Best Interest Rates of Alliant Credit Union’s Savings account still pegged at 2.00% for the rest of 2009
We received confirmation that the high yield savings account of Alliant Credit Union will keep its high interest rate of 2.00% for the rest of December 2009. The board of directors of the credit union usually sits on this during their mid-month sessions to approve the interest rates for next month.
The high yield savings account asks for an initial deposit of $5 and only $100 to qualify for the current interest rate of 2.00% APY. The savings account also does not set any line for the maximum funding.
The ACH transfer service of the bank is more flexible compared to what account holders can do back in 2008. Instead of the $10K per day limit the credit union now imposes a variable maximum for ACH transfers. The limit will depend on the length of membership of the account holder, average of daily balance, loans, and the standing of the member with the credit union.
Interested members can open an account online via a platform provided by Andera. The savings account can be a single or a joint account. Account holders can also nominate beneficiaries of the savings account. You can check out their fees schedule to know what factors might affect your earnings. You can also contact the credit union through 800-328-1935.
You can also get the Convenience Card with your savings account. You can use this at ATM networks affiliated with the credit union. You need to fill up a separate application for this on the page of regular savings on their website.
Membership to the credit union is open for national or local PTA members. You can check out your local PTA’s website for any membership fees involved which may be lower than what the national association collects. The National PTA collects $25 for membership.
We received reports that Alliant Credit Union does a hard credit pull during application. They do it through Equifax. Some of our readers have commended the group for a very good customer service which is available 24/7.
The credit union has branches in Township, Elk Grove, Des Plaines, and Chicago, Illinois. They also operate in Virginia, California, and Colorado.
BauerFinancial gave Alliant 5 stars in terms of performance but Bankrate.com issued only 3 stars. These ratings were based on their June 2009 data. The credit union has a declared asset amounting to $6.3 billion. It is covered by the NCUA through its charter 67955.
You can be earning hundreds or even thousands of dollars a year in CD investments, money market, and cash back credit cards. Subscribe to our free newsletter below to learn how to maximize your rewards, improve your credit, and make money!
