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Alliant Credit Union CDs Expired

Up to 5.45% APY
+30 Deal Score
40,671 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
40,671 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 Apr 2017
L3: Novice
> bubble2 181 Posts
109 Reputation
polojeansco
03-11-2024 at 12:40 PM.
03-11-2024 at 12:40 PM.
Quote from SociableGazelle8289 :
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
Cash back up to 10000 spend, then 1.5
1
Reply
Joined Nov 2011
L6: Expert
> bubble2 1,328 Posts
120 Reputation
DrumTek
03-11-2024 at 12:43 PM.
03-11-2024 at 12:43 PM.
Do you need to be a member of this credit union to open a cd?
Reply
Joined May 2016
New User
> bubble2 2 Posts
18 Reputation
cloakop
03-11-2024 at 12:44 PM.
03-11-2024 at 12:44 PM.
I'd like to add to the support for Alliant. Been with them for 15 years and only had one small issue the whole time. Great app, good to know you're supporting the community with a credit union instead of a big bank, and great customer service.
Reply
Joined Aug 2014
L2: Beginner
> bubble2 35 Posts
11 Reputation
pinenkuo
03-11-2024 at 12:52 PM.
03-11-2024 at 12:52 PM.
Been a member of Alliant Credit Union for over 10 years. Love it!
Reply
Joined May 2020
L3: Novice
> bubble2 243 Posts
103 Reputation
SplendidStar8372
03-11-2024 at 12:56 PM.
03-11-2024 at 12:56 PM.
Quote from duvet :
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/
These are the correct answers. These CD's are only a good deal if you ignore T-Bills.
2
Reply
Joined Jan 2020
New User
> bubble2 15 Posts
10 Reputation
Tonetoner
03-11-2024 at 12:57 PM.
03-11-2024 at 12:57 PM.
Why would you do this when you can go to Wealthfront for 5.0 and not lock up your money??
Reply
Joined Jul 2009
L6: Expert
> bubble2 1,508 Posts
289 Reputation
Rawimpact
03-11-2024 at 01:32 PM.
03-11-2024 at 01:32 PM.
Quote from Tonetoner :
Why would you do this when you can go to Wealthfront for 5.0 and not lock up your money??
because it gives you a guaranteed return for 12months...
Reply

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Joined Dec 2007
L6: Expert
> bubble2 1,009 Posts
507 Reputation
crablover2
03-11-2024 at 02:20 PM.
03-11-2024 at 02:20 PM.
Quote from DrumTek :
Do you need to be a member of this credit union to open a cd?
I would assume so. In general you'll need to open the basic member savings account (something like that). At least that has been my experience with all the credit unions I've dealt with in the past (I am not an Alliant customer though, so can't speak directly for them). I mostly use brick & mortar credit unions, and have found them to be pretty good though diff ones are better at diff things.
Reply
Joined Jun 2017
L2: Beginner
> bubble2 27 Posts
10 Reputation
Megalomaster
03-11-2024 at 02:29 PM.
03-11-2024 at 02:29 PM.
They are my primary bank and are great. I get fee-free ATM withdrawals at any 7-11 or credit union that has a "CO-OP" logo on their ATM.
Reply
Joined Jan 2008
deal hunter
> bubble2 1,425 Posts
241 Reputation
chronage
03-11-2024 at 03:53 PM.
03-11-2024 at 03:53 PM.
I pulled my money out of Alliant savings account recently. They've been dropping savings rates steadily. Better rates (like a full point higher) from Discover, Cap One or simply a Fidelity money market fund. Otherwise no problems with them in 10 years.
Reply
Joined Dec 2007
L8: Grand Teacher
> bubble2 3,523 Posts
592 Reputation
iahawks550
03-11-2024 at 04:15 PM.
03-11-2024 at 04:15 PM.
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
Everything but the bolded makes sense. They are absolutely taxed. There is even an option for witholding
Reply
Joined Mar 2005
L9: Master
> bubble2 4,535 Posts
623 Reputation
thegman230
03-11-2024 at 04:25 PM.
03-11-2024 at 04:25 PM.
How to add beneficiaries?

Edit, after account is open there is an option to add
Reply
Last edited by thegman230 March 11, 2024 at 04:38 PM.
Joined Oct 2010
L6: Expert
> bubble2 1,113 Posts
35 Reputation
p_goodsales
03-11-2024 at 04:33 PM.
03-11-2024 at 04:33 PM.
Have some decent money. Should I open this CD or buy bitcoin? Looking only for 1 year and want it out.
Reply
Joined Mar 2005
L9: Master
> bubble2 4,535 Posts
623 Reputation
thegman230
03-11-2024 at 04:46 PM.
03-11-2024 at 04:46 PM.
Quote from p_goodsales :
Have some decent money. Should I open this CD or buy bitcoin? Looking only for 1 year and want it out.
You have to be nutz to buy Bitcoin with how volatile that market is.
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Joined Jan 2004
L10: Grand Master
> bubble2 17,779 Posts
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LivninSC
03-11-2024 at 04:50 PM.
03-11-2024 at 04:50 PM.
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
Why aren't people talking more about this!? EEK!

If you expect rates to go down being able to lock in a good rate, with an extremely short early withdrawl penalty seems like a no brainer. Only thing that sucks is vs the T-Bill you gotta pay state income tax but that may be worth it if/when the rates drop.

Can anyone find their max transfer limit (whether it be daily or monthly)?
Reply
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