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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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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
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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
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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 Jul 2023
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SociableGazelle8289
03-11-2024 at 10:32 AM.

Our community has rated this post as helpful. If you agree, why not thank SociableGazelle8289

03-11-2024 at 10:32 AM.
Another long time Alliant CU user. Pro Tip: While you are considering Allied membership, consider getting their great 2.5% cash back Visa Signature Credit Card (CC). This thing is one of my go to CCs and it also provides free extended warranties (up to 1 additional year on eligible warranties of 3 years). Other features include: No fees including foreign transactions, Travel Accident Insurance, Auto Rental Collision Damage Waiver. Link:

https://www.alliantcreditunion.or...ature-card
1
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Joined Mar 2010
L3: Novice
> bubble2 261 Posts
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clouser
03-11-2024 at 10:37 AM.
03-11-2024 at 10:37 AM.
Quote from Aaron6970 :
Why bother with a CD when money market ETFs >5% ?

if you think interest rates will go up, invest in treasuries. If you think they are going to go down and you want to lock in a rate for the next 12 to 24 months, buy a CD
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Joined Jul 2009
L3: Novice
> bubble2 133 Posts
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tognab
03-11-2024 at 10:40 AM.
03-11-2024 at 10:40 AM.
I wish they would raise their savings apy. They used to be competitive with the top players but now their rates seem to lag behind.
Reply
Joined Dec 2007
L6: Expert
> bubble2 1,009 Posts
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crablover2
03-11-2024 at 11:16 AM.
03-11-2024 at 11:16 AM.
My 2cents:
For high state/local tax states, having Treasuries be state/local tax free is HUGE. I'm from CA and the state tax rate is ~10%, so that's an automatic bump of 0.5% on rates (rough calculation). I'm doing taxes now, and the savings is very apparent. I'm a total Treasuries convert now. Treasuries come in all durations, but currently the longer you go out, the interest rate decreases. Sweet spot is the shorter ranges, 4wk to maybe 26wk.

Treasuries are backed by the full faith of the US Gov (not FDIC limits). So I am not concerned about Treasuries going bankrupt and not getting all money back. I use the Treasury Direct website. They are not sticky about money like brokerage firms are when buying/paying out (ie they pay out right away when matures to your bank acct on file -- in my case, a day EARLY!) and they take money from your bank acct ON THE ISSUE DAY, NOT THE AUCTION DAY LIKE ALL BROKERAGES to buy near the end of the issue day. You can set up autorenewal up to a year (so like 25 times for the 4wk bills) and you can change that up anytime before auction.

From the Treasury website of last 20 auctions for Bills (took lastest sampling of ea):

Date CUSIP Issue Date Maturity Date Investment Rate
13-Week 912797FS1 03/14/2024 06/13/2024 5.395%
26-Week 912797KK2 03/14/2024 09/12/2024 5.308%
4-Week 912797JM0 03/12/2024 04/09/2024 5.375%
8-Week 912797JV0 03/12/2024 05/07/2024 5.398%
17-Week 912797KN6 03/12/2024 07/09/2024 5.370%
52-Week 912797KA4 02/22/2024 02/20/2025 4.950%
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Last edited by crablover2 March 11, 2024 at 11:33 AM.
Joined May 2013
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druiddation
03-11-2024 at 11:22 AM.
03-11-2024 at 11:22 AM.
Do they allow cc funding on new accounts?
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Joined Feb 2015
L1337: Deal Sniper
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Nytron
03-11-2024 at 11:24 AM.
03-11-2024 at 11:24 AM.
Marcus (Goldman Sachs) has up to 5.5% APY after referral code on their HYSA. No fees, minimums.
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Joined Dec 2007
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> bubble2 1,009 Posts
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crablover2
03-11-2024 at 11:24 AM.
03-11-2024 at 11:24 AM.
Quote from clouser :
if you think interest rates will go up, invest in treasuries. If you think they are going to go down and you want to lock in a rate for the next 12 to 24 months, buy a CD
Are there 24mo CDs that pay a high rate? Most of the higher terms I've seen are all under a year or at any rate, shorter terms. And most places I usually get CDs in the past have been dropping their CD rates (Marcus, Synchrony, Citibank). Citibank had a 5.65% back in Jan!

