High Rates, No Month-to-month Charges

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Insider’s consultants select one of the best services to assist make sensible selections together with your cash (right here’s how). In some circumstances, we obtain a fee from our our companions, nonetheless, our opinions are our personal. Terms apply to presents listed on this web page.

The backside line: Alliant is likely one of the finest credit score unions on the market, particularly if you wish to earn excessive rates of interest on financial savings, checking, and certificates.

Insider’s Featured Savings Accounts

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2.15% APY (as of 10/06/2022)

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On American Express National Bank (Member FDIC)’s web site

Overall credit score union score

Pros and cons

Compare Alliant Credit Union merchandise

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Alliant High-Rate Savings Account


Annual Percentage Yield (APY)

2.20% APY


Minimum Deposit Amount

$5 (Alliant pays it for you)

Alliant Credit Union Alliant High-Rate Savings Account

Alliant High-Rate Savings Account


Annual Percentage Yield (APY)

2.20% APY


Minimum Deposit Amount

$5 (Alliant pays it for you)

On Alliant Credit Union’s web site

Alliant Credit Union Alliant High-Rate Savings Account

On Alliant Credit Union’s web site


Annual Percentage Yield (APY)

2.20% APY


Minimum Deposit Amount

$5 (Alliant pays it for you)

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Competitive APY

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Alliant covers your $5 minimal opening deposit

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No month-to-month service payment in the event you go for eStatements as an alternative of paper statements

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Interest compounded month-to-month, not every day

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Minimum $100 stability to earn curiosity

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Alliant High-Rate Savings is a strong on-line financial savings account. It pays an awesome rate of interest, and there are not any month-to-month service charges. There’s technically a $5 minimal opening deposit, however Alliant will cowl the price. Keep in thoughts that you simply do must maintain a $100 stability to earn curiosity, although.

Alliant Credit Union Alliant High-Interest Checking Account

Alliant High-Interest Checking Account


Annual Percentage Yield (APY)

0.25% APY


Minimum Deposit Amount

$0

Alliant Credit Union Alliant High-Interest Checking Account

Alliant High-Interest Checking Account


Annual Percentage Yield (APY)

0.25% APY


Minimum Deposit Amount

$0

On Alliant Credit Union’s web site

Alliant Credit Union Alliant High-Interest Checking Account

On Alliant Credit Union’s web site


Annual Percentage Yield (APY)

0.25% APY


Minimum Deposit Amount

$0

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Earn curiosity

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No minimal opening deposit

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No month-to-month service charges

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$20/month in out-of-network ATM payment refunds

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No overdraft charges

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No incoming wire switch payment

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Compounds curiosity month-to-month, not every day

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$25 outgoing wire switch payment

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If you are trying to find a web-based checking account, then the Alliant High-Interest Checking Account is a worthwhile choice. You do not want any cash to open an account, and there are not any month-to-month service charges. You’ll additionally earn 0.25% APY, no matter your stability.

Alliant Credit Union Alliant Certificate


Annual Percentage Yield (APY)

3.50% to three.65% APY


Minimum Deposit Amount

$1,000

Alliant Credit Union Alliant Certificate


Annual Percentage Yield (APY)

3.50% to three.65% APY


Minimum Deposit Amount

$1,000

On Alliant Credit Union’s web site

Alliant Credit Union Alliant Certificate

On Alliant Credit Union’s web site


Annual Percentage Yield (APY)

3.50% to three.65% APY


Minimum Deposit Amount

$1,000

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Competitive APY

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Low-to-standard early withdrawal penalties

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Interest compounded month-to-month, not every day

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$1,000 minimal deposit

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No phrases underneath 1 12 months or over 5 years

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An Alliant Certificate (the credit score union model of a certificates of deposit) pays fairly greater charges. Its early withdrawal penalties are comparatively low, particularly for longer-term certificates. Alliant requires $1,000 to open a CD, but when you do not have that a lot cash readily available, yow will discover different establishments that require much less.

How Alliant Credit Union works

Alliant Credit Union is a web-based establishment, and you may open accounts from wherever within the US.

