Alliant Credit Union Review 2020

Published January 2020 by Lance Davis

AT A GLANCE
4.6
  • start icon
  • start icon
  • start icon
  • start icon
  • start icon
  • start icon
  • start icon
  • start icon
  • start icon
  • start icon

Bankrate Score

bank-logo

ATM fee refunds

High APYs

Alliant Credit Union is ideal for eligible customers who want a range of high-yielding product options and to minimize fees. Alliant makes it easy to become a member despite its status as a credit union.

  • Savings
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    4.4
  • CDs
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    4.3
  • Checking
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    4.6
  • MORE HIGH-YIELD OPTIONS
    MORE HIGH-YIELD OPTIONS
    BMO Harris Bank

    Member FDIC

    MMA

    1.95 % APY

    $ 5,000

    Min. balance for APY

    Goldman Sachs Bank USA

    Member FDIC

    Savings account

    1.70 % APY

    $ 0

    Min. balance for APY

    Goldman Sachs Bank USA

    Member FDIC

    CD

    2.15 % APY

    1 yr

    Term

    $ 500

    Min. deposit

    Overall

    4.6

    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon

    Bankrate Score

    Alliant Credit Union is a Chicago-based, NCUA-insured credit union dating back to 1935.

    What we like

    • The savings accounts, checking accounts and CDs offer competitive yields.

    • Alliant offers surcharge-free access to over 80,000 ATMs.

    • The credit union has manageable membership requirements.

    What we don't

    • The credit union doesn’t offer peer-to-peer payments.

    • Checking account overdraft fees are $25 apiece.

    Savings accounts

    4.4

    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon

    Bankrate Score

    OTHER SAVINGS OFFERS YOU MAY LIKE
    Goldman Sachs Bank USA

    Member FDIC

    Savings account

    1.70 % APY

    $ 0

    Min. balance for APY

    What we like

    What we don't

    CD rates

    4.3

    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon

    Bankrate Score

    OTHER CD OFFERS YOU MAY LIKE
    Goldman Sachs Bank USA

    Member FDIC

    CD

    2.15 % APY

    1 yr

    Term

    $ 500

    Min. deposit

    Alliant offers a range of CD term lengths, and all of them carry high APYs. Customers can choose from CD terms ranging from 12 months to 60 months and APYs ranging from 1.9 percent to 2.05 percent.

    All CDs require $1,000 to open.

    What we like

    • CD yields are competitive compared with the typical account.

    • The credit union offers term lengths ranging from 12 to 60 months.

    • You need only $1,000 to open a CD.

    What we don't

    • While APYs are high, they aren’t the absolute best if that’s important to you.

    Checking accounts

    4.6

    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon
    • start icon

    Bankrate Score

    OTHER CHECKING OFFERS YOU MAY LIKE
    Simple

    Member FDIC

    Checking account

    1.75 % APY

    $ 0

    To open

    $ 0

    To avoid fees

    Alliant offers its High-Rate Checking account, which pays 0.45 percent APY. It has no monthly service fee or minimum balance requirement. Customers who open this account will get a free Visa debit card and first box of checks. Non-sufficient funds fees are $25 apiece.

    The credit union offers access to over 80,000 surcharge-free ATMs and also offers rebates of up $20 per month for out-of-network ATM use.

    What we like

    • The High-Rate Checking account pays 0.45 percent APY.

    • It has no monthly service fee or minimum balance requirement.

    • The credit union offers access to 80,000 surcharge-free ATMs and $20 in monthly rebates.

    What we don't

    • The credit union doesn’t offer peer-to-peer payments.

    • Overdraft fees are $25 apiece.

    Bank experience

    Alliant is easy to join despite its status as a credit union. If you don’t meet specific criteria listed on its website, you can become a member of Foster Care to Success (FC2S) to become eligible for Alliant membership. Alliant will pay a $5 membership fee to FC2S on your behalf.

    Alliant offers highly rated mobile apps on Android (4.5) and iOS devices (4.7). The app allows you to deposit checks, transfer money between accounts, pay monthly bills and track your finances with a personal financial management tool.

    The credit union has a phone number you can call 24/7 for emergency issues. You can also send Alliant a message online and wait for them to respond through email.

    About Alliant Credit Union

    Alliant Credit Union is a Chicago-based, NCUA-insured credit union dating back to 1935. It's ideal for eligible customers who want a range of high-yielding product options and to minimize fees. Alliant makes it easy to become a member despite its status as a credit union.

    Lance Davis Twitter Created with Sketch. @LRD0015

    Lance Davis Twitter Created with Sketch. @LRD0015

    Lance Davis is the editorial director for Bankrate.com. Lance sets the vision and strategy for the editorial team to ensure Bankrate helps its readers make smarter personal finance decisions. Previously, he worked as the optimization editor, as well as the social media and newsletter editor. He joined Bankrate as a copy editor in November 2013. Lance is an Alabama native and graduated from Auburn University with a bachelor's degree in journalism.