Alliant Credit Union Increases CD Rates, Holds Savings Account Rate Steady - Available Nationwide

Thanks for the good news! I had an Alliant CD mature last month which I switched to Delta Community Credit Union. In the past year, Alliant CD rates haven't been too noteworthy. They've been okay but not outstanding. Let's hope this marks a return to more stellar rates, at Alliant specifically and with CDs generally.

eDepositPlus works quite nicely. You enter the check amount and which account you want to deposit to, then it leads you through scanning both sides of the check, and finally you verify the info and print the confirmation if you want.

It does open a new window so sometimes, if scanning takes a while, your ACU session in the other window might time out.

A couple times I have had difficulty in scanning postcard type rebate checks. I've used it for about 20 checks total.

I don't think it's any faster than preparing a mail-in envelope, but it's free and I like those deposits earning interest immediately.

I'm also a fan of eDepositPlus. Just scan the check and forget about it...no ATMs or envelopes to mail. Fantastic. I wish all banks would adopt it, but unfortunately, most have expensive branches to maintain.

I called to ask a few questions before I joined. It seems they have a $1000.00 ACH limit for six months on new accounts. No thanks..... After that they gradually raise it with longevity. I didnt ask the lady what the max ACH transfer limit was, but another member told me $25K.

You start off with a $10,000 ACH limit, which is then raised after 6 months.

Interesting, they must have changed that because I asked the lady twice and she verified that it was $1K, not $10K. She seemed to be very knowledgable on everything else. Maybe she was mistaken, but that is what she told me.

According to their FAQ, it is 1k for first 30 days, then 10k after that. It specifies possibilty of raise again aftgre 36 months.

I just called Alliant for the fourth time in a week about ACH limits, and received my fourth (different) answer. The CSR said the daily outbound ACH limit was $1,000 for the first 6 months, and then they would consider a higher limit based upon one's history with them. The previous 3 calls yielded other limits, which were different versions of a $10k daily limit plus various monthly limits. I don't find the limits mentioned by the previous poster (According to their FAQ....) anywhere on the site. Too much confusion for me...

Talked with very helpful Alliant CSR today, and confirmed $1K max opening ACH.
Also confirmed Hard Pull credit check.
Only way to get Jumbo Certificate ($25K+) is to mail check or wire funds after savings account approval.
They were knowledgable and nice.
Beats Discover Bank any day (lowered online savings 2.0 to 1.85% today)!!!

Why do you care what the ACU ACH limits are? Just initiate the transfer from another bank.

Went into the Denver branch. Everything went very smoothly. The CSR didn't check for a verification of my membership to the National PTA.

Interestingly, if joining Alliant membership in a local school PTA should definitely be the way to go rather than going with the cost of a national PTA membership. For example, membership in my neighborhood elementary school PTA runs $5, the middle school PTA membership is around $7 and the high school PTA membership runs around $8.

Re Customer Service with this bank - my experience was terrible this morning so am not impressed at all. The CSR was not only lackadaisical, she could not answer questions consistently on a couple of topics.

Since I had previously looked on the Website and could not find information about early withdrawal penalties I asked her about them. Her first answer was that it was 90 days interest regardless of term. A little later in the conversation I circled around again and was told it was 180 days depending on how long the account had been open. I finally asked where the information was documented on the Website and she didn't know, also asked a colleague who didn't know either and she finally said it wasn't on the Website.

This was like dealing with the Keystone cops and hardly left me feeling reassured about doing business with this bank.

Alliant definitely does a Hard Credit Inquiry -- and if you send in the application via mail (as is required if you have a fraud alert on your credit report), they don't cross check for credit cards or other product eligibility. If you want a credit card too, then that is a separate credit pull even if you just opened the account (I did it within 30 days and was told they'd have to do a second credit inquiry. Also, the initial ACH limit is $1,000 -- I just initiated the transfer of fund from an external account into Alliant to get around this. So far, their customer service has been excellent, but some of their policies (i.e., hard credit pulls) are very shortsighted.

CD rates changed today. 12 month jumbo CD down from 2.1 to 1.75 apy