USALLIANCE Financial's MyChoice CD Option Adds 0.50%


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 one completed transaction.
  • Existing members with checking and/or credit card are excluded from this offer.
  • CD will not be funded until the Direct Deposit is received or the credit card usage is verified.

After fulfilling the requirements to qualify for the stated APY, it only results in about an additional $62 when compared to keeping $15k in a 1% savings account for nine months.

While the Golden Anniversary CD may be part of a targeted marketing campaign, it can also be found on Investments-CD page, along with USALLIANCE’s other Special CDs, including the popular 15-month CD Special (1.51% APY).

MyChoice CD Specials

USALLIANCE debuted its new website in August, and for some reason, chose to place all the Special CDs under the Investment heading, although most of us associate “investment” with brokerage services. But now that we know where to look, I thought it would be a good time to discuss USALLIANCE’s MyChoice CD Specials, which adds an additional 0.50% to any CD (excluding Specials and the 24-month CD) for first-time members. The minimum opening deposit is $500 and the promo code “MYCHOICE” must be used when applying online or by phone. eStatements are also required to receive the additional 0.50%.

The MyChoice rate increase results in some really good deals for new members:

  • 18-month CD (1.11% APY + 0.50%) = 1.61% APY
  • 36-month CD (1.26% APY + 0.50%) = 1.76% APY
  • 48-month CD (1.46% APY + 0.50%) = 1.96% APY
  • 60-month CD (1.71% APY + 0.50%) = 2.21% APY

As stated in USALLIANCE’s Truth In Savings document, the Early Withdrawal Penalty reads as follows:

If your Certificate Account has an original maturity date of less than 18 months the
early withdrawal penalty will equal 180 days dividends on the amount withdrawn.
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.

Callability Policy

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.


Headquartered in Rye, New York (Westchester County), USALLIANCE Financial's field of membership is wide and varied, with residency, employment, and charitable organization membership serving as qualifying criteria.

USALLIANCE's online application Disclosure page for membership and new accounts details the various membership routes, which have been expanded since I last wrote about USALLIANCE.

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

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

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, volunteer, worship, attend school, or do business in the city of West Haven, Connecticut, are eligible to join.

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.

Bethex Charter: USALLIANCE acquired Bethex Federal Credit Union about a year ago and former Bethex members have been grandfathered into USALLIANCE’s field of membership.

Joining USALLIANCE and/or opening a Certificate can be done online, or at any of 22 branches located in,

  • 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, Tarrytown, Wallkill, White Plains, and Woodbourne

Credit Union Overview

USALLIANCE Financial (NCUA Charter # 17587) has an overall health grade of "B+" at, with a Texas ratio of 9.48% (excellent) based on June 30, 2016 data. In the past year, USALLIANCE increased its total deposits by $122 million, an excellent annual growth rate of 14.04%. Please refer to our financial overview of USALLIANCE Financial 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 has grown to over 93,800 world-wide members and with assets in excess of $1.1 billion.

How the MyChoice CD Specials Compare

When compared to the 144 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available nationally, USALLIANCE Financial’s 18-month MyChoice CD Special APY currently ranks first.

Interest RateCD Length of TermCredit Union/Bank
1.61% APY18-Month MyChoice CD SpecialUSALLIANCE Financial
1.60% APY16-Month CDConsumers Credit Union
1.50% APY15-Month Special CDVeridian Credit Union

When compared to the 175 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available nationally, USALLIANCE Financial’s 60-month MyChoice CD Special APY currently ranks second.

The above rates are accurate as of 11/29/2016.

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

USALLIANCE Financial Continues To Offer Top Rate 15-Month CD
Availability: Easy membership

In yesterday’s CD Rates Summary, I noted that USALLIANCE Financial (USALLIANCE) was still offering its 15-month Fixed Certificate Special (1.51% APY), which offers the best rate for CDs with terms around 18 months.

A long-time DA reader contacted me to say he couldn’t find the 15-month Fixed Certificate Special listed in USALLIANCE’s Rate table. After a little investigation, I discovered that USALLIANCE is no longer posting a link to its Certificate Specials on its Home Page, but has moved the link to its Savings Rates page, located...

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USALLIANCE Financial Adds 5-Month CD Special - New Members

UPDATE 1/28/2016: No longer available

UPDATE 12/10/2015: Maximum deposit is now $25K.

Availability: Easy membership

First, the good news: USALLIANCE Financial (USALLIANCE) has just added a new 5-month Fixed CD Special (3.05% APY).

Now, the caveats: the 5-month Fixed CD Special is only available to new members and must be opened using USALLIANCE’s mobile app (Smartphone or tablet) OR the mobile website.


  • Minimum deposit is $500.
  • Maximum deposit is $10K $25K.
  • eStatements are required.
  • Only available to new USALLIANCE members.
  • Only one 5-month Fixed CD Special per Social Security number.

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USALLIANCE Financial Revives 25-Month CD Special

UPDATE 10/2/2015: 13-month CD Special is no longer listed on USALLIANCE Financial's website.

UPDATE 9/27/2015: 25-month CD Special is no longer listed on USALLIANCE Financial's website.

Availability: Easy membership

USAlliance Federal Credit Union is now USALLIANCE Financial.

According to the Credit Union, the new name is a rebrand to "help drive home all that we have to offer to potential members."

In addition to the new name, USALLIANCE Financial (USALLIANCE) has brought back its perennial favorite, the 25-month CD Special (2.28% APY). DA readers may recall that this 25-month CD Special appears, disappears,...

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USAlliance FCU's "Summer Blow Out" Rate On 25-Month CD Special

UPDATE 8/20/2015: The 25-month CD Special has been withdrawn.

UPDATE 8/4/2015: According to USAlliance's website, "This special rate offer has been extended for a limited time."

Availability: Easy membership

This is the latest installation in the tale of USAlliance Federal Credit Union's (USAlliance) somewhat elusive and ever changing 25-month CD Special. DA readers may remember that this CD Special appears, disappears, then re-appears, and occasionally there’s a rate hike in the mix.

It’s back again: 25-month CD Special (2.27% APY).

USAlliance's website phrased it rather succinctly:


  • Minimum deposit is $500.
  • Maximum deposit...

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USAlliance Federal CU Raises Rate On 25-Month Fixed Certificate Again

UPDATE 6/12/2015: It's back! DA member, Sylvia, posted in the Forum that the 25-month Fixed Certificate is once again listed on USAlliance's online application. The current rate is 2.01% APY.

UPDATE 5/30/2015: I have confirmed what several DA readers have posted in the Comments section: the 25-month Fixed Certificate is no longer available.

DA readers may remember my "Good News, Not-So-Good News, and Strange News " blog in the beginning of May concerning USAlliance Federal Credit Union's (USAlliance) 15-month Certificate Special (1.51% APY) and 25-month Fixed...

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