Reciprocal Deposit (Savings) Program

Giving businesses peace of mind with FDIC insurance on deposits over $250,000

Our Reciprocal Deposit (Savings) Program offers a smart way for businesses to invest larger sums of money.

Through CDARS (Certificate Deposit Account Registry Service), large deposits are broken into smaller deposits and placed at other member banks. This allows your entire investment to be eligible for full FDIC insurance coverage. 

  • Choose your investments - CDs, deposit accounts or money market accounts
  • Keep all of your funds working and insured with Insured Cash Sweep (ICS) service
  • Negotiate one rate on CD investments
  • Get access to full FDIC insurance on your total investment
  • Have all your accounts managed under one roof
  • Receive the high level of service and attention you expect from Amalgamated Bank




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