Unfortunately, Alliant's CD rates didn't hold. The CD rates fell by 25 basis points. The yield for a minimum deposit of $25,000 is now 3.90% APY for terms of 1 to 2 years.
Alliant Credit Union Certificate Rate Changes as of 6/2/08:
TERM APY/$1K min APY/$25K min APY/$1K min APY/$25K min
12-17mo 4.00% 4.15% 3.75% 3.90%
18-24mo 4.00% 4.15% 3.75% 3.90%
Please refer to Alliant's rate table for more rate details.
One thing of note on the rate table is that Alliant still offers 5.15% APY on its Health Savings Account (HSA). Another plus with this account is that there are no fees for account opening, maintenance or transactions. This government HSA page has all the details about HSAs. In a nutshell, HSAs enable you to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax-free basis. You must be covered by a High Deductible Health Plan (HDHP) to be able to take advantage of HSAs. One reason why Alliant probably offers a higher rate on the HSA is that there's a limit on how much an individual can contribute each year.
For details about the savings accounts, certificates and membership qualifications, please refer to my previous Alliant Credit Union review. Anyone can be qualifed to join via membership in the National PTA.
Branches are located in Chicago, Des Plaines, and Elk Grove Township, Illinois. There are also branches in Colorado, California and Virginia. The credit union is federally insured by the NCUA (Charter # 67955). It's a large credit union with $5.3 billion in assets and 213,782 members.
Thanks to the readers who mentioned these CD rate changes in the comments.