As it did in 2019, Alliant Credit Union ranks as America’s best credit union in Bankrate’s annual analysis. There are several reasons why this Chicago-based credit union remains at the top of the list.
Yields are relatively competitive on a consistent basis. The credit union’s High-Rate savings account currently pays 1.65 percent APY. You’ll just need $5 to open the account (but Alliant offers to pay it on members’ behalf). A relatively low minimum deposit requirement of $1,000 makes its certificates accessible to more savers and terms range from 12 months to five years.
Alliant’s High-Rate checking account pays 0.45 percent APY and there are no monthly service fees or minimum balance requirements. Members who use an out-of-network ATM can be reimbursed fees of up to $20 per month.
The credit union also receives high marks for its digital features and mobile app, which scores 4.7 in Apple’s App Store and 4.4 in the Google Play store.