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Ken Tumin founded the Bank Deals Blog in 2005 and has been passionately covering the best deposit deals ever since. He is frequently referenced by The New York Times, The Wall Street Journal, and other publications as a top expert, but he is first and foremost a fellow deal seeker and member of the wonderful community of savers that frequents DepositAccounts.

Featured 2-Year CD Rates

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Featured Accounts
DETAILSINSTITUTIONAPYMINMAXPRODUCT
Alliant Credit Union1.55%$1k-48 - 59 Month Share CD
Alliant Credit Union0.90%$1k-18 - 23 Month Share CD
Accounts mentioned in this post. Rates as of April 23, 2014

Higher Long-Term CD Rate at Alliant Credit Union - Available Nationwide

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Alliant Credit Union

It has been a while since Alliant Credit Union has changed its CD rates. The last change was in December when many CD rates were cut. So I’m happy to report of one recent rate hike. The CD rates for terms of 48 to 60 months were increased by 15 basis points. The new yield for a $25K minimum deposit is now 2.45% APY (2.35% for a $1K minimum). These rates are listed in the credit unions rates page as of 5/20/2011, and they are available for both regular and IRA CDs.

The 2.45% APY isn’t that great for a 5-year term. However, it ties with Fort Knox Federal Credit Union for the best 4-year CD rate that’s available nationwide. Based on the changes made by Fort Knox FCU, Alliant wins in this tie in my opinion.

Alliant’s shorter-term CD rates remain the same. The best deal continues to be the 18-month CD with a 1.55% APY for a minimum deposit of $25K (1.45% for $1K minimum).

Alliant’s CD early withdrawal penalty is 180 days of interest for terms of 24 to 60 months. Please refer to the Alliant’s certificates FAQ for the full details.

As I reported in my last weekly summary, long-term CD rates appeared to have bottomed. If we start to see similar CD rate hikes at other institutions, it may be an indication that we’re nearing the tail end of this bottom.

Alliant Savings and Checking Accounts

In addition to top CD rates, Alliant Credit Union has good deals on its savings and checking accounts. Not only do they have competitive rates, but they provide several nice features as I described in my last Alliant savings and checking account review.

Membership

There two easy ways to qualify for membership into Alliant. First is through the PTA (either national or local). Second is through the Orphan Foundation of America. According to Alliant's Orphan Foundation of America page:

Members of the OFA are eligible to join Alliant Credit Union and experience the Alliant Advantage [...] By making a $10 or greater donation to the Orphan Foundation of America, you will become a member of OFA, receive literature and other information from OFA, and qualify to join Alliant.

For the full details on membership, please refer to Alliant's membership page. Those who live or work in parts of Chicagoland can be immediately eligible to join.

Alliant Credit Union Overview

In addition to Chicago, Alliant Credit Union has branches in the Los Angeles and San Francisco Bay areas, Denver and the Washington DC metro area.

With $7.59 billion in assets, Alliant Credit Union is the seventh largest credit union in the nation. It has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 4.14% (excellent) based on December 2010 data. Please refer to our financial overview of Alliant Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 67955).

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  Tags: Alliant Credit Union, CD rates

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Comments
2 comments.
Comment #1 by Anonymous posted on
Anonymous
I can never get Alliant to show up in your rate tables, regardless if I only choose national or also choose California.

1
Comment #2 by Anonymous posted on
Anonymous
The 0.15 increase in CD rates is rounding error, not worth mentioning it.

3