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Alliant Credit Union CDs Expired

Up to 5.45% APY
+30 Deal Score
40,680 Views
Alliant is offering up to 5.45% APY to their Alliant Credit Union CDs.

Thanks to Slickdeals Staff Member EfficientGame645 for sharing this deal.

Product Details:
  • Low minimum deposit of only $1,000; no maximum
  • Jumbo certificates may be available for a higher rate if you deposit $75,000 or more
  • Choose from a variety of maturity dates including 12-month and 60-month terms
  • Dividends compounded every month and at maturity
  • Funds are insured up to $250,000 by NCUA
APY= Annual Percentage Yield. The APY is accurate as of the 11/1/2023 dividend declaration date. A $1000.00 minimum deposit is required to open a Regular Alliant Certificate. A $75,000 minimum deposit is required to open an Alliant Jumbo Certificate. If you open an Alliant Jumbo Certificate with a minimum deposit of $75,000, but later withdraw funds from the account and bring the balance below $75,000, the Alliant Jumbo Certificate will convert to a Regular Alliant Certificate, which may pay a lower rate. You must be an Alliant member. Alliant Certificates are available as Regular Share Certificates and, Jumbo Share Certificates. Both Regular and Jumbo Certificate types are also offered as Traditional IRA Certificates, Roth IRA Certificates, and SEP IRA Certificates. In addition, prior to opening an IRA Certificate (Traditional, Roth and SEP), you must have or establish an IRA with Alliant. You may not add any additional money to your Certificate after opening. Dividends compound monthly and are paid on the last day of the month and at maturity. There are no penalties for monthly dividend withdrawals. Early withdrawal penalties do apply if the Certificate is closed before the maturity date unless the Certificate funds are moved to Alliant Retirement and Investment Services. If you wish to move your Certificate funds to Alliant Retirement and Investment Services, you must wait until 7 days after your Certificate has been opened. Other exceptions to early withdrawal penalties may be allowed. Monthly dividend withdrawals are not eligible on IRA Certificates if owner is under age 59 1/2. Any monthly withdrawals or transfers reduce earnings. If you change the term of your renewed Certificate, the beneficiary(ies) need(s) to be reestablished by completing a Beneficiary Add/Delete Form. (Not applicable to IRA Certificates). The joint owner designated at the time of Certificate opening will remain as joint owner if you renew your Certificate with Alliant. Neither the primary account owner or joint owner may be a beneficiary on the Certificate account. You are not locked into a rate until you open or renew your Alliant Certificate. Alliant Certificate rates may change daily. Fees may reduce earnings on the account.


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Original Post

Written by
Edited March 22, 2024 at 02:22 PM by
Alliant is offering up to 5.45% APY to their Alliant Credit Union CD's.

Product Details:
  • Low minimum deposit of only $1,000; no maximum
  • Jumbo certificates may be available for a higher rate if you deposit $75,000 or more
  • Choose from a variety of maturity dates including 12-month and 60-month terms
  • Dividends compounded every month and at maturity
  • Funds are insured up to $250,000 by NCUA
APY= Annual Percentage Yield. The APY is accurate as of the 11/1/2023 dividend declaration date. A $1000.00 minimum deposit is required to open a Regular Alliant Certificate. A $75,000 minimum deposit is required to open an Alliant Jumbo Certificate. If you open an Alliant Jumbo Certificate with a minimum deposit of $75,000, but later withdraw funds from the account and bring the balance below $75,000, the Alliant Jumbo Certificate will convert to a Regular Alliant Certificate, which may pay a lower rate. You must be an Alliant member. Alliant Certificates are available as Regular Share Certificates and, Jumbo Share Certificates. Both Regular and Jumbo Certificate types are also offered as Traditional IRA Certificates, Roth IRA Certificates, and SEP IRA Certificates. In addition, prior to opening an IRA Certificate (Traditional, Roth and SEP), you must have or establish an IRA with Alliant. You may not add any additional money to your Certificate after opening. Dividends compound monthly and are paid on the last day of the month and at maturity. There are no penalties for monthly dividend withdrawals. Early withdrawal penalties do apply if the Certificate is closed before the maturity date unless the Certificate funds are moved to Alliant Retirement and Investment Services. If you wish to move your Certificate funds to Alliant Retirement and Investment Services, you must wait until 7 days after your Certificate has been opened. Other exceptions to early withdrawal penalties may be allowed. Monthly dividend withdrawals are not eligible on IRA Certificates if owner is under age 59 1/2. Any monthly withdrawals or transfers reduce earnings. If you change the term of your renewed Certificate, the beneficiary(ies) need(s) to be reestablished by completing a Beneficiary Add/Delete Form. (Not applicable to IRA Certificates). The joint owner designated at the time of Certificate opening will remain as joint owner if you renew your Certificate with Alliant. Neither the primary account owner or joint owner may be a beneficiary on the Certificate account. You are not locked into a rate until you open or renew your Alliant Certificate. Alliant Certificate rates may change daily. Fees may reduce earnings on the account.


