- No minimum balance required
- Competitive monthly maintenance and transaction fees
- Direct Deposit Services
- Earnings credit based on your monthly collected balance can help you reduce or eliminate fees.
- Deposits are made to an interest-bearing money market account which is linked to your business checking account
- When items are presented for payment on your checking account, the funds "sweep" from the money market account to cover the total amount
- Competitive interest rates offered
- Some restrictions to the number of transfers that can be made each month
- Competitive interest rates
- Initial deposit of $500 required
- $500 average daily balance must be maintained to avoid fees
- Interest earned from day of deposit (compounded and credited monthly)
- Some restrictions to the number of checks and transfers that can be made each month
- Competitive interest rates
- Interest earned from day of deposit (compounded and credited monthly)
- Statements issued monthly. Accounts with no activity receive statements quarterly.
- Competitive interest rates
- Terms up to five years
- Minimum opening deposit of $500
- Early withdrawal penalties
- Maximum deposit: $99,000
- Interest earned can be transferred monthly to your Amalgamated Bank checking, savings or money market account
- Competitive interest rates
- Terms up to one year
- Minimum opening deposit of $100,000
- Early withdrawal penalties
All of the accounts listed above are FDIC insured.
If you have any questions about these products, click here .