Alliant CU High-Rate Online Savings Account

Alliant CU High-Rate Online Savings Account Review

Alliant CU High-Rate Online Savings Account is offered by Alliant Credit Union, a credit union founded in 1935 and based in Chicago, IL. Alliant CU High-Rate Online Savings Account are available in 50 states (and Washington, DC).

Key Takeaways

• Higher than average APY. Alliant CU High-Rate Online Savings Account has an annual percentage yield of up to 0.55%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $100 to earn that interest rate.
• $0 monthly fee. This account does not charge any monthly account fees.
• Small minimum initial deposit. You only need $5 to open an account.
• No ATM fees. Alliant CU High-Rate Online Savings Account does not charge fees on ATM transactions.
• Soft credit pull. This bank will not perform a hard credit pull when you open a checking account.

Alliant savings account Pros & Cons

Pros	Cons
Available in all 50 states. Dividend-yielding account. Insured by NCUA. Access to physical branches. No charge on incoming domestic or international wire transfers.	No signup bonus. Does not come with a debit card Higher than average wire transfer fees.

Alliant savings account FAQ

Are savings accounts from Alliant Credit Union federally insured?

Yes, your 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?

The minimum deposit to open a Alliant savings account is $5.

Alliant CU High-Rate Online Savings Account Minimums

Description
Minimum Balance to Earn APY	$100
Minimum Opening Deposit	Starting at $5
Minimum Required Balance	$5

What APY does Alliant CU High-Rate Online Savings Account 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 a $10 fee for an early account closure. Contact Alliant savings account for more details on what is considered an early closure.
• 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:

• Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
• 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.
• 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.
• Soft credit pull - Alliant savings account performs a soft credit pull so you can check whether you qualify without hurting your credit.

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

Yes, you can typically set up a direct deposit to this account. 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.