Slickdeals may be compensated by Alliant Credit Union
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Created 02-01-2024 at 08:33 PM by EfficientGame645
in Finance Alliant Credit Union Banking - Bank Advertiser
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score +30
40,680 Views
Up to 5.45% APY
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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Featured Comments

I've banked with them for years. Been solid all that time
·
They're known to be the best credit Union across the whole country
·
Looks like you need to put in 75k to get 5.45. Otherwise it's 5.4 for 12 months. Still not bad. Still have a few months left on my Navy Federal CD though.
·

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Joined Oct 2011
L1: Learner
> bubble2 17 Posts
10 Reputation
tejas77in
03-10-2024 at 08:15 AM.
03-10-2024 at 08:15 AM.
Best rates !
Reply
Joined Jan 2009
L9: Master
> bubble2 4,965 Posts
574 Reputation
bigballs
03-10-2024 at 08:18 AM.
03-10-2024 at 08:18 AM.
You don't have to be a certain state/municipal resident to get in on this?
Reply
Joined Jan 2009
L9: Master
> bubble2 4,965 Posts
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bigballs
03-10-2024 at 08:21 AM.
03-10-2024 at 08:21 AM.
Had no idea credit unions are insured by NCUA and not FDIC.
Reply
Joined Aug 2006
L4: Apprentice
> bubble2 317 Posts
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nomad_coupon_king
03-10-2024 at 08:22 AM.
03-10-2024 at 08:22 AM.
You can buy CDs from your brokerage account like Fidelity , vanguard , etc,
Reply
Joined Jan 2011
L5: Journeyman
> bubble2 721 Posts
456 Reputation
mysore99
03-10-2024 at 08:25 AM.
03-10-2024 at 08:25 AM.
Quote from dadaadad :
Good rate, but US treasuries are still better.

better how? Please explain.
1
Reply
Joined Mar 2007
L5: Journeyman
> bubble2 689 Posts
230 Reputation
daforcebwithu
03-10-2024 at 09:00 AM.
03-10-2024 at 09:00 AM.
Quote from mysore99 :
better how? Please explain.
Not federal taxed
Not tied up for 18months (8w bill approx 5.43%)
Backed by US treasury
Easy to do (direct withdrawal/deposit)
Stop at any time

Do an interest ladder with 4w, 8w and 13w bills.

Simple and not tied up in some unknown credit union for 18 months and you're taxed on interest.

Google tbill interest ladder. Been doing it with cash reserves since last year since rates are upward of 5%.
5
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Joined Jan 2011
L5: Journeyman
> bubble2 721 Posts
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mysore99
03-10-2024 at 09:57 AM.
03-10-2024 at 09:57 AM.
Quote from daforcebwithu :
Not federal taxed
Not tied up for 18months (8w bill approx 5.43%)
Backed by US treasury
Easy to do (direct withdrawal/deposit)
Stop at any time

Do an interest ladder with 4w, 8w and 13w bills.

Simple and not tied up in some unknown credit union for 18 months and you're taxed on interest.

Google tbill interest ladder. Been doing it with cash reserves since last year since rates are upward of 5%.
Thanks for the detailed response.
Not to get into an argument with you, but for the benefit of people who may not realize, I would like to point out a few things. (IMHO, of course).


