional period listed below.
How the promotion works:
- Open a new Money Market account between March 1, 2024 and April 30, 20244 ; and
- Fund the new Money Market account with new money only3; and
- Maintain opening deposit requirements for 180 consecutive calendar days in the respective one-time cash bonus tiers illustrated in the table below
Key features:
- Competitive Rates: Earn interest on your money while it is still liquid.
- Flexibility: Deposit and withdraw money at any time just like a checking or savings account.
- Security: Your money is FDIC insured up to the maximum allowed by the law5.
Big on benefits and convenience
- Access to more than 40,000 surcharge-free Allpoint® ATMs6 and Allpoint+® ATMs nationwide7
- 24/7 Access with Online and Mobile Banking8
- A dedicated customer service team
Rates:
| Amount9,10,11,12 | One-Time Cash Bonus13 | APY2 | Interest Rate |
|---|---|---|---|
| $10,000 - $24,999.99 | $100 | 5.25% | 5.25% |
| $25,000 - $49,999.99 | $150 | 5.25% | 5.25% |
| $50,000 - $99,999.99 | $200 | 5.25% | 5.25% |
| $100,000+ | $250 | 5.25% | 5.25% |
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1 The value of the bonus may have to be reported to the IRS. Consult with your tax advisor for tax advice.
2 APY means Annual Percentage Yield.
3 New money is defined as deposits not previously held by Amalgamated Bank.
4 Money market account is considered open and eligible for promotion upon bank approval and receipt of account funding by April 30, 2024 (11:59pm Eastern, Central, & Pacific time).
5 The Federal Deposit Insurance Corporation (FDIC) grants deposit insurance of $250,000 per account title. You may also qualify for more than $250,000 in FDIC coverage at Amalgamated Bank if you have single accounts, joint accounts, Individual Retirement Accounts and trust accounts.
6 Fees may apply for non-Amalgamated, non-Allpoint® and international ATM transactions.
7 Allpoint+® ATMs may not be available in all states.
8 Your mobile carrier’s message and data rates may apply.
9 $100 minimum deposit is required to open a Money Market Account online. No minimum deposit is required to open a Money Market Account in branch. There is a maximum account opening funding capability of $250,000 if opened online, if opened in branch there are no deposit funding restrictions. Additional deposit may be made by visiting an Amalgamated Bank branch or by making an Electronic Funds Transfer (“EFT”). An EFT includes, ACH, Wire, External Transfers, and Internal Transfer.
10 There is a daily minimum balance requirement of $10,000 to maintain the promotional rate.
11 If opening balance is not maintained for 180 consecutive calendar days, you will not be eligible for the cash bonus; however, you may still receive the promotional rate as long as the minimum balance requirement for the promotion is met.
12 Making additional deposits after initial opening deposit will not qualify you for a higher cash bonus. Cash bonuses are based on initial opening deposit only.
13 Payment will be processed on November 22, 2024.
Rates effective as of March 1, 2024. 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 promotion may be discontinued at any time.
All accounts are subject to the bank’s Account Opening Disclosures.
For a complete list of fees, click here to view the Fee Schedule.