A 1yr Treasury is roughly 5% plus the state tax savings (so around 5.5% for me in CA). 2yr Treasury is lower in the 4.6x% range, but plus 0.46% CA state tax boost is still about 5%
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Joined Mar 2010
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clouser
03-11-2024 at 11:28 AM.
03-11-2024 at 11:28 AM.
Quote from crablover2 :
Are there 24mo CDs that pay a high rate? Most of the higher terms I've seen are all under a year or at any rate, shorter terms. And most places I usually get CDs in the past have been dropping their CD rates (Marcus, Synchrony, Citibank). Citibank had a 5.65% back in Jan!

A 1yr Treasury is roughly 5% plus the state tax savings (so around 5.5% for me in CA). 2yr Treasury is lower in the 4.6x% range, but plus 0.46% CA state tax boost is still about 5%

saving California state taxes is a bit of a wildcard since your taxes are so high. I opened an 18 month CD at 6% maybe two months ago? I'll probably open a 12 month at 5.4 now.
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Joined Dec 2007
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crablover2
03-11-2024 at 11:30 AM.
03-11-2024 at 11:30 AM.
Quote from Nytron :
Marcus (Goldman Sachs) has up to 5.5% APY after referral code on their HYSA. No fees, minimums.
Marcus' rate is 4.5%. As a NEW referred member, you get a current bonus bump of 1% (used to be 0.5%) on the interest rate FOR 3 MONTHS, making it 5.5% for 3 MONTHS ONLY. Refer-or and Refer-ee both get the 1% 3 month bump. I played that game for a while, it's tiring and not worth it. I had an issue once when they weren't giving me the bump, and it took months for them to come to a non-resolution. Finally someone just petty-cashed me the extra interest. Pretty lame. I'm not a fan of Marcus.
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Joined Nov 2009
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bruce460460
03-11-2024 at 11:52 AM.
03-11-2024 at 11:52 AM.
Quote from RowdyReptile :
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

Found the penalty:

https://www.alliantcreditunion.or...2720#rates

<= 17 month CD = 3 month penalty
18-23 months = 4 month penalty

Definitely agree with your CIBC recommendation!
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Joined Dec 2006
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Cartier
03-11-2024 at 11:53 AM.
03-11-2024 at 11:53 AM.
If you put $1000 into a 5.45% account for 1 year without touching it and no fees, how much will it have in 1 year? $1054.50?
1
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Joined Jul 2006
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fbueller
03-11-2024 at 11:54 AM.
03-11-2024 at 11:54 AM.
Quote from Cartier :
If you put $1000 into a 5.45% account for 1 year without touching it and no fees, how much will it have in 1 year? $1054.50?
Seriously?

https://letmegooglethat.com/?q=ht...Calculator
5
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Joined Apr 2011
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kida182001
03-11-2024 at 12:19 PM.
03-11-2024 at 12:19 PM.
Quote from Cartier :
If you put $1000 into a 5.45% account for 1 year without touching it and no fees, how much will it have in 1 year? $1054.50?

You can use that basic calculation to get a rough estimate, but it's a little more complicated than that if you want the exact amount. The reason is interest gets compounded. For example, each day after you make that initial $1000 deposit, you're earning interest. So each day (or whenever it compounds) the amount is a bit higher than $1000, and you'd be earning 5.45% on the new higher amount, all the way up to 1 year.
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Joined Aug 2007
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jc4jax
03-11-2024 at 12:24 PM.
03-11-2024 at 12:24 PM.
One thing I am curious are these CDs callable?
JPM offers high rate CDs but they are all callable from my research
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Last edited by jc4jax March 11, 2024 at 12:48 PM.

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Joined Dec 2020
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phoshizzlez
03-11-2024 at 12:28 PM.
03-11-2024 at 12:28 PM.
My cd term with Marcus matured at the end of Feb. and I was looking at a high yield cd and found Alliant with one of the better rates at 4.5% with good customer reviews so I moved my money here for a 12 month cd. Only downside is that with Marcus, I was able to close my cd and send the money straight back to my original checking account at Chase. With Alliant, it seems like this is not possible and I have to move it to one of their accounts and then transfer it to Chase after. A few more steps I guess. I feel like rates will go down slightly this year and cd rates will not go higher or even much higher so I locked in for 12 months.
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