Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
Alliant Credit Union0.70%--Savings
Alliant Credit Union0.65%--High Rate Checking
Accounts mentioned in this post. Rates as of July 31, 2014

Top Savings & Checking Account Rates Continue at Alliant Credit Union

POSTED ON BY

I just confirmed that Alliant Credit Union will be keeping its savings and checking rates the same for December. Alliant Savings Account has a 1.15% APY on balances of $100 or more. Its High Rate Checking has a 1.10% APY on all balances. This checking rate requires monthly electronic deposits and e-statements.

With these rates holding through December, Alliant has become the only institution that has kept its savings account rate unchanged for all of 2011. It was back in December 17, 2010 that we learned that Alliant was going to cut its 1.35% APY to the above yields on January 1, 2010. That was a big cut that put Alliant way down on my list of the best savings accounts. However, all other banks and credit unions on that list have cut rates this year. The only institution that was on this list in January that is still above Alliant is Incredible Bank which offers a money market account with a 1.18% APY.

In addition to competitive rates, Alliant has several nice banking features as described at Alliant's checking page. I have more details on Alliant's other features like remote deposit and free credit score in this Alliant Credit Union account review.

Another reason to join Alliant is if you're looking for competitive HSA, CD and IRA CD rates. The Jumbo CDs have a minimum deposit of $25,000, and their rates are 10 basis points higher than the regular CDs. Unlike the savings and checking rates, Alliant can change CD rates at any time. That happened on November 17th when all of the CD rates fell by 20 bps. Even with these cuts, the CD rates remain competitive.

Membership

There two easy ways to qualify for Alliant membership. First is through the PTA (either national or local). Second is through the Foster Care to Success (FCS) organization. According to Alliant's Foster Care to Success page:

Members of FCS are eligible to join Alliant Credit Union [...] By making a $10 or greater donation to the Foster Care to Success (FCS), you will become a member of FCS, receive literature and other information from FCS, 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.

You can join Alliant online. Also, most accounts can be opened online and funded with an ACH transfer from your existing bank.

One downside with applying for membership is that Alliant does a hard credit inquiry which can temporarily ding your credit score.

Alliant Credit Union Overview

Alliant Credit Union used to be United Airlines Employees’ Credit Union. That's why many of their branches are located in airports.

In addition to Chicago, Alliant Credit Union branches are located in the metro areas of Los Angeles, San Francisco, Phoenix, Denver, Houston, Washington DC and Newark. Note, some of these branches are located inside airports and are not publicly accessible.

One downside with Alliant is that it's not part of any shared branch network.

With $7.86 billion in assets, Alliant Credit Union is the sixth 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 4.81% (excellent) based on June 2011 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).


  Tags: Alliant Credit Union, CD rates, savings account, checking account, Illinois, California, Texas, Colorado

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Comments
18 Comments.
Comment #1 by pdxmale posted on
pdxmale
Alliant is the bect HUB account that one can find.

A Transfer scheduled by noon one day will be in the "other" institution the next day. I don't know of anyone that is that fast let alone any faster. The same applies when transfering money from another institution into Alliant.

 

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Comment #4 by Anonymous posted on
Anonymous
Anonymous # 2 - many online banks require each account owner to create their own registration profile on the bank's website with their own login information.  Each profile is only given the account information for those accounts specifically registered in that person's name.  I have several accounts registered differently with Capital One, and the account information is shown for only those accounts with a person's name registered to it (whether as single owner or coowner).  If Alliant is not allowing a coowner to view the account even after creating their own registration profile from the other owner, then they need to correct that.

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Comment #5 by Anonymous posted on
Anonymous
mak1118 -  This is a post concerning Alliant.  What does Fort Knox Credit Union have to do with this post?

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Comment #6 by mak1118 posted on
mak1118
#5  I was just trying to clarify something I reported on last week and I think it is only fair that if I made a statement about a problem and then it was rectified I felt it was important to bring it to the readers attention and also unfair to FKFCU if I didn't.

I didn't know where to put it, I apologize if it bothered you but I felt it was important for me to report the truth back to the fellow readers.  

 

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Comment #7 by Anonymous posted on
Anonymous
Mak:  It is always good to know when an institution has a good resolution with a customer.  Since many of us, like myself, read a lot of the blogs, it is hard to know just where to put a post sometimes.  I, personally, was glad you got your message to us about Fort Knox.  Thanks!

