The Alliant Credit Union continues to offer competitive interest rate for their best savings account at 2.00% APY. According to their customer service line the best interest rate is expected to last through September. So you can still take advantage of this money in the bank deal.

The savings account interest rates have been on a down hill trend but the current interest rates are very attractive when you compare it to the rest of the market offerings.

The bank only requires an initial deposit of $5 for this savings account. There is no limit in terms of how much you want to put into this deposit account.

The earnings of the high interest savings account are credited to your account on monthly basis if you maintain on average $100 or more.

The ACH transfer to transfer funds bank to bank online are free of charge. The transfers are limited to $10K but some consumers report that this has been increased to $25K. You can also link as many accounts that you need to link with your Alliant Credit Union account.

Membership to the Alliant Credit Union is open for the members of PTA whether national or local. The National PTA collects a $25 membership fee.

Some members have reported a hard credit pull done through Equifax upon application. Better confirm with the credit union in case you are trying to take extra care of your credit score.

Alliant has been commended for having a good customer service. The phones are answered promptly and their reps provide useful info. They also have a 24×7 line to help you out with your needs.

Alliant Credit Union was formerly known as the United Airlines Employees Credit Union. They have offices in Des Plaines, Chicago, and Elk Grove Township. They also have branches in Virginia, California, and Colorado.

BauerFinancial and banrate.com gave favorable reviews for the credit union. The former issued 5 stars while the latter gave 3 stars when they evaluated its performance using their March 2009 data. Alliant Credit Union is listed with the NCUA under charter number 67955.