Amalgamated Bank savings and CD rates, reviewed
Amalgamated Bank advertises 1.05% APY on its Online Savings account. That is 67 basis points above the national savings average of 0.38% (FDIC, Aug 2026).
Ranked #151 of 337 tracked savings rates. It was #125 three months ago. The bank has cut this rate once in the last 12 months.
Estimate your earnings →·What Amalgamated Bank actually pays →
Amalgamated Bank at a glance
| Top savings APY | 1.05% · Online Savings |
|---|---|
| Top CD APY | 4.03% · 7 months |
| Minimum deposit | $100 |
| FDIC certificate | 622 · New York, NY |
| Website | www.amalgamatedbank.com |
| Branches | 6 branches in CA, DC, NY |
| Availability | Nationally available |
Amalgamated Bank savings and CD rates
Rates are APY. The national savings average is 0.38% (FDIC, Aug 2026). The top tracked savings rate on Banksparency is 5.00%.
Amalgamated Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| 6 months | 2.87% | $500 | 6-Month CD |
| 7 months | 4.03% | $500 | 7-Month CD |
| 12 months | 3.15% | $500 | 1-Year CD |
| 24 months | 2.50% | $500 | 2-Year CD |
| 36 months | 2.70% | $500 | 3-Year CD |
| 60 months | 2.70% | $500 | 5-Year CD |
Interactive Tool
Calculate Savings for Amalgamated Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$396.40(2.8%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,396.40
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Amalgamated Bank pays on deposits
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced all of its deposits over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q1 2026, Amalgamated Bank paid a higher average rate than 57% of U.S. banks (all-bank median 2.27%).
- Amalgamated Bank, avg rate paid
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers every account that earns interest: savings, interest checking, money market accounts, CDs, and personal and business accounts at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older balances at the rates of earlier years, everyday transaction balances, and CDs that were priced in a different rate environment. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rate paid on interest-bearing deposits, quarterly. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated.
So what is the catch?
| Product | APY | Min to open | Min to earn | Monthly fee | Direct deposit | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|
| Online Savings | 1.05% | $100 | $0 | $0 | Not required | Tiered |
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
Opening and using the account
| Availability | Nationally available |
|---|---|
| Footprint | 6 branches in CA, DC, NY |
| App Store rating | 4.7 out of 5 |
| Google Play rating | 4.4 out of 5 |
| Zelle | Available |
| Eligibility | not stated |
How Amalgamated Bank behaves over time
- 12-month high
- 2.25%
- 12-month low
- 1.05%
- Advertised now
- 1.05%
- 120 basis points below the 12-month high
- Observed cuts, 12 months
- 1
- In a window with 3 Federal Reserve cuts
The advertised Online Savings rate, observed through Aug 19, 2026. The series includes promotional tiers where one applied.
Recent rate changes, as observed
- Obs. Mar 27, 2026Online Savings▼ 2.25% → 1.05%
- Online Savings APY
- Fed rate cut
Amalgamated Bank CD rates over time
Who is Amalgamated Bank?
| Headquarters | New York, NY |
|---|---|
| Scale | $9.2B assets · $8.2B deposits (Q1 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 622 |
| BBB rating | A+ · Not BBB Accredited |
Financial detail is in What Amalgamated Bank pays on deposits above.
Common questions about Amalgamated Bank
Is Amalgamated Bank FDIC insured?
Yes. Amalgamated Bank is FDIC insured under certificate 622, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Amalgamated Bank?
Amalgamated Bank requires a minimum deposit of $100 to open its Online Savings account, as observed on Aug 19, 2026. Check the bank's current terms before you open an account.
Does Amalgamated Bank have branches?
Yes. Amalgamated Bank operates 6 branches according to FDIC branch records, in addition to its website and mobile apps.
Amalgamated Bank against its closest alternatives
| Bank | Savings APY | Rate paid (Q1 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Amalgamated Bank | 1.05% | 2.39% | $100 | 6 branches in CA, DC, NY |
| First Federal Savings and Loan Association of Central Illinois, S.B. | 1.26% | 2.38% | $1,000 | 4 branches in IL |
| First Community Bank of Hillsboro | 1.00% | 1.58% | not stated | 2 branches in IL |
| First State Bank & Trust | 1.35% | 1.76% | $2,000 | 4 branches in ND |
Alternatives are the three tracked banks whose best savings APY is closest to Amalgamated Bank's.
Similar banks and rate hubs
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Rate hubs: today's best savings rates, and CD rates by term.