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Comment #8 by mak1118 (anonymous) posted on
mak1118
anonymous #7:  Thanks for saying that.

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Comment #9 by Anonymous posted on
Anonymous
Unfortunately, Alliant has very low limits on outgoing/incoming ACH transfers that originate at Alliant.  This is true even after you have been a customer for many years and keep very high balances in your accounts.  As far as I know, there is no way to get a waiver on this from their management team.

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Comment #10 by Anonymous-#10 (anonymous) posted on
Anonymous-#10
AFIK,  there is NO limit on ACH transfers orginating into or out of an Alliant account.  I transfered 75k just last week to an external bank account and just now did a test withdrawal of 100k without triggering a limit warning regarding the ACH transfer.  There is, however, a low ACH transfer limit when you first open an account with Alliant.

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Comment #11 by emdtech posted on
emdtech
I posted this comment on 10/28/2011 and I continue to support it:

Alliant CU is our primary CU for everyone in our family. Alliant’s IRA department personnel have been very helpful with setting up accounts and handling transfers from other institutions.

I would highly recommend this Credit Union to everyone. We have been with Alliant since Feb 2009 and have checking, savings, CD's, Traditional & Roth CD IRA's and Education IRA's accounts.

I would highly recommend Alliant CU for everyone.

I do not work for this institution.

 

 

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Comment #14 by INVESTMENT CHOICE (anonymous) posted on
INVESTMENT  CHOICE
while this site serves my need for banking info any site that could help out with bonds or mutual funds  due to the rates with cds i for one will be going 50 50 mix with the afore mentioned  

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Comment #15 by Anonymous posted on
Anonymous
Perhaps Fort Knox is following the deposit accounts blog.   After all, they stand to lose a lot of potential depositors based on bad experiences which the blogger previously wrote about.   I am an avid reader and sometimes contributor of the blogs.   Each of us will take what we want from others' comments.   Personally, I thought about opening a CD with Fort Knox back when rates were decent.   Then we heard about them changing their Early Withdrawal Penalty and making it retroactive.   That was a great big warning sign for me.   Even worse was the blessing they got from the regulatory authorities when complaints were made. 

It would be in the best interests of financial institutions to follow this blog and learn some lessons from it.  Many of the readers and users are the ones with the assets to deposit at their institutions and they will get fewer of those deposits if they get a bad reputation.

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Comment #16 by ichaelm (anonymous) posted on
ichaelm
Ken, since most of your readers undoubtedly have accounts with multiple banks and cu's, maybe someday you should take an informal poll on which one is their favorite. I bet Alliant would win in a landslide.

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Comment #17 by Anonymous posted on
Anonymous
To pdxmale - #8,

He wrote: “as he laughs all the way to the bak”

And I say, in his imaginary world of imaginary banks and virtual bonus money.

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Comment #18 by que es esto (anonymous) posted on
que es esto
BAK? watch out 17 that me be deleted

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Comment #19 by Anonymous posted on
Anonymous
So much off topic stuff and misinformation here . . so little time:

The Alliant cumulative daily ACH limit is $100,000 . . I speak from many, many personal experiences having moved that amount in a single day.

As for posting off topic here about another CU:

Why do you think Ken created and gave us the forum??  Not only does OT stuff mess up this Alliant thread but . . it makes the OT information unsearchable by others who might benefit.  That's why you start a NEW forum thread and include in the title the name of the institution about which you wish to share information . . . . just like Ken did when he put the name "Alliant" in the thread title here.

 

GAWD   net ninnies are a pestilence!

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Comment #20 by Anonymous posted on
Anonymous
I don't know why my earlier post got deleted about co-owner issue at Alliant.

Alliant is not allowing a co-owner to view the account even after creating their own registration profile from the other owner, they need to correct this. I hope they understand what co-ownership is.

1
Comment #21 by Bozo posted on
Bozo
I would suspect Alliant gets the "five thumbs up", best credit union on the planet, and all that.

It's not rocket science.

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Comment #22 by Margo (anonymous) posted on
Margo
When I was looking for <a href="http://www.mecuokc.org/">credit unions in Oklahoma City</a>, I liked some of the benefits like checking account rates.  I really like how credit unions at least seem like they are there for the customer and don't just care about your money!

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