Alliant Credit Union CD Rates
Alliant Credit Union is a not-for-profit financial institution that offers a variety of financial products and services to its members. One of the products offered by Alliant Credit Union is a certificate of deposit (CD). A CD is a savings account that allows members to deposit a fixed amount of money for a specific period of time, typically ranging from a few months to several years. In return for committing their money for a set period, members can earn a higher interest rate than they would on a traditional savings account.
Alliant Credit Union currently offers a range of CD options with varying terms and interest rates. The minimum deposit for a CD account is $1,000 and the maximum deposit varies depending on the type of CD account. The interest rate on a CD can be fixed or variable, and the term of the CD can range from 12-months to 5 years.
Current CD Rates from Alliant Credit Union
12-month to 17-month CD 4.60%
You can compare Alliant CD rates with the best CD rates listed on MonitorBankRates.
One of the most popular CD options offered by Alliant, which also has the highest CD rate is the 12-month term CD. This option has a minimum deposit of $1,000 and an annual percentage yield (APY) of 4.60%. This APY is subject to change and is based on the credit union's evaluation of market conditions.
Another popular option is the 36-month term CD. This option has a minimum deposit of $1,000 and also has a APY of 4.60%. This APY is also subject to change and is based on the credit union's evaluation of market conditions.
Alliant also offers a 60-month term CD. This option has a minimum deposit of $1,000 and an APY of 4.25%. This APY is subject to change and is based on the credit union's evaluation of market conditions.
Alliant also offers a Jumbo CD option which requires a minimum deposit of $95,000 and has a 60-month term. The APY for this option is currently 0.45%.
The Credit Union also offers a special option of the "Add-on" CD, which allows members to make additional deposits to the CD account at any time during the term. This option is available for terms of 12, 24, 36 and 60 months with the same minimum deposit of $1,000 and the same APY as the standard CD option.
Alliant Credit Union's CD rates are generally competitive with other financial institutions. It is important to note that the rates are subject to change and may fluctuate based on market conditions. Before opening a CD account, members should research and compare the rates and terms of other financial institutions to ensure they are getting the best deal possible.
When opening a CD account with Alliant Credit Union, members should also be aware of the early withdrawal penalties. If a member withdraws money from the CD account before the maturity date, they will be subject to a penalty. The exact amount of the penalty will depend on the term of the CD and the amount of money withdrawn.
In conclusion, Alliant Credit Union offers a variety of CD options with competitive rates and terms. Members should research and compare the rates and terms of other financial institutions before opening a CD account. Additionally, members should be aware of the early withdrawal penalties associated with CD accounts. Overall, CD accounts can be a great way for members to save money and earn a higher interest rate than they would on a traditional savings account.
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