Tailored to your business needs
- Ideal solutions for large businesses with high balances
- No minimum deposit required to open
- Low monthly fee1
- Competitive earnings credits to offset monthly service charges
- Empower your banking with sophisticated treasury management tools, allowing you to:
- Save time and money
- Track funds more efficiently
- Accelerate processing
- Move money easily and securely
With every account, you get:
- Products and services designed to meet the growing and changing needs of a large business
- Personalized attention and dedicated customer service to help meet all your goals
- FDIC insurance
Reciprocal Deposit (Savings) Program
Giving businesses peace of mind with FDIC insurance on deposits over $250,000
Our Reciprocal Deposit Program gives you the convenience of working with a single bank while enjoying the peace of mind of full FDIC insurance for balances over $250,000. It's 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