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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 everday banking needs
  • Unlimited in-person deposits and withdrawals
  • Only available at an Amalgamated branch2

1 Excess transaction fees for more than the number of permitted transactions may apply. 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 0.06% 0.06%
$100+ 0.10% 0.10%
* APY means Annual Percentage Yield
Rates effective as of 10/01/2019. 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.

How we're different

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For 96 years, social responsibility has been embedded into our products, policies, programs, operations and mission. So two years ago when we were recognized by B Lab as a company that meets their rigorous standards for social and environmental performance, accountability and transparency, it was an important third party endorsement.

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photo of $20 bills and a person on a calculator

Today, I am proud to announce that we are the first bank in the United States to increase our minimum wage to $20 an hour for all full-time employees. By raising our minimum wage, we are continuing to honor our roots in the labor movement and to do our part in creating greater access and opportunity for our workers and their families.

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photo of woman giving the peace sign

With the launch of the “Hate Is Not Charitable Campaign”, the Amalgamated Foundation announced to the world that we would not sit quietly while organizations that promote hate continue to work the system to benefit their abhorrent actions.