Unlike banks, credit score unions require you to change into a member to open accounts — and Alliant makes it simpler to hitch than most credit score unions. Join Alliant by being an worker, retiree, or member of sure organizations. You can even qualify by dwelling in sure components of Illinois or being a relative of an present Alliant member. But the best solution to change into a member is to hitch Foster Care to Success, and Alliant will cowl your $5 becoming a member of payment.

Alliant pays aggressive rates of interest. But like most credit score unions, it solely compounds your curiosity month-to-month. Most banks compound curiosity every day, which helps you earn extra money in the long term. If it is necessary to you to maximise your earnings, then you could choose a web-based financial institution over a credit score union.

But in the event you choose a credit score union over a financial institution, then Alliant is a robust contender.

The Alliant cell app has acquired principally constructive opinions. It has 4.7 out of 5 stars within the Apple retailer, and 4.6 out of 5 stars within the Google Play retailer.

Speak to an Alliant consultant by calling customer support 24/7. Alliant would not have a reside on-line chat characteristic, however you may fill out a web-based type and watch for a response in the event you do not wish to speak over the cellphone.

Your deposits are federally insured by the NCUA for as much as $250,000, or $500,000 for joint accounts.

Alliant trustworthiness and BBB score

The Better Business Bureau offers Alliant Credit Union an A+ score. A superb BBB score signifies an organization responds successfully to buyer complaints, has sincere promoting practices, and is clear in the way it handles enterprise.

Alliant would not have any public scandals. Between the sturdy BBB score and constructive public picture, you could determine you are comfy banking with Alliant.

Alliant Credit Union vs. Pentagon Federal Credit Union 

Pentagon Federal Credit Union is the clear alternative if you wish to open a cash market account, as a result of Alliant would not have cash market accounts.

You’ll most likely choose PenFed if you’d like a mix of on-line and in-person banking, and reside close to a PenFed department. You can open a PenFed account on-line, however there are additionally branches in 13 US states and DC, and on navy bases in Guam, Puerto Rico, and Japan.

But you would possibly like Alliant in the event you use ATMs repeatedly. Both credit score unions have giant free ATM networks, however PenFed would not reimburse any charges charged by out-of-network ATM suppliers. PenFed can even cost you a $1.50 payment for utilizing an out-of-network ATM.

Alliant Credit Union vs. Connexus Credit Union 

You’ll wish to go along with Connexus Credit Union for a cash market account, as a result of Alliant would not provide cash market accounts.

You would possibly choose Alliant in the event you assume you will use out-of-network ATMs. Connexus has an ATM community and would not cost you for utilizing out-of-network ATMs. But if a supplier costs you for utilizing an out-of-network ATM, then Connexus would not refund you. Alliant reimburses as much as $20 per thirty days for charges charged by ATM suppliers.

If you care about rates of interest, then your alternative between the 2 credit score unions might rely upon whether or not you retain extra money in financial savings or checking. Alliant pays a greater rate of interest on financial savings, however you may earn a a lot greater charge with the Connexus Xtraordinary Checking Account.

Frequently requested questions 

You’ll have the ability to be part of the credit score union in the event you reside in sure components of Illinois or work at an eligible employer. You can even change into a member of Alliant Credit Union in the event you be part of Foster Care to Success, a non-profit group targeted on foster youth (Alliant covers the $5 becoming a member of payment). 

You’ll want at the least $5 to open an Alliant financial savings account, and a $1,000 minimal opening deposit for a certificates.

If you’d wish to open a checking account, it will rely upon the place you open the account. There’s a $25 minimal opening deposit in the event you apply for the account on-line. But in the event you open an account by way of a paper software, by signing into your on-line banking with an present Alliant checking account, or when you’re making use of for a mortgage, there’s $0 minimal opening deposit.

No, Alliant Credit Union doesn’t cost month-to-month service charges on its accounts. 

Laura Grace Tarpley, CEPF

Personal Finance Reviews Editor

Sophia Acevedo, CEPF

Junior Banking Reporter

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