Update 6/02/09: The rates have fallen. Please check the credit union's website for the latest rates. Rates as of 6/02/09 include: 2.25% APY for Savings, 2.00% APY for High Rate Checking, 4.00% APY for HSA, CDs with $25K min: 2.40% APY 12mo-23mo, 2.55% APY 24mo-35mo, 3.00% APY 36mo-47mo, 3.25% APY 48mo-60mo
Like many credit unions Alliant Credit Union lowered several of its deposit rates for April. However, rates remain very competitive. The savings account rate dropped from 3% to 2.75% APY, and the high rate checking rate dropped from 2.75% to 2.50% APY. The savings and checking account rates typically last for the entire month.
I just noticed this morning that they also lowered the CD rates. Unlike the savings and checking rates, CD rates can change any time during the month. Even with these new cuts, the CD rates remain competitive. As listed in the rate table as of 4/02/09 the rates include:
- 2.90% APY for 12 to 23 months
- 3.05% APY for 24 to 35 months
- 3.50% APY for 36 to 47 months
- 3.75% APY for 48 to 60 months
In addition to the very competitive rates, the deposit products have several other nice features. Refer to the following posts for a review of these accounts:
members eligibility page for more details.
One downside regarding membership is that several readers have reported a hard credit inquiry by Equifax in the application.
Alliant's customer service has impressed many readers. Reports indicate they answer their phones promptly and provide helpful information. They have 24/7 live phone assistance.
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).