Alliant Credit Union Kids Savings Account

Key Takeaways

• High yield savings. This account offers an annual percentage yield of up to 3.01%, which is much higher than the average interest rate for a savings account. However, you must meet minimum balance requirements for higher APYs.
• No monthly maintenance fees. This account does not charge any monthly account fees.
• No minimum initial deposit. There is no minimum balance required to open an account online.
• No ATM fees. Alliant Credit Union Kids Savings Account does not charge fees on ATM transactions .

Alliant savings account Pros & Cons

Alliant savings account FAQ

Are savings accounts from Alliant federally insured?

Does Alliant Credit Union 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.

What APY does Alliant Credit Union Kids Savings Account offer?

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?

• 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?

• 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?