Sunday, February 23, 2025

Top 5 This Week

Related Posts

October 2024 Alliant CU CD Rates

Our Dedication to Transparency

The GOBankingRates editorial team is devoted to providing you with honest and impartial reviews. Through using a data-driven approach, we assess financial products and services independently from advertisers’ influence. Discover our editorial guidelines and product evaluation techniques.

Icon representing expertise over two decades

20 Years
Assisting You in Achieving Financial Success

Icon indicating expert reviews with trust
Logo symbolizing trusted by millions

Trusted by
Millions Worldwide

Diving into the competitive landscape of certificate deposit rates, Alliant Credit Union CD rates for October 2024 offer an exceptional opportunity for savers seeking competitive returns. Featuring a digital banking experience that enhances convenience, Alliant caters to those who appreciate both attractive CD rates and user-friendly service. Stay with us as we unravel the terms of these advantageous CD offerings and any related specifics.

Explore Alliant Credit Union CD Offerings

Alliant Credit Union presents various CD options, akin to their “share certificates”. Whether you’re choosing standard or jumbo, or establishing an IRA certificate, each requires distinct conditions. Remarkably, their IRA certificate rates mirror those of their standard options.

Comparing Alliant’s CD Rates: Up-Close

Get a detailed perspective on Alliant Credit Union‘s CD rates, especially the standard CD terms:

CD TermAPY
3 months
6 months
12 months
18 months
24 months
36 months
48 months
60 months

Complementing standard certificates, Alliant offers jumbo certificates for deposits of $75,000 or more, promising superior returns. The chart below illustrates Alliant Credit Union CD rates for jumbos:

CD TermAPY
3 months
6 months
12 months
18 months
24 months
36 months
48 months
60 months

In-Depth Look at Alliant CD Conditions

Aside from competitive rates, key to selecting a CD is understanding investment conditions—such as deposit prerequisites and early withdrawal implications. Below is a concise summary of what to expect from Alliant Credit Union CDs:

FeatureDetails
Minimum opening deposit-$1,000 for share certificate and IRA certificate
-$75,000 for jumbo share certificate and jumbo IRA certificate
Term lengths3 months to 5 years
Compounding scheduleMonthly
Early withdrawal penalty-For terms of 17 months or less, the early withdrawal penalty is equal to the number of days the CD was open, up to 90 days of dividends.
-For terms of 18 to 23 months, the early withdrawal penalty is equal to the number of days the CD was open, up to 120 days of dividends.
-For terms of 24 to 48 or 60 months, the early withdrawal penalty is equal to the number of days the CD was open, up to 180 days of dividends.
Grace period for penalty-free withdrawals after renewal7 calendar days

Assessing Alliant CD Pros & Cons

As with any financial tool, there are upsides and challenges with Alliant’s CDs:

Pros

  • Competitive interest rates on CDs
  • Simple process to join the credit union

Cons

  • Higher minimum deposits required
  • Membership necessary to access offerings

Alliant Credit Union CD Rates: A Comparative View

National averages indicate a 12-month CD rate of about 1.88%. However, Alliant’s APYs, such as their rate, are enticingly superior.

For comparison, Chase provides a 12-month CD rate significantly lesser than Alliant’s. Banks emphasizing online services, like BMO Alto, boast deals luring higher APYs on both 6-month and 12-month CDs.

Who Benefits Most from Alliant Credit Union CDs?

Savers searching for favorable CD returns and low-cost membership initiation will find Alliant appealing. As access is available widely across the U.S., becoming a member is straightforward. Conversely, those averse to credit union membership may explore alternatives.

For additional options, peruse the best CD rates around.

Steps to Open an Alliant Credit Union CD

Begin your Alliant CD journey by joining their credit union. While there are several membership avenues, anyone can opt into the Alliant Credit Union Foundation. Post-membership, you can initiate and establish a CD account.

Ensure you have available: name, Social Security number, email, mailing address, date of birth, phone number, and account details for your deposits, starting at $1,000 for regular CDs or $75,000 for jumbo types.

Additional Products From Alliant

The array of Alliant Credit Union extends beyond CDs, presenting members further options:

  • High-Rate Savings: With balances as low as $100, their high-yield savings accounts assure current APY benefits, offering access to money at will without fees, adding a flexible option to savings plans.
  • High-Rate Checking: Featuring an interest-laden checking account absent monthly fees. A worthwhile consideration for those valuing seamless bonus earnings on active balances.

Conclusion: Alliant’s Appeal

Member-friendly entry provisions and competitive CD rates characterize Alliant’s allure. With a mere $1,000 accessible for standard CDs, they are a noteworthy option for capitalizing on uplifting APYs. Those weary of credit union constraints might consider other avenues.

Your CD Rate Questions, Answered

  • Which bank offers the highest CD interest rate?
    • Currently, Alliant Credit Union leads with a 4.30% APY on their 12-month CDs. BMO Alto follows suit, attracting investors with competitive rates of 4.50% APY on shorter 6-month term CDs.
  • How can I find a 5% CD rate?
    • To secure a 5% APY, look towards institutions like Bread Savings and Bask Bank, who occasionally promote these rates on popular 12-month CD products.

Please be informed that rates fluctuate. All financial data accurate as of October 14, 2024.

Editorial Notice: This content is independent of any financial entity mentioned herein. Expressed views or assessments are solely those of the author.

Collaborating rigorously, our experts ensure all data provided is factual and reliable. We cross-check every claim with primary, trustworthy resources, adhering to GOBankingRates’ editorial standards.

Click Here For More Personal Finance tips and strategies.

Discover more from Make Money Online and Work From Anywhere

Subscribe to get the latest posts sent to your email.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular Articles

Discover more from Make Money Online and Work From Anywhere

Subscribe now to keep reading and get access to the full archive.

Continue reading