Alliant Credit Union is offering significant returns for both short and medium-term investments in their enhanced Certificate of Deposit (CD) products.
They have recently announced an increase in their CD rates, with their 18-23 month CD now yielding a competitive 5.35% APY for deposits of $75k and above, and 5.30% APY for a minimum deposit of $1k.
Additionally, their 12-17 month CD rate has been bumped up to an even more attractive 5.45% APY for higher deposits ($75k minimum) and 5.40% APY for a minimum deposit of $1k.
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Alliant CU CD Rate Details
Alliant Credit Union has recently enhanced its Certificate of Deposit (CD) offerings, introducing highly competitive rates that are capturing the attention of savers and investors.
Specifically, their 18-23 month CD now boasts an attractive 5.35% Annual Percentage Yield (APY) for deposits of $75,000 or more, and a solid 5.30% APY for a minimum deposit of just $1,000.
Furthermore, they have raised the stakes with their 12-17 month CD, offering an impressive 5.45% APY for the higher deposit bracket and 5.40% APY for the lower tier.
These tiered rates cater to a wide range of financial capabilities, making high-yield savings accessible to more people.
What makes these CDs particularly appealing is Alliant’s commitment to flexibility and inclusivity, with easy membership requirements that open doors for nearly any U.S. citizen or permanent resident alien.
The tiered rate structure ensures that both small and large investors benefit from these competitive rates, making it an inclusive opportunity for most savers.
About Alliant Credit Union
Alliant Credit Union, renowned for its member-centric approach, is a leading financial institution with a legacy of offering innovative and competitive financial products.
Founded in 1935, originally for United Airlines employees, Alliant has since expanded its membership to include a diverse array of communities, companies, and organizations nationwide, making it one of the largest credit unions in the United States.
Known for its high-yield savings options, low-fee checking accounts, and attractive loan rates, Alliant blends the personalized service of a credit union with the robust offerings of a major bank.
Membership Requirements
The ease of membership requirements further adds to the allure of these CD rates.
Almost any U.S. citizen or permanent resident alien with a valid Social Security number or an unexpired ITIN can join Alliant Credit Union.
This inclusivity is further enhanced by various pathways to membership, including residency in specific communities, employment with qualifying companies, affiliation with certain organizations, or a familial relationship with a current member.
Moreover, the process of joining Alliant and opening a Share CD is streamlined and can be done online, via mail, or by phone, offering convenience and accessibility. The credit union’s move towards digital banking, with the closure of its limited-access and full-service branches, aligns with the growing trend of online financial management. However, this digital transition might be a consideration for those who prefer in-person banking experiences.
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My Take
In summary, Alliant Credit Union’s boosted CD rates offer an attractive option for both short and medium-term savers. With competitive rates, easy membership requirements, and the convenience of digital banking, Alliant Credit Union stands as a noteworthy choice for individuals seeking to optimize their savings and investment strategies.
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