USALLIANCE Ups 24-Month Certificate Rate


Deal Summary: 24-month Fixed Rate Certificate, 2.02% APY, $500 minimum deposit

Availability: Easy membership requirement

USALLIANCE Financial (USALLIANCE) is continuing to offer a variety of competitive CDs. In late October, the 24-month Fixed Rate Certificate rate increased 15 bps to 2.02% APY. The minimum deposit is $500, with no stated balance cap.

2.02%$500-USALLIANCE Financial24 Month CD
Accounts mentioned in this post. Rates as of December 14, 2017.

In little more than five months, six rate increases have added 78 bps to the 24-month Fixed Rate Certificate’s APY. Even though the 2.02% APY is the highest rate since the Certificate was added to the product line in June 2011, USALLIANCE has been offering certificate specials with terms and rates close to this, including the 24-month Cooperative Rewards CD special in August and the 25-month CD special in September.

The 24-month Certificate can be found on USALLIANCE’s Savings Rate page, as opposed to the Investments page where the Certificate Specials are located. The current certificate specials listed on this Investments page are not noteworthy. Even though it’s not listed as a special, USALLIANCE’s 35-month certificate is noteworthy. I wrote about it in this October blog post. It earns 2.38% APY with a $500 minimum deposit.

As stated in USALLIANCE’s Certificate Accounts Disclosure, the Early Withdrawal Penalty (EWP) reads as follows:

If your Certificate Account has an original maturity date of 18 months or longer,
the penalty amount will equal 360 days of dividends on the amount withdrawn.

Many DA readers are familiar with USALLIANCE’s “right to call” any of its Certificates early. In the past, USALLIANCE has stated that the right to call has never been exercised. Nonetheless, the “right to call” is spelled out in the Certificate Accounts Disclosure, and reads as follows:

The Credit Union has the right to call or redeem Certificate Accounts early. To call or redeem your Certificate Account early, the Credit Union will provide 60 days written notice to you. Should the Credit Union exercise this option, your Certificate Account will be redeemed without penalty on the day specified in the notice, and the entire balance, including earned dividends, will be automatically transferred to your Share Management Checking, Share Management Savings, STAR Account or MyLife Account (Checking or Savings) for easy access.

Thanks to DA reader, Carpline, for his Forum post about the latest CD deal at USALLIANCE.


Headquartered in Rye (Westchester County), New York, USALLIANCE Financial's field of membership (FOM) is wide and varied, with residency, employment, and charitable organization membership serving as qualifying criteria. Since I last wrote about USALLIANCE in September, there have been a couple additions to the FOM, which I’ve noted below.

The first page of USALLIANCE's online application details the various ways to join.

Easy Membership Requirement: The ninth option (associations or charitable organizations) listed under "How Do You Qualify For Membership," lists eleven organizations and associations that can be joined by anyone.

  • American Consumer Council (ACC)
  • AOPA
  • Arc of Westchester
  • Council of Community Service
  • New York Historical Society Museum and Library
  • The Rye Arts Center
  • St. Thomas Orchestra of Mamaroneck
  • Sullivan ARC (Sullivan County residents only)
  • The Bill Fish Foundation
  • Tread Lightly!
  • Unite Here

The tenth option allows you to join USALLIANCE and any of five named associations, including ACC, simultaneously.

By selecting one of the associational membership options below, which entitles me to membership with USAlliance Financial, I authorize USAlliance to submit my membership request to my chosen association.

Residency: Individuals who live, work, or worship in the Massachusetts counties of Barnstable, Essex, Middlesex, Norfolk, Plymouth, Suffolk, or Worcester are eligible for membership. In addition, individuals who live, work, or worship in the city of West Haven, Connecticut, and qualifying districts in Manhattan, Mount Vernon, and The Bronx, also qualify.

Employment: Employees of over 175 companies are eligible to join, including employees or retirees of the state or local government in the New York counties of Columbia, Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster, or Westchester.

Education (New): Students, staff, and faculty members of Columbia University and Manhattanville College (both in NYC) qualify for membership, as do members of Columbia University’s Alumni Association.

Religious Affiliation (New): Members of ten named houses of worship in the New York counties of Bronx, Sullivan, and Westchester are eligible to join.

Joining USALLIANCE and/or opening a Certificate Account can be done online, or at any of the following 21 branch locations:

  • Connecticut – West Haven (2)
  • Massachusetts – Cambridge, Danvers, Malden, and Medford
  • New York – Bronx, Ferndale, Napanoch (2), New York City (3), Otisville, Port Chester, Purchase, Rye, Somers, Wallkill, White Plains, and Woodbourne

Credit Union Overview

USALLIANCE Financial has an overall health grade of "B+" at, with a Texas Ratio of 7.12% (excellent) based on June 30, 2017 data. In the past year, USALLIANCE has increased its total non-brokered deposits by $4.08 million, an above average annual growth rate of 0.44%. Please refer to our financial overview of USALLIANCE Financial (NCUA Charter # 17587) for more details.

