Amalgamated Bank: Savings Accounts & Rates

Savings rates updated: 10/22/2025

Mission statement: Banksparency aims to make Amalgamated Bank's savings accounts transparent and comparable to those of other banks. .

Note: Interest rates below are reported as APY, or Annual Percentage Yield

We earn a commission if you open an account through some links on this page.

Savings Overview

Online Savings: 2.25% APY

(This savings account appears to be inactive as of October 23, 2025.)

Minimum Deposit: $100

National Savings Interest Rate: 0.4% (as of 10/20/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: New York, New York

Founded: 1923

Deposit Insurance: FDIC Cert # 622

BBB Rating: A+ (Not BBB Accredited)

App Store Rating: 4.7/5

Google Play Rating: 4.1/5

Website: Visit Amalgamated Bank

Our Take on Amalgamated Bank

No active products available at this time.

Summary: Amalgamated Bank's Online Savings account is currently inactive, having last been available on October 23, 2025. The account required a minimum deposit of $100 and had no maintenance fees. While it offered a competitive APY of 2.25%, this is no longer accessible. The bank has an A+ BBB rating but is not accredited, and it has a solid App Store rating of 4.7, although the Google Play rating is lower at 4.1.

Savings Account: In-Depth View

Savings Account Offered by Amalgamated Bank

Feature	Online Savings (Inactive)
APY	2.25% (as of 10/22/2025)
APY Trend	Stable for the last quarter
Minimum Deposit	$100
Minimum Balance for APY	$0
FDIC-insured	Yes
Online Only	No
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Daily
Maintenance Fee	$0
Eligibility	United States
Note	This savings account appears to be inactive as of October 23, 2025.
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Calculate Savings for Amalgamated Bank

All calculations are based on APY.

Savings Product:

Online Savings (APY: 2.25%) (Inactive)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $862.5 (5.80%)
Total contributions: $13,000 (87.47%)
Initial deposit: $1,000 (6.73%)

Your total balance

$14,862.50

Effective APY: 2.25% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Amalgamated Bank Savings Rates Over Time

Historical APY Insights

Metric	Online Savings
Latest APY	2.25 %
Trend	Sideways
Slope (bps/mo)	-0.0
Rate Changes / Mo	0.10
Days Since Last Change	290
High (-10 m)	2.35 %
Low (-10 m)	2.25 %
Draw-down from High	-4.3 %
Volatility (CV)	0.003

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 10 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-10 m): Highest APY in the last 291 days.
Low (-10 m): Lowest APY in the last 291 days.
Draw-down from High: How far today sits below the 10-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare Amalgamated Bank's Savings Account

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Feature	Amalgamated Bank	Select a bank...
Product	Online Savings (Inactive)	N/A
APY	2.25% (as of 10/22/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	No	N/A
Compound Frequency	Daily	N/A
Minimum Deposit	$100	N/A
Minimum Balance for APY	$0	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A
Note	This savings account appears to be inactive as of October 23, 2025.	N/A

Alternatives to Amalgamated Bank

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

SoFi Bank

SoFi Savings: 4.30% APY

High-Yield Savings Account: 4.10% APY

Minimum Deposit: $1,000

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Eligible States: Limited (see details)

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High-Yield Savings Account: 4.25% APY

Minimum Deposit: $2,500

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Salem Five Direct

eOne Savings: 3.71% APY

Minimum Deposit: $10

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