Alliant Credit Union Certificates
APY Range
Minimum Deposit
Terms
Our Rating
Alliant Certificates (CDs) Rates
Alliant Credit Union offers competitive rates for their certificates that vary depending on the chosen term. In fact, their rates are highly competitive nationwide across almost all available terms.
Even for certificates with durations longer than one year, Alliant Credit Union's rates remain favorable compared to other financial institutions. Presently, the specific rates offered by Alliant Credit Union range from 3.1% – 4.1% APY.
When comparing long and short-term CDs, short-term CD rates are better.
Term | APY |
|---|---|
3 Months | 3.10% |
6 Months | 4.10% |
12 Months | 4.00% |
18 Months | 3.80% |
24 Months | 3.70% |
36 Months | 3.65% – 3.75%
|
48 Months | 3.65% |
60 Months | 3.65% |
Jumbo Certificates (CDs) Rates
For individuals who have the capability to deposit amounts exceeding $75,000, Alliant offers the opportunity to open a jumbo certificate. Jumbo certificates may present the possibility of obtaining a higher interest rate compared to the regular certificates.
The increased rate for jumbo certificates typically ranges from 0.05% to 0.10% above the basic APY, as indicated in the table provided above.
How Alliant Certificates (CDs) Work
The interest earned on Alliant Credit Union's certificates is compounded monthly. This means that the interest you earn in one month is added to the principal amount, and subsequent interest calculations are based on the increased balance. At the end of the certificate's term (maturity), you will receive the final interest payment along with the initial deposit.
In the event that you require access to your funds prior to the maturity of your certificate, please be aware that an early withdrawal penalty will be applied. The exact penalty associated with each term can be found in the table provided below.
Alliant Credit Union is federally insured by the National Credit Union Administration (NCUA). This means that your certificate account is protected up to $250,000 per depositor.
CD Term | Early Withdrawal Penalty |
|---|---|
3 Months | 90 days of interest |
6 Months | 90 days of interest |
9 Months | 90 days of interest |
12 Months | 90 days of interest |
18 Months | 120 days of interest |
24 Months | 180 days of interest |
36 Months | 180 days of interest |
48 Months | 180 days of interest |
60 Months | 180 days of interest |
Are Alliant Certificates (CDs) Rates Competitive?
When comparing Alliant with other online banks and credit unions, the Alliant CD rates do stand up favorably to comparison. They are actually among the top-rated credit unions CDs.
Here's what you can find with other banks and credit union – as you can see, Alliant Certificates (CDs) rates are higher than most of them, and the minimum deposit is competitive as well.
CD APY Range | Minimum Deposit | |
|---|---|---|
Marcus | 3.85% – 4.25%
| $500 |
First Internet Bank | 3.40% – 4.02%
| $1,000 |
Barclays Bank | 3.00% – 4.00% | $0 |
PNC Bank | 0.01% – 3.90%
| $1 |
Quontic Bank | 3.00% – 3.75% | $500 |
PenFed Credit Union | 2.00% – 4.35% | $1,000 |
Alliant Credit Union | 3.1% – 4.1%
| $1,000 |
Sallie Mae | 3.70% – 4.10%
| $2,500 |
Bread Financial | 4.25% – 4.75% | $1,500 |
Capital One | 3.50% – 4.00%
| $0 |
Chase Bank | 0.02% – 3.80%
| $1,000 |
Discover Bank | 2.00% – 4.00%
| $0 |
CIT Bank | 0.30% – 3.35%
| $1,000 |
Ally Bank | 2.90% – 3.90% | $0 |
Citi Bank | 0.05% – 4.00%
| $500 |
Connexus Credit Union | 3.51% – 4.85% | $5,000 |
Merrick Bank | 3.60% – 4.05%
| $25,000 |
Fidelity | 3.60% – 4.05%
| $1,000 |
Charles Schwab | 3.75% – 4.06%
| $1,000 |
Vanguard | 3.75% – 4.25%
| $1,000 |
BMO Harris | 0.05% – 4.50% | $1,000 |
Wells Fargo | 1.50% – 3.65%
| $2,500 |
Synchrony Bank | Up to 4.15% | $0 |
Citizen Bank | 3.50% – 4.15%
| $1,000 |
TD Bank | 1.00% – 4.00% | $250 |
Navy Federal | 1.50% – 4.15%
| $1,000 |
LendingClub | 3.40% – 4.45%
| $2,500 |
How To Open Alliant Certificates (CDs) Account?
Alliant is a good credit union with many benefits, one of them is that it's super easy to join. To open an Alliant certificate account, you have several convenient options:
Online Banking (Existing Alliant Members): If you are already an Alliant member, simply log in to your online banking account. Then, navigate to the “Open a New Account” option in the left sidebar and follow the prompts to open a certificate account.
Online Membership Application (New Members): If you are not yet an Alliant member, you can start the membership application process online. Select “Certificates” from the list of account types available in the online Alliant membership application.
Member Care Representative: Another way to open a certificate account is by contacting a Member Care Representative. You can reach them by calling 800-328-1935. They will provide personal assistance and guide you through the process of opening a certificate account.
Please note the following:
- Certificate accounts cannot be opened through Alliant's automated phone banking service.
- Individual Retirement Account (IRA) certificates cannot be opened through online banking.
How We Rate Certificates of Deposits: Our Methodology
The Smart Investor team has thoroughly examined certificate of deposit (CD) offerings from various banks, considering multiple factors to provide a comprehensive evaluation. Here's how we rated them across four key categories:
-
CD Rates (50%): We meticulously analyzed the interest rates offered by each bank on their certificate of deposit (CD) products. Higher ratings were awarded to banks offering competitive rates that provide maximum returns for customers' investments. Factors such as the yield curve, current market conditions, and consistency of rates were considered to assess the attractiveness of each bank's CD rates.
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CD Features (30%): This category evaluated the features associated with each bank's certificate of deposit offerings. Factors considered include the variety of terms available, early withdrawal penalties, minimum deposit requirements, and any additional features or benefits. Higher ratings were given to banks offering a diverse range of CD terms, reasonable early withdrawal fees, and flexible options to meet customers' investment needs.
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Customer Experience (10%): A positive customer experience is paramount, even when investing in CDs. We assessed each bank's performance in this area, considering factors such as the ease of opening a CD account, the responsiveness of customer service, and overall user satisfaction. Higher ratings were assigned to banks with efficient account opening processes, helpful customer support, and a track record of satisfying customers.
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Bank Reputation (10%): The reputation of a bank is a critical consideration when investing in CDs. We evaluated each bank's reputation based on factors such as financial stability, regulatory compliance, and public perception. Higher ratings were given to banks with a solid reputation for reliability and trustworthiness, ensuring customers' investments are safe and secure.
By considering these categories and assigning appropriate weights to each, our review aims to provide valuable insights to help individuals make informed decisions when investing in certificate of deposits.
