Personal Deposit Products

Amalgamated Bank of Chicago understands the importance of personal banking. Whether you are saving for the future or opening your first loan, we are your loyal, trusted banking partner. We can help you to determine which of our comprehensive personal banking solutions is right for you.

We make it easy to choose the right checking account.

Learn More About Personal Accounts

Checking

Economy Checking

$100 initial minimum deposit
The first 18 transactions (check, deposit, or withdrawal) for each statement cycle have no service fee
Afterward, a $.40 service fee will be assessed for each transaction (with the exception of transactions at an Amalgamated Bank of Chicago, Star® or MoneyPass ATM, which have no fee)
Copies of check images upon request (for a fee)
Complimentary first order of basic duplicate checks
Fees are assessed for check printing and endorsement stamps (fees vary depending on style)

Regular Checking

$800 initial minimum deposit
Unlimited deposits and withdrawals
No service fee for transactions at Amalgamated Bank of Chicago, Star® or MoneyPass ATM
Images of canceled checks returned with statements
No fee for check imaging
A $12 service charge will be applied for each month in which the balance on any day falls below $800 and average monthly balance falls below $2,000
Fees are assessed for check printing and endorsement stamps (fees vary depending on style)

Checking Plus

$1,000 initial minimum deposit
Unlimited deposits and withdrawals
No service fee for transactions at Amalgamated Bank of Chicago, Star® or MoneyPass ATM
Earn interest on your balance *
Images of canceled checks returned with statements
No fee for check imaging
A $12 service charge will be applied for each month in which the balance on any day falls below $1,000 and average monthly balance falls below $2,500
Fees are assessed for check printing and endorsement stamps (fees vary depending on style)

* Floating market rate paid monthly. The daily balance method is used to calculate the interest on the account. If the daily balance on any day falls below $1,000, no interest will accrue that day. If the account closes before the end of the statement cycle, no interest will be paid for that cycle.

Personal Checking Comparison Chart
Product Feature	Economy Checking	Regular Checking	Checking +
Minimum initial deposit	$100	$800	$1,000
Minimum balance requirement	No	Yes**	Yes**
Interest-bearing	No	No	Yes
Returned check images	Upon request (for a fee)	Yes	Yes
AmalgaMoney Debit Card	Yes	Yes	Yes
Transaction fee	Yes ($.40 per transaction after the first 18 transactions in the statement cycle)	No	No
Check imaging fee	Yes	No	No
Check printing fee	Yes	Yes	Yes

** Regular Checking: A $12 service fee will be charged for each month in which your daily balance drops below $800, and average monthly balance drops below $2,000; Checking+: A $12 service fee will be charged for each month in which your daily balance drops below $1,000 and your average monthly balance drops below $2,500.

Savings

We offer several personal savings options to ensure the best fit for you.

All of the savings accounts listed below share the following features:

Unlimited deposits
Unlimited withdrawals
Earn interest on balances (If the daily balance on any day falls below the amount in the chart below, no interest will accrue that day. If the account closes before the end of the calendar quarter, no interest will be paid for that quarter. The daily balance method is used to calculate the interest on the account.)

The various saving account options have different required balance thresholds in order to gain access to the products’ benefits.

Statement Savings

Minimum initial deposit, and minimum daily balance required to earn interest: $250
If the balance on the account remains above $250 each day within a quarter, no service fee will apply (otherwise, $3)

Premium Statement Savings

Minimum initial deposit, and minimum daily balance required to earn interest: $1,000
If the balance on the account remains above $1,000 each day within a quarter, no service fee will apply (otherwise, $3)

Exclusive Savings

Minimum initial deposit, and minimum daily balance required to earn interest: $2,500
If the balance on the account remains about $2,500 each day within a quarter, no service fee will apply (otherwise, $12)

Personal Savings Comparison Chart
Product Feature	Statement Savings	Premium Statement Savings	Exclusive Savings
Minimum initial deposit	$250	$1,000	$2,500
Minimum daily balance required to earn interest	$250	$1,000	$2,500
$12 service fee each quarter in which the balance on any day falls below	$250	$1,000	$2,500

Money Market^†

Earn a competitive, floating market rate through our Money Market account:

$1,500 minimum balance required to open and maintain an account
Unlimited deposits
Earn interest on balances (Note: If the daily balance on any day falls below $1,500, no interest will accrue that day. If the account closes before the end of the calendar quarter, no interest will be paid for that quarter. The daily balance method is used to calculate the interest on the account.)
Images of canceled checks returned with statements
No fee for check imaging
$15 service charge for each transaction in excess of six in any statement cycle

^† Account opening subject to approval

Individual Retirement Accounts (IRAs)***

Our Traditional IRA and Roth IRA share the following characteristics:

Small minimum deposit required
Maturities can be set to 12, 18, 24, 30, or 36 months
Earn a fixed market rate on deposits, with interest paid quarterly
Withdrawals prior to maturity are subject to substantial early withdrawal penalties

IRA Comparison Chart
Activity	Traditional	Roth
Contributions	May be partially or fully tax-deductible	Not tax-deductible
Earnings	Tax-deferred	Grow tax-free (based on the Taxpayer Relief Act of 1997)

IRAs are not FDIC-insured, not bank-guaranteed, not a deposit, have investment risk and may go down in value.

*** Please contact your tax advisor before contributing to an IRA

Certificates of Deposit (CDs)

$1,000 minimum deposit
Terms range from 30 days to five years
Time deposit withdrawals prior to maturity may be subject to substantial early withdrawal penaltyFixed market rate set for a specific term
Automatically renewable at maturity, with interest rate set at the Bank’s daily market rate on the renewal date
Simple interest paid monthly, quarterly, semi-annually, annually, or at maturity

Looking for a fast, easy, and safe way to send money?

We’ve got you covered.

Learn More About Zelle