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- At a glance
- Overall
- Alliant Credit Union banking products
- Bank fees
- About Alliant Credit Union
- How Alliant Credit Union compares to other banks
- FAQs
- Review Methodology
At a glance
Best credit union
4.6
Rating: 4.6 stars out of 5
Bankrate Score
CDs
Rating: 4.7 stars out of 5
Checking
Rating: 4.8 stars out of 5
Savings
Rating: 4.4 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
About Bankrate Score
Overview
Alliant Credit Union is ideal for eligible customers who want a range of high-yielding product options and to minimize fees. Alliant makes it easy to become a member, providing several methods of eligibility.
Highlights
- High APY
- 24/7 Customer Service
- ATM Fee Refunds
Sponsored offers
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
About our Sponsored Offers
Our list of sponsored accounts may offer competitive rates, multiple times higher than the national average. All of these offers have FDIC or NCUA insurance, have competitive minimums and few fees. We’ve vetted the credit worthiness of these banks to simplify your search.
Member FDIC
Savings Account
4.25
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 9/15/2024
Rating: 4.9 stars out of 5
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Min. balance for APY
Promoted offer:
American Express
Member FDIC
Savings Account Details
4.25
%
APY
$0
Min balance for APY
Offer rate as of9/15/2024
Interest rate4.16%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Member FDIC
Savings Account
5.30
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 9/15/2024
Rating: 4.9 stars out of 5
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Min. balance for APY
Promoted offer: Earn our LevelUp rate with $250 in monthly deposits, plus no fees.
LendingClub
Member FDIC
Savings Account Details
5.30
%
APY
$0
Min balance for APY
Offer rate as of9/15/2024
Interest rate5.18%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Earn our LevelUp rate with $250 in monthly deposits, plus no fees.
Member FDIC
Savings Account
4.40
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 9/15/2024
Rating: 4.7 stars out of 5
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Min. balance for APY
Promoted offer:
Marcus by Goldman Sachs
Member FDIC
Savings Account Details
4.40
%
APY
$0
Min balance for APY
Offer rate as of9/15/2024
Interest rate4.40%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Member FDIC
Savings Account
4.9
Rating: 4.9 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Score
4.25
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 9/15/2024
$0
Min. balance for APY
Promoted offer
American Express
Member FDIC
Savings Account Details
4.25
%
APY
$0
Min balance for APY
Offer rate as of9/15/2024
Interest rate4.16%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Member FDIC
Savings Account
4.9
Rating: 4.9 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Score
5.30
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 9/15/2024
$0
Min. balance for APY
Promoted offer: Earn our LevelUp rate with $250 in monthly deposits, plus no fees.
LendingClub
Member FDIC
Savings Account Details
5.30
%
APY
$0
Min balance for APY
Offer rate as of9/15/2024
Interest rate5.18%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Earn our LevelUp rate with $250 in monthly deposits, plus no fees.
Member FDIC
Savings Account
4.7
Rating: 4.7 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Score
4.40
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 9/15/2024
$0
Min. balance for APY
Promoted offer
Marcus by Goldman Sachs
Member FDIC
Savings Account Details
4.40
%
APY
$0
Min balance for APY
Offer rate as of9/15/2024
Interest rate4.40%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Member FDIC
Savings Account
4.9
Rating: 4.9 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Score
4.25
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 9/15/2024
$0
Min. balance for APY
Promoted offer: It only takes about 5 minutes to open a fee-free account.
Capital One
Member FDIC
Savings Account Details
4.25
%
APY
$0
Min balance for APY
Offer rate as of9/15/2024
Interest rate4.25%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
It only takes about 5 minutes to open a fee-free account.
Member FDIC
Savings Account
5.0
Rating: 5 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Score
5.05
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 9/15/2024
$0
Min. balance for APY
Promoted offer: No monthly maintenance fee, $0 to open, easily grow your money
EverBank
Member FDIC
Savings Account Details
5.05
%
APY
$0
Min balance for APY
Offer rate as of9/15/2024
Interest rate4.92%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
No monthly maintenance fee, $0 to open, easily grow your money
Overall
Alliant Credit Union offers deposit accounts with competitive APYs and minimal fees. This Chicago-based credit union is insured by the National Credit Union Administration (NCUA) and offers a highly rated mobile app as well as access to a wide network of surcharge-free ATMs.
Pros
The savings accounts, checking accounts and CDs offer robust yields.
Alliant offers surcharge-free access to over 80,000 ATMs.
The credit union has manageable membership requirements.
Cons
The credit union doesn’t offer any specialty CDs such as no-penalty CDs.
Higher yielding savings accounts are available elsewhere.
We want to know what you think about Alliant Credit Union
Do you have experience with Alliant Credit Union? Let us know your thoughts.
