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  Alliant Credit Union Kids Savings Account

Alliant Credit Union Kids Savings Account

in Savings Accounts from Alliant Credit Union · ncua

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Alliant Credit Union Kids Savings Account

Unaffiliated

in Savings Accounts from Alliant Credit Union · Insured by NCUA

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Highlights
Monthly Fee $0
APY (Annual Percentage Yield) 0.55%
APY Minimum Balance $100

Alliant Credit Union Kids Savings Account Review

Alliant Credit Union Kids Savings Account is offered by Alliant Credit Union, a credit union founded in 1935 and based in Chicago, IL. Alliant Credit Union Kids Savings Account is available in 50 states (and Washington, DC).

Key Takeaways
  • Higher than average APY. Alliant Credit Union Kids Savings Account has an annual percentage yield of up to 0.55%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $100.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • No minimum initial deposit. There is no minimum balance required to open an account.
  • No ATM fees. Alliant Credit Union Kids Savings Account does not charge fees on ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through Alliant Credit Union.
Alliant savings account Pros & Cons
Pros Cons
  • Available in all 50 states.
  • Dividend-yielding account
  • Insured by NCUA.
  • Access to physical branches.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Not FDIC-insured.
  • Higher than average wire transfer fees.
Alliant savings account FAQ

Are savings accounts from Alliant Credit Union federally insured?

Yes, your Alliant Credit Union savings accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

Does Alliant Credit Union offer a signup bonus?

Alliant savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Alliant savings account?

There is no minimum deposit to open a Alliant savings account.
Alliant Credit Union Kids Savings Account Minimums
Description
APY Minimum Balance $100
Minimum Opening Deposit Starting at $0
Minimum Required Balance $0

What APY does Alliant Credit Union offer?

Alliant savings account offers an APY of 0.55% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Alliant savings account charge?

Alliant savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

  • Outgoing domestic bank transfers come with a $25 fee.
  • Outgoing international bank transfers come with a $50 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Alliant savings account charges $1 every time you request a paper statement.

What features and perks does Alliant savings account offer?

This savings account includes the following features:

  • Fraud monitoring - Alliant savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Alliant savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Alliant savings account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Alliant savings account?

The customer support email for Alliant savings account is chicu@alliantcreditunion.com.

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Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

APY Minimum Balance $100
Minimum Opening Deposit Starting at $0
Minimum Required Balance $0
Monthly Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Paper Statement Fee $1
Returned Deposit Fee (Domestic) $15
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Outgoing) $50
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Automatic Transfers
  • Insured by NCUA
  • Branch Access
  • Teen Checking Account
APY (Annual Percentage Yield) 0.55%

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