Personal Deposit Products

ABOC 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.

The opening of any Personal Deposit product is subject to approval.

Learn More About Personal Accounts

Checking

Economy Checking

$100 initial minimum deposit
Deposit and withdraw anytime
The first 18 transactions (check, deposit, or withdrawal) for each monthly statement cycle have no service fee
Afterward, a $.40 service charge will be assessed for each transaction (check, deposit, or withdrawal) in excess of 18 during the statement cycle, with the exception of transactions at an Amalgamated Bank of Chicago, Star® or MoneyPass ATM, which have no fee
Images of canceled checks are not returned with statements; however, copies of all checks are available when needed
Complimentary first order of basic duplicate checks
Your account will be charged for any check printing and endorsement stamps (fees vary depending on style)

Regular Checking

$800 initial minimum deposit
Deposit and withdraw anytime
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 monthly statement cycle in which the balance on any day falls below $800 and average monthly balance falls below $2,000
Your account will be charged for any check printing and endorsement stamps (fees vary depending on style)

Checking Plus

$1,000 initial minimum deposit
Deposit and withdraw anytime
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 monthly statement cycle in which the balance on any day falls below $1,000 and average monthly balance falls below $2,500
Your account will be charged for any 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 Plus
Minimum initial deposit	$100	$800	$1,000
Minimum balance requirement	No	Yes**	Yes**
Interest-bearing	No	No	Yes
Returned check images with statement	No	Yes	Yes
AmalgaMoney Debit Card	Yes	Yes	Yes
Service charge per transaction	Yes ($.40 per transaction after the first 18)	No	No
Check imaging fee	No	No	No
Check printing fee	Yes	Yes	Yes

** Regular Checking: A $12 service charge will be applied for each monthly statement cycle in which your daily balance drops below $800, and average monthly balance drops below $2,000; Checking Plus: A $12 service charge will be applied for each monthly statement cycle 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:

Additional deposits; any amount, any time
Withdrawals: any amount, any time if made in person or at an ATM. Other transfers from these accounts, including by telephone, online banking or Amalgamated Bank of Chicago Debit Card are limited to six per month or monthly statement period before a fee will be charged. Withdrawals from ATMs may be subject to available limits. Federal Regulations provide that we must retain the right to require at least seven days' notice prior to withdrawal.
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
Floating market rate paid quarterly
$12 service charge will be applied for each quarter in which the balance on any day falls below $250
$3 service charge will be applied for each withdrawal in excess of 18 in any quarter

Premium Statement Savings

Minimum initial deposit, and minimum daily balance required to earn interest: $1,000
Floating market rate paid quarterly
$12 service charge will be applied for each quarter in which the balance on any day falls below $1,000
$3 service charge will be applied for each withdrawal in excess of 18 in any quarter

Exclusive Savings

Minimum initial deposit and minimum daily balance required to earn interest: $2,500
Floating market rate paid quarterly
$12 service charge will be applied for each quarter in which the balance on any day falls below $2,500
$3 service charge will be applied for each withdrawal in excess of 18 in any quarter

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 charge 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:

Minimum initial deposit and minimum daily balance required to earn interest: $1,500
Floating market rate paid monthly
Additional deposits can be any amount at any time
The daily balance method is used to calculate the interest on the accrual
Withdrawals can be any amount, anytime if made in person or at an ATM. Other transfers from these accounts, including by telephone, online banking, or Amalgamated Bank of Chicago debit card are limited to six per month or monthly statement period before a fee will be charged. Withdrawals from ATMs may be subject to available limits. Federal regulations provide we must retain the right to require at least seven days' notice prior to withdrawal.
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 statement cycle, no interest will accrue for that cycle before a fee will be charged.
For purposes of calculating balances, interest and fees, "month" means a monthly statement cycle rather than a calendar month.
Images of canceled checks returned with statements
No fee for check imaging
Service charge of $15 for each monthly statement cycle in which the balance on any day falls below $1,500 and the average monthly balance falls below $3,000
Service charge of $15 for each transaction in excess of 6 in any statement cycle
Your account will be charged for any check printing and endorsement stamps (fees vary depending on style)

Individual Retirement Accounts (IRAs)***

Our Traditional IRA and Roth IRA share the following characteristics:

$250 minimum deposit required
Earn a fixed market rate set for a specific term, with simple interest paid quarterly
Maturities can be set to 12, 18, 24, 30, or 36 months
Time deposit withdrawals prior to maturity may be subject to substantial early withdrawal penalty
For automatically renewable IRA certificates of deposit, the interest rate is set at the Bank's daily market rate on the day of renewal

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)

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

Certificates of Deposit (CDs)

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

Certificates of Deposit (CDs) through CDARS®

With the CDARS service, you can access multi-million-dollar FDIC protection on deposits placed into CDs at participating network banks while working with only our bank. Learn more

Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and CDARS are registered trademarks, and the IntraFi logo and IntraFi hexagon are service marks, of IntraFi Network LLC.

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