Alliant Credit Union banking products
4.4
/5
Rating: 4.4 stars out of 5
See methodologyCompare savings rates
SCORE BREAKDOWN
APY offering:
3.10%
Rating: 4 stars out of 5
4/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum balance for APY:
$100.00
Rating: 4 stars out of 5
4/5
The lowest deposit amount an account must have before it can earn interest.
Monthly service fee:
$0.00
Rating: 5 stars out of 5
5/5
A monthly charge a financial institution deducts from an account if certain requirements are not met.
Minimum balance to avoid fee:
$0.00
Rating: 5 stars out of 5
5/5
The lowest balance an account must maintain in order to avoid a fee.
Access to funds:
Great
Rating: 5 stars out of 5
5/5
A procedure that allows an individual or organization to access and manage the funds of another account holder.
FEATURES
3.10% APY
APY last updated between 9/8 and 9/14.
$100 minimum balance for APY
$5 minimum deposit to open
Alliant Credit Union savings overview
Alliant Credit Union’s high-yield savings account pays a robust APY. Account holders must maintain an average monthly balance of at least $100 to earn interest. A minimum balance of $5 is required to keep the account open.
The high-yield savings account doesn’t charge a monthly fee to members who sign up for e-statements. Otherwise, a $1 monthly fee is charged for paper statements.
Alliant also lets members open up to 19 savings accounts (called supplemental savings accounts) to save for specific goals. Members can name each account based on their goals, allowing them to track progress easily.
Pros
The high-yield savings account pays a competitive APY.
There’s no monthly fee for members enrolled in e-statements.
Members can open multiple accounts to track specific savings goals.
Cons
There are higher savings APYs available at certain online banks.
You need to have at least $100 to earn interest with the credit union’s High-Rate Savings account.
-
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
Alliant Credit Union
APY
APY last updated between 9/8 and 9/14.
APY
APY last updated between 9/8 and 9/14.
National average APY
How do we get this data?
Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.
Alliant Credit Union savings rates
Date
Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.
Alliant Credit Union
APY
APY last updated between 9/8 and 9/14.
APY
APY last updated between 9/8 and 9/14
National average APY
The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
07/29/2024 3.10% 0.59% 12/08/2023 3.10% 0.57%
Compare Offer
Sponsored Offer
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
This is a sponsored offer rated 4 stars or higher for competitive rate, fees, and minimums.
Member FDIC
Savings Account
4.25
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 9/15/2024
Rating: 4.9 stars out of 5
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Min balance for APY
American Express
Member FDIC
Savings Account Details
4.25
%
APY
$0
Min balance for APY
Offer rate as of9/15/2024
Interest rate4.16%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Promoted offer:
4.7
/5
Rating: 4.7 stars out of 5
See methodologyCompare CD rates
SCORE BREAKDOWN
APY offering:
4.75%
Rating: 5 stars out of 5
5/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs are selected based on Bankrate reviews of the highest rates a bank offers between the term ranges of 7 and 17 months. This excludes jumbo CDs and applies when the minimum deposit is $25k or less.
Minimum deposit:
$1,000.00
Rating: 4 stars out of 5
4/5
The minimum deposit amount a financial institution requires in order to open a CD.
Range of term lengths:
3 mos – 5 yrs
Rating: 5 stars out of 5
5/5
A designated amount of time that funds must be held within a CD.
Early withdrawal penalty:
Good
Rating: 4 stars out of 5
4/5
A penalty incurred when funds have been withdrawn from a CD before its maturity date.
Offer no-penalty or bump-up CDs:
No
Rating: 0 stars out of 5
0/5
A CD that doesn’t incur a penalty if funds are withdrawn before its maturity date.
Offer IRA CDs:
Yes
Rating: 5 stars out of 5
5/5
An IRA account which consists of CDs that typically earns fixed interest over a specified period of time.
FEATURES
4.00% – 4.75% APY
APY last updated between 9/8 and 9/14.
$1,000 minimum balance for APY
$1,000 minimum deposit to open
3 months – 5 years
Alliant Credit Union CD overview
Alliant offers a range of CD term lengths, and all of them carry high APYs. Customers can choose from CD terms ranging from three months to five years. The range of term lengths provide customers the ability to build a CD ladder. All CDs are insured by the NCUA and require $1,000 to open (or $75,000 for a jumbo CD, which pays a slightly higher APY). The credit union also doesn’t have a maximum amount that you can put in a CD.
The credit union doesn’t offer any specialty CDs such as no-penalty CDs or bump-up CDs.
Pros
CD yields are competitive.
The credit union offers term lengths ranging from three months to five years.
Cons
Alliant doesn’t offer any specialty CDs such as no-penalty CDs.