Not federal taxed - Are you sure? (thought Interest income from Treasury bills, notes and bonds is subject to federal income tax); Please correct me if I am wrong.

Not tied up for 18months - If one expects rates to go down, long term is desirable.

Backed by US treasury - insured upto a limit by NCUA/FDIC

Easy to do - not much of an effort here
Reply

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Joined May 2006
L2: Beginner
> bubble2 93 Posts
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laplas
03-10-2024 at 11:41 AM.
03-10-2024 at 11:41 AM.
Interest income from Treasury securities is subject to federal income tax but exempt from state and local taxes.


Quote from mysore99 :
Thanks for the detailed response.
Not to get into an argument with you, but for the benefit of people who may not realize, I would like to point out a few things. (IMHO, of course).


Not federal taxed - Are you sure? (thought Interest income from Treasury bills, notes and bonds is subject to federal income tax); Please correct me if I am wrong.

Not tied up for 18months - If one expects rates to go down, long term is desirable.

Backed by US treasury - insured upto a limit by NCUA/FDIC

Easy to do - not much of an effort here
Reply
Joined Oct 2003
L9: Master
> bubble2 5,571 Posts
1,530 Reputation
RowdyReptile
03-10-2024 at 12:48 PM.
03-10-2024 at 12:48 PM.
It says "A penalty will be imposed for early withdrawal of any principal amount." but it doesn't say what penalty.

For comparison, CIBC has a 13-mo CD at 5.36% (only a tiny bit below this 5.4% on amounts under $75k) with just a 30-day interest penalty for early withdrawal. So if there's a chance you'll need access to those funds earlier, CIBC may be a better choice.
https://us.cibc.com/en/agility/ce...posit.html
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Last edited by RowdyReptile March 10, 2024 at 12:54 PM.
Joined Mar 2007
L5: Journeyman
> bubble2 689 Posts
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daforcebwithu
03-10-2024 at 02:57 PM.
03-10-2024 at 02:57 PM.
Quote from laplas :
Interest income from Treasury securities is subject to federal income tax but exempt from state and local taxes.
Correct, fed taxed but not state. My apologies.
Reply
Joined Feb 2019
L3: Novice
> bubble2 240 Posts
34 Reputation
MyndFX
03-11-2024 at 12:30 AM.
03-11-2024 at 12:30 AM.
Are these CDs callable? As stated before, laddered TBills are municipal and state tax excepted, and if you buy through a brokerage like Fidelity, they're more liquid.

For what it's worth , I maintain an account at Allegiant
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Joined Nov 2012
L2: Beginner
> bubble2 72 Posts
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Aaron6970
03-11-2024 at 09:14 AM.
03-11-2024 at 09:14 AM.
Why bother with a CD when money market ETFs >5% ?
2
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Joined Sep 2007
L5: Journeyman
> bubble2 697 Posts
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SlickPat
03-11-2024 at 09:36 AM.
03-11-2024 at 09:36 AM.
Quote from swooshrc :
This is a variable term rate too.

12 months to 17 months: 5.40%

Also a good one:
18 months to 23 months: 5:30% (I opened this in a Jumbo, so 5.35% @ 23-months. Daughter's college fund and wanted to make sure I didn't spend it)

Can you please explain what is variable term rate?
12-17 mths - does it means if I can change my term from 12 to 17 mths as if it is a 17 mth cd at 5.45%apy?

Thank you!
Reply
Joined Nov 2008
L5: Journeyman
> bubble2 575 Posts
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WhoCares1901
03-11-2024 at 10:26 AM.
03-11-2024 at 10:26 AM.
Quote from seeyoucme :
Are they good bank? I am thinking to put a CDs with them?
They're a good credit union, but their staunch refusal to stay competitive in the high yield savings account sector made me transfer most of my savings to CIT Bank (3.10% vs 5.05%)
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Joined Dec 2004
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duvet
03-11-2024 at 10:28 AM.
03-11-2024 at 10:28 AM.
Quote from mysore99 :
better how? Please explain.
You can get the same rate, or better, and not have your money tied up for a long period of time. You can choose investments for as short as 4 weeks.

Currently, a 4 week treasury is going for a around 5.4%.

https://www.treasurydirect.gov/au...a-results/
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