Checking
Alliant Credit Union High-Rate Checking. This checking account offers 0.25% APY without monthly service fees or minimum balance requirements, making it one of the best checking accounts out there. You must make at least one electronic deposit per month in order to earn dividends on your balance; that deposit can be a direct or payroll deposit, an ATM or mobile deposit or a transfer from another financial institution. It comes with a Visa debit card and is eligible for free overdraft protection when you link an Alliant savings account. Checking dividends are paid on the last day of the month.
Alliant Credit Union Teen Checking. This account is available for members who are 13 to 17 years old, with joint ownership by a member parent. There is no minimum balance or monthly fee, and this account also earns 0.25% APY. The Visa debit card has a daily limit of $500 for ATM withdrawals and $500 for purchases.
Savings
Alliant Credit Union High-Rate Savings. Alliant’s high-yield savings account offers 3.10% APY. The minimum deposit to open the account is just $5 (which Alliant pays for you), but you must maintain an average daily balance of $100 in order to earn dividends. Like the best savings accounts, this account doesn’t charge a monthly fee, but it does charge $1 per month if you want to receive paper statements.
Alliant Credit Union Supplemental Savings. Once you have a High-Rate Savings account with Alliant, you can open up to 19 supplemental accounts. You can name these accounts for your savings goals, and each one earns the same APY as your main high-yield savings account. You must keep at least $5 in each savings account to maintain it, and the minimum balance of $100 in order to earn dividends applies to each supplemental account.
Alliant Credit Union Kids Savings Account. Children age 12 and younger can open their own high-yield savings account as a co-owner with an Alliant-member parent, grandparent or guardian. Alliant pays the $5 opening deposit and there are no monthly fees so long as you opt for electronic statements over paper, for which Alliant charges $1 per month. The account requires a $100 balance to earn the same APY as the High-Rate Savings account.
CDs (Share Certificates)
Alliant brands its certificates of deposit (CDs) as Alliant Certificates of Deposit. Alliant offers Certificates with maturity dates ranging from 3 to 60 months. The highest APYs at Alliant are competitive with the top CD rates. You must be an Alliant Credit Union member to open a CD.
Alliant requires a minimum deposit of $1,000 to open a Certificate. Dividends on Alliant Certificates are compounded on a monthly basis.
For those interested in retirement savings, Alliant also offers a Alliant Traditional IRA Certificate, a Roth IRA Certificate and a SEP IRA Certificate. Each of these IRA certificates earns the same APY as the regular Alliant Certificate. The same $1,000 minimum deposit is required.
Other Accounts
Alliant Credit Union offers a variety of other services beyond its banking offerings, including:
- Credit cards
- Home loans
- Vehicle loans
- Personal loans
- Commercial real estate lending
- Traditional, Roth and SEP IRAs
- Trust accounts
- Custodial accounts
- Life, home and auto insurance