Some banks have lower minimum opening deposit requirements for CDs.
-
See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.
Alliant Credit Union
APY
APY last updated between 9/8 and 9/14.
APY
APY last updated between 9/8 and 9/14.
National average APY
How do we get this data?
Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.
Alliant Credit Union CD rates
Date
Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.
Alliant Credit Union
APY
APY last updated between 9/8 and 9/14.
APY
APY last updated between 9/8 and 9/14
National average APY
The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
Compare Offer
Sponsored Offer
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
This is a sponsored offer rated 4 stars or higher for competitive rate, fees, and minimums.
Member FDIC
CD
4.60
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 9/15/2024
Rating: 4.5 stars out of 5
Bankrate CD rating = 4.5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$500
Min. deposit
1yr
Term
Marcus by Goldman Sachs
Member FDIC
CD Details
4.60
%
APY
$500
Min. deposit
1yr
Term
Offer rate as of9/15/2024
Minimum deposit$500
Promoted offer:
4.8
Rating: 4.8 stars out of 5
Bankrate Score
Compare top checking rates
Alliant Credit Union checking overview
Alliant’s High-Rate Checking account pays a decent yield for a checking account, requires no minimum balance and charges no service fees or overdraft fees. Customers who open this account receive a Visa debit card.
The credit union offers access to over 80,000 surcharge-free ATMs and also offers rebates of up to $20 per month for out-of-network ATM use.
Alliant Credit Union members can enroll in Courtesy Pay, a service that might pay overdrafts not covered under traditional overdraft services, if a member transfers at least $600 from outside of Alliant into their account each month and has been with the credit union for at least six months.
Pros
There’s no monthly service fee or minimum balance requirement.
Members get access to 80,000 surcharge-free ATMs and $20 in monthly rebates.
Alliant Credit Union offers members a free first box of checks when you open its High-Interest checking account.
Cons
There are some checking accounts that offer a higher yield.
Alliant Credit Union doesn’t have a checking account for business customers.
Compare Offer
Sponsored Offer
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
This is a sponsored offer rated 4 stars or higher for competitive rate, fees, and minimums.
Member FDIC
Checking Account
0.50
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 9/15/2024
Rating: 4.9 stars out of 5
Bankrate Checking rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
To open
$0
To avoid fees
SoFi
Member FDIC
Checking Account Details
0.50
%
APY
$0
To open
$0
To avoid fees
Offer rate as of9/15/2024
Minimum to avoid fees$0
Monthly fees$0
Overdraft/NSF fees$0
Out of network ATM fee$0
Has online accessYes
Compare more:Bankrate's best high-yield savings account offers
Bank fees
Fee | Charged? |
---|---|
Overdraft fee | None |
Non-sufficient funds fee | None |
Monthly maintenance fee | None |
Out-of-network ATM fee | None |
Excessive transaction fee | None |
Dormant Account (for savings accounts) | $10 |
Inactivity (for savings accounts) | $10 |
Find out:Tips to avoid common bank fees
About Alliant Credit Union
Alliant Credit Union is an NCUA-insured credit union based in Chicago. It's ideal for eligible customers who want a range of high-yield deposit products with minimal fees. Alliant makes it easy to become a member, providing several ways to become a member, including proximity to the credit union’s headquarters, employment and familial status, or by donating to a cause it supports.
Bank experience
Membership. Alliant is easy to join despite its status as a credit union. If you don’t meet specific criteria listed on its website, you can become a member of Foster Care to Success (FC2S) to become eligible for Alliant membership. Alliant will pay a $5 membership fee to FC2S on your behalf.
Digital experience. Alliant offered highly rated mobile apps for Android and iOS devices. The app allows customers to deposit checks, transfer money between accounts, pay monthly bills and track expenses with a personal financial management tool.
Customer support. The credit union provides a toll-free 24/7 phone number for issues that need immediate attention. It also offers an online contact form for other account and service questions.
Bankrate staff insights
“I chose Alliant because the APY was higher than with other financial institutions,” said a Bankrate staff member with an Alliant account. “I have only had my account open for two months and have seen noticeable returns. Transferring funds into my Alliant high-yield savings account was incredibly easy — all I had to do was link the account I was transferring from and make the transfer.”
Disclosure: To enhance our product reviews, Bankrate employees often open accounts and provide feedback. They may have been compensated for their time and account maintenance, but this does not affect the integrity of their review.
Digital experience
The above images were last updated on August 8, 2024.
How Alliant Credit Union compares to other banks
Compare different account types offered by Alliant Credit Union. Annual percentage yields (APYs) shown were updated between Sept. 8, 2024 and Sept. 14, 2024.
