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Alliant Credit Union CDs Expired

Up to 5.45% APY
+30 Deal Score
40,634 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
40,634 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 2014
L3: Novice
> bubble2 100 Posts
14 Reputation
hahadr
03-16-2024 at 11:06 AM.
03-16-2024 at 11:06 AM.
How easy is it to close the CD when it matures with ACU?
Reply
Joined Aug 2019
L2: Beginner
> bubble2 84 Posts
22 Reputation
OzzieJeff
03-17-2024 at 08:19 AM.
03-17-2024 at 08:19 AM.
Quote from hahadr :
How easy is it to close the CD when it matures with ACU?
I just had a look at the one I opened last Monday, your options are:
1. Renew and select a new term
2. Transfer Balance to Savings Account
3. Withdraw Balance By Check
Reply
Joined Apr 2019
L2: Beginner
> bubble2 44 Posts
10 Reputation
Vinodmadan
03-17-2024 at 08:42 AM.
03-17-2024 at 08:42 AM.
They are not FDIC insured but NCUA insured. Should I be worried
Reply
Joined May 2008
Super Moderator
> bubble2 2,424 Posts
695 Reputation
Global Mod
pur | Staff
03-17-2024 at 08:49 AM.
03-17-2024 at 08:49 AM.
Quote from Vinodmadan :
They are not FDIC insured but NCUA insured. Should I be worried
They are basically the same. But you should probably still be worried laugh out loud
1
Reply
Joined Jul 2004
Hedge Knight
> bubble2 737 Posts
232 Reputation
RiceKnight
03-17-2024 at 08:54 AM.
03-17-2024 at 08:54 AM.
Used to love Alliant. I moved everything out when their rates stopped being remotely competitive.

Their 1 year CD looks good and they are trustworthy, but like others have said, I'd stick to treasuries. This is especially true if you live in a high tax state.
Reply
Joined Aug 2018
New User
> bubble2 4 Posts
10 Reputation
Billy_McSkintos
03-17-2024 at 02:55 PM.
03-17-2024 at 02:55 PM.
Quote from RodrigoJPA :
Anyone with previous experience on a mortgage with them? I was thinking about using them as a lender.

I do, had a good experience. The sold the loan to Dovenmuehle but I can still manage it through Alliant. I use the credit card too. 2.5% on every purchase. Works great for the things we buy.
Reply
Joined Oct 2014
L3: Novice
> bubble2 100 Posts
14 Reputation
hahadr
03-17-2024 at 05:43 PM.
03-17-2024 at 05:43 PM.
Quote from OzzieJeff :
I just had a look at the one I opened last Monday, your options are:
1. Renew and select a new term
2. Transfer Balance to Savings Account
3. Withdraw Balance By Check

Thanks for the info
Reply

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Joined Dec 2011
L6: Expert
> bubble2 1,054 Posts
53 Reputation
shaolinwookie
03-18-2024 at 06:05 AM.
03-18-2024 at 06:05 AM.
Quote from ChillO8033 :
can change tomorrow, that's the difference. not the .25
what can change tomorrow? ufb has only gone up since ive had them
Reply
Joined Aug 2013
L7: Teacher
> bubble2 2,966 Posts
280 Reputation
ChillO8033
03-18-2024 at 06:12 AM.
03-18-2024 at 06:12 AM.
Quote from shaolinwookie :
what can change tomorrow? ufb has only gone up since ive had them

so the rates have been changing? That's the point I made. When the fed cuts rates, ufb will go down. But it's anyone's guess, rate cuts are expected in july
Reply
Joined Dec 2011
L6: Expert
> bubble2 1,054 Posts
53 Reputation
shaolinwookie
03-18-2024 at 06:15 AM.
03-18-2024 at 06:15 AM.
Quote from ChillO8033 :
so the rates have been changing? That's the point I made. When the fed cuts rates, ufb will go down. But it's anyone's guess, rate cuts are expected in july
i see what you mean, does this offer have an expiration?
Reply
Joined Dec 2011
L6: Expert
> bubble2 1,054 Posts
53 Reputation
shaolinwookie
03-18-2024 at 07:29 AM.
03-18-2024 at 07:29 AM.
is this currently the best rate on the market
Reply
Joined Feb 2018
L3: Novice
> bubble2 128 Posts
18 Reputation
Catfish500
03-18-2024 at 12:03 PM.
03-18-2024 at 12:03 PM.
But the 8-week bill at 5.43% is based on a 12-month annual rate. So you have to divide 5.43 by 6.5 (That's how many times 8 weeks goes into a year) to get the true rate if you only hold the money for 8 weeks. So, squatting your money for 8 weeks with a treasury yield is under 1% for those 8 weeks. (.84%).
Reply
Joined Feb 2018
L3: Novice
> bubble2 128 Posts
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Catfish500
03-18-2024 at 12:08 PM.
03-18-2024 at 12:08 PM.
Quote from crablover2 :
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%

Thanks for the good information! That is some pretty sweet savings in those high state income tax areas like California. Even Virginia where I am is over 5%, so the more you save with treasuries, the more you make!! Lol
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Joined Jan 2007
L10: Grand Master
> bubble2 28,289 Posts
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cgigate
03-18-2024 at 06:57 PM.
03-18-2024 at 06:57 PM.
They will be disappeared when they had enough deposits 😕
1
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Joined Dec 2007
L4: Apprentice
> bubble2 397 Posts
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gogovs
03-19-2024 at 08:08 AM.
03-19-2024 at 08:08 AM.
I opened CD with them for 12 months in February. How much time I have to change it to 15 or 17 months? Is it still possible?
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