USALLIANCE Financial was chartered in 1966 as a credit union for IBM employees. Formerly known as USAlliance Federal Credit Union, the Credit Union did a rebrand in September 2015 to "help drive home all that we have to offer to potential members." From humble beginnings in the company's basement cafeteria, USALLIANCE is currently the 18th largest credit union headquartered in New York State, with nearly 97,000 members and assets in excess of $1.2 billion.

How the Certificate Compares

When compared to the 198 similar length-of-term CDs tracked by that require a similar minimum deposit and are nationally available, USALLIANCE Financial’s 24-month Certificate Account APY currently ranks second.

Interest RateCD Length of TermCredit Union/Bank
2.12% APY24-Month Personal CDConnectOne Bank
2.02% APY24-Month Certificate AccountUSALLIANCE Financial
2.00% APY22-Month CD Special Fort Knox Federal Credit Union

The above rates are accurate as of 11/10/2017.

To look for the best CD rates, both nationwide in state specific, please refer to our CD rates table or our Rates Map page.

Related Pages: New York CD rates, Boston CD rates, Hartford CD rates, 5-year CD rates, nationwide deals

CapitalClimate   |     |   Comment #1
This replaces 25-month 2.00%? Why did they bother to make the change?
USALLIANCE Adds 35-Month Certificate
Deal Summary: 35-month Fixed Rate Certificate, 2.38% APY, $500 minimum deposit

Availability: Easy membership requirement

In the past year, there have been 13 blog posts and Forum posts about products offered by USALLIANCE Financial (USALLIANCE). The latest competitive CD being offered by this prolific credit union is a 35-month Fixed Rate Certificate (2.38% APY). The minimum deposit is $500, with no stated balance cap.

This Fixed Rate Certificate is listed on USALLIANCE’s Savings Rate page, as opposed to the Investments page where the Certificate Specials...

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USALLIANCE Financial Ups Long Term Certificate Account Rates
Deal Summary: Fixed Rate Certificate Accounts: 25-month, 2.00% APY; 36-month, 2.173% APY; 48-month, 2.22% APY; $500 minimum deposit.

Availability: Easy membership requirement

Unfortunately, USALLIANCE Financial (USALLIANCE) is no longer offering the Cooperative Rewards CD Specials it featured in August. Not to be left without a competitive rate or two, USALLIANCE raised the rates on some of its Fixed Rate Certificate Accounts last Friday. The 25-month (2.00% APY), 36-month (2.173% APY), and 48-month (2.22% APY) are the most attractive. The minimum deposit is $500, with no...

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USALLIANCE Adds Cooperative Rewards CD Specials

UPDATE 9/1/2017: Cooperative Rewards CD Specials no longer available.

Deal Summary: Cooperative Rewards CD Specials: 15-month, 1.51% APY; 24-month, 2.02% APY; 36-month, 2.28% APY, $500 minimum deposit, promo code COOPCD, e-Statements required.

Availability: Easy membership requirement.

Now through August 31, 2017, USALLIANCE Financial (USALLIANCE) is offering three Cooperative Rewards CD Specials: 15-month, 1.51% APY; 24-month, 2.02% APY; 36-month, 2.28% APY. The minimum deposit is $500, with no stated balance cap. In the past, USALLIANCE has required new money for their CD Specials, there’s no mention...

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USALLIANCE Financial Adds 36-Month High Yield CD
UPDATE 6/1/17: In a Live Chat today, CSR stated the 36-month High Yield CD Special is no longer available.
UPDATE 4/27/17: Following a Live Chat this morning, I have included what USALLIANCE states is the correct information on the 36-Month High Yield CD Special.

Deal Summary: 36-month High Yield CD Special, 2.20% APY, new money, $500 minimum deposit, no stated balance cap.

Availability: Easy membership requirement.

4/27/2017 Live Chat Highlights

    Live Chat: All our CDs are available as retirement CDs. Even CD...

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USALLIANCE Financial's MyChoice CD Option Adds 0.25%

UPDATE4/26/17: MyChoice CD Option has been reduced to 0.25%.

Availability: Easy membership requirement.

Yesterday, DA reader and contributor, ChasR, forwarded an email from USALLIANCE Financial (USALLIANCE) announcing that the Golden Anniversary 9-month CD (1.55% APY) was being re-opened. On its face, it appears to be a good deal, but the fine print chips away at its competitiveness.

  • The 1.55% APY only applies to the first $15k of the deposit.
  • Requires a new MyLife Checking account with Direct Deposit ($500 minimum), or
  • Requires a new USALLIANCE Financial credit card, with at least...

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