Selected bank Alliant Credit Union savings account NCUA Insured Bankrate score Rating: 4.4 stars out of 5 4.4 Bankrate Savings rating = 4.4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. | Most comparable Ally Bank savings account Member FDIC Bankrate score Rating: 4.9 stars out of 5 4.9 Bankrate Savings rating = 4.9/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review | Search for or select a bank: No banks found Bankrate score Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
---|---|---|
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Sept. 8, 2024 and Sept. 14, 2024. | ||
3.10% | 4.20% | |
Minimum balance for APY | ||
$100.00 | $0.00 | |
Estimated earnings Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply. | ||
$1,550 | $2,100 | |
Alliant Credit Union has three savings accounts: a High-Rate Savings account, a Supplemental Savings account and a Kids Savings account. | Ally Bank consistently offers a competitive yield on its Online Savings Account. The online bank doesn’t have the absolute highest yield, but it offers a competitive one and doesn’t have a minimum balance requirement or a monthly service fee. The bank offers mobile deposit, but you’ll need to transfer money to the Ally checking account or money market account if you want to access money in your savings from an ATM. | |
|
| N/A |
|
| N/A |
Selected bank Alliant Credit Union CD NCUA Insured Bankrate score Rating: 4.7 stars out of 5 4.7 Bankrate CD rating = 4.7/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. | Most comparable Quorum Federal Credit Union CD NCUA Insured Bankrate score Rating: 4.5 stars out of 5 4.5 Bankrate CD rating = 4.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Read review | Search for or select a bank: No banks found Bankrate score Bankrate CD rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. |
---|---|---|
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Sept. 8, 2024 and Sept. 14, 2024. | ||
4.75% | 2.60% | |
Minimum deposit | ||
$1,000.00 | $1,000.00 | |
Term | ||
1 yr | 1 yr | |
Alliant Credit Union is an online credit union offering a wide array of CD terms. It also offers jumbo CDs, which generally earn a little more interest than regular CDs. The regular CDs require a $1,000 minimum deposit, and you’ll need at least $75,000 for a jumbo CD. | Members have access to term savings accounts (another name for certificates of deposit). The bank offers term lengths ranging from three months to five years. No specialty term savings accounts are offered, such as a no-penalty account.All of the CD terms pay annual percentage yields (APYs) that are above the national average, and a handful of the terms offer some of the highest APYs on the market today. Larger deposits are rewarded with a higher yield, as deposits of $100,000 or more earn an additional 0.1 percent APY, according to the bank’s website.Quorum’s CDs all require a manageable $1,000 minimum deposit to open. The accounts are insured by the National Credit Union Association's Share Insurance Fund.Quorum also offers IRA CDs with terms ranging from three months to five years. | |
|
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APY offering: 4.75% - 1 yr 5/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs are selected based on Bankrate reviews of the highest rates a bank offers between the term ranges of 7 and 17 months. This excludes jumbo CDs and applies when the minimum deposit is $25k or less. Minimum deposit: $1,000.00 4/5 The minimum deposit amount a financial institution requires in order to open a CD. Range of term lengths: 3 mos - 5 yrs 5/5 A designated amount of time that funds must be held within a CD. Early withdrawal penalty: Good 4/5 A penalty incurred when funds have been withdrawn from a CD before its maturity date. Offer no-penalty or bump-up CDs: No 0/5 A CD that doesn’t incur a penalty if funds are withdrawn before its maturity date. Offer IRA CDs: Yes 5/5 An IRA account which consists of CDs that typically earns fixed interest over a specified period of time. | Bankrate does not currently track additional product details for this bank. | APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs are selected based on Bankrate reviews of the highest rates a bank offers between the term ranges of 7 and 17 months. This excludes jumbo CDs and applies when the minimum deposit is $25k or less. The minimum deposit amount a financial institution requires in order to open a CD. A designated amount of time that funds must be held within a CD. A penalty incurred when funds have been withdrawn from a CD before its maturity date. A CD that doesn’t incur a penalty if funds are withdrawn before its maturity date. An IRA account which consists of CDs that typically earns fixed interest over a specified period of time. Bankrate does not currently track additional product details for this bank. |
Alliant Credit Union vs. Chase
Alliant Credit Union generally offers higher yields on its deposit products when compared to Chase, including its CDs and savings accounts. Moreover, as a credit union, Alliant is a non-profit organization, whereas Chase is a traditional bank. As such, Alliant has done a lot to benefit its customers, including eliminating overdraft and non-sufficient funds fees. In contrast, Chase still charges a hefty fee for both.
All that noted, Alliant doesn’t have physical branches, and so it isn’t a good option for those not comfortable banking solely online. In contrast, Chase has more branches than any other bank in the U.S., making it a better choice for those who prioritize physical presence.
Learn more:The best credit unions of 2024
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Review methodology
With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
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