Alliant Credit Union
Alliant Credit Union
A financial institution of the future—one that connects you to the world without losing touch with your neighbors, your own family, and the people and places you know and trust. Alliant Credit Union's award-winning digital innovations help deliver lower interest rates, better service, and greater transparency that is saving the average member $6,600 annually.
Laura Grace Tarpley is an editor at Insider, responsible for banking and mortgage coverage on Personal Finance Insider. She covers mortgage rates, refinance rates, lenders, bank accounts, and borrowing and savings tips. She is also a Certified Educator in Personal Finance (CEPF). Before joining the Insider team, she was a freelance finance writer for companies like SoFi and The Penny Hoarder, as well as an editor at FluentU. You can reach Laura Grace at email@example.com. Learn more about how Personal Finance Insider chooses, rates, and covers financial products and services »
High-Rate Checking. This checking account offers 0.25% APY without monthly service fees or minimum balance requirements. You must make at least one electronic deposit per month in order to earn interest on your balance; that deposit can be a direct or payroll deposit, an ATM or mobile deposit or a transfer from another financial institution. It comes with a Visa debit card and is eligible for free overdraft protection when you link an Alliant savings account. Checking dividends are paid on the last day of the month. (Source: www.forbes.com)
Supplemental Savings. Once you have a High-Rate Savings account with Alliant, you can open up to 19 supplemental accounts. You can name these accounts for your savings goals, and each one earns the same APY as your main high-yield savings account. You must keep at least $5 in each savings account to maintain it, and the minimum balance of $100 in order to earn interest applies to each supplemental account.
Kids Savings Accounts. Children age 12 and younger can open their own high-yield savings account as a co-owner with an Alliant-member parent, grandparent or guardian. Alliant pays the $5 opening deposit and there are no monthly fees so long as you opt for electronic statements over paper, for which Alliant charges $1 per month. The account requires a $100 balance to earn the same APY as the High-Rate Savings account. (Source: www.forbes.com)