Amalgamated Bank

Last Updated: 6/20/2025

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

Quick Views

Online Savings: 2.25% APY(Rank 74 out of 74 tracked HYSAs)

Minimum Deposit: $100

National Savings Interest Rate: 0.42% (as of 5/19/2025)

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

(Source: FDIC)

Bank Overview

BBB Rating: A+

App Store Rating: 4.7/5

Google Play Rating: 4.1/5

Website: Visit Amalgamated Bank

Our Take on Amalgamated Bank

Highlights

  • APY of 2.25% for the first 6 months on Online Savings account.
  • No maintenance fees for savings accounts.
  • A+ BBB rating indicates strong trustworthiness.
  • High App Store rating of 4.7.

Considerations

  • APY is promotional and may change after 6 months.
  • No branch locations available.
  • Direct deposit is not required but may limit options.
  • Google Play rating is lower at 4.1.
Summary: Amalgamated Bank offers a competitive APY of 2.25% for the first six months on its Online Savings account, with no maintenance fees and a strong A+ BBB rating. However, the APY is promotional and may change after the initial period. The bank lacks physical branches and has a lower Google Play rating of 4.1 compared to its App Store rating of 4.7. Overall, it presents a solid option for online savers.

Savings Account

Savings Account Offered by Amalgamated Bank

FeatureOnline Savings
APY
2.25% (as of 6/20/2025)
APY TrendStable for the last month
Minimum Deposit$100
Minimum Balance for APY$0
FDIC-insured
Yes
Online OnlyNo
Bundled Account
No
Direct Deposit Required
No
Compound Frequency
Daily
Maintenance Fee$0
EligibilityUnited States
NoteThis promotional APY is available for the first 6 months (182 days) from account opening on the entire balance, and is subject to change after the 6 months (182 days) at the bank's discretion.

No deposit agreement summary available for this bank.

Calculate Savings for Amalgamated Bank

All calculations are based on APY.

Online Savings (APY: 2.25%)

Deposit Frequency:

Total savings breakdown:

  • Interest earned: $2 (1.96%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $100 (98.04%)

Your total balance

$102.00

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

MetricOnline Savings
Latest APY2.25 %
TrendSideways
Slope (bps/mo)-0.1
Rate Changes / Mo0.21
Days Since Last Change143
High (-5 m)2.35 %
Low (-5 m)2.25 %
Draw-down from High-4.3 %
Volatility (CV)0.004
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 5 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 (-5 m)
Highest APY in the last 144 days.
Low (-5 m)
Lowest APY in the last 144 days.
Draw-down from High
How far today sits below the 5-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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  • TAB Bank - 4.26% APY
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FeatureAmalgamated BankSelect a bank...
ProductOnline SavingsN/A
APY
2.25% (as of 6/20/2025)N/A
Bundled Account
NoN/A
FDIC-insured
YesN/A
Online OnlyNoN/A
Compound Frequency
DailyN/A
Minimum Deposit$100N/A
Minimum Balance for APY$0N/A
Maintenance Fee$0N/A
Direct Deposit Required
NoN/A
NoteThis promotional APY is available for the first 6 months (182 days) from account opening on the entire balance, and is subject to change after the 6 months (182 days) at the bank's discretion.N/A