Alliant Credit Union is still pushing for competitive money in the bank deals through their certificate of deposit programs. The current interest rates are as follows:

12 – 17 months up to $25,000 2.00% APY
36 – 47 months up to $25,000 2.50% APY
48 – 60 months up to $25,000 3.00% APY

The top cd rates will be 10 basis points higher if you put in more than $25,000 into your certificate of deposit account. These highest cd rates are also available as Traditiona, Roth, and SEP IRA. Minimum balance to open an account is $1,000.

Interested consumers can enjoy the best cd rates by opening an account online, visiting a branch, or by opening an account over the phone. You need to be a member of the credit union with at least a $5 balance in your savings account to be eligible to open the CD. IRA accounts cannot be opened online.

The cd rates will be locked when you open the account. You can fund the account via ACH or transfer money through wire from your external account. You can also send a check via FedEx if you want to send your money overnight. You can find the address and routing number of the credit union on their website.

Interest rates are compounded on a monthly basis. Account holders can opt to withdraw the dividends of the CD without getting any penalty. You have to take note though that partial withdrawals are not allowed. The credit union gives you a 10-day grace period upon maturity of the CD.

You can have a joint owner or elect a beneficiary when you open an Alliant certificate of deposit.

Membership

The Alliant Credit Union welcomes members of the national and local PTA. The National PTA collects $25 for a membership fee. Your local PTA may cost less when you sign up.

Some of our readers have reported that the credit union did a hard credit inquiry when they signed up.

About the Credit Union

Alliant Credit Union has received commendations for their excellent customer service. Their CSRs answer the phone quickly and provide very helpful information. They are ready to answer your questions 24×7.

The credit union has offices in Elk Grove Township, Des Plaines, and Chicago, Illinois. They also have branches in Virginia, California, and Colorado.

Based on the June 2009 data of BauerFinancial, Alliant Credit Union is rated 5 stars for excellent performance. Bankrate.com however gives a 3 star rating for its soundness and safety. It is a large organization with about $6.13 billion in assets.

Alliant Credit Union is covered by the NCUA under charter number 67955.