From a competitive standpoint, 3.75% APY is still near the top for a non-promo rate. Only Indymac Bank's E-Money Market account yield is higher at 3.85% APY, but this requires a minimum balance of $10,000. Alliant only requires a $100 balance to earn the full yield. For details about Alliant's savings account, please see my Alliant account review.
Rates on Alliant's other deposit products remained the same. Alliant's Health Savings Account still has a 5.15% APY, and their top certificate yield continues to be 3.90% APY. I was hoping we would see a bump in the CD rates since the banks have become more competitive lately.
Membership is open to local and national PTA members. There's a $25 membership fee for the National PTA, and it appears to be open to all. Membership in your local PTA may be a lower cost option. Please see the credit union's members eligibility page for more details.
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. Alliant Credit Union still has a rating of 3 stars (performing) at Bankrate based on 12/31/07 data. BauerFinancial gives the credit union 5 stars (superior) based on 3/31/08 data.