Updated
Alliant Credit Union CD rates offer competitive rates across a variety of terms. Those who hope to grow their wealth over time without risking it in the stock market may want to take a closer look at Alliant Credit Union CDs. To help you decide if they're right for you, we'll check out the latest Alliant Credit Union CD rates and more in the review below.
Alliant Credit Union CDs for 2024
Rates as of April 25, 2024
APY = Annual Percentage Yield
Alliant CD
Bottom Line
Alliant offers CD rates across common terms that stack up well with other banks on this list. The credit union's rates hold up better than most though over the longer terms, so for savers interested in locking in rates for multiple years, Alliant could be a good home for your money. Note that the minimum of $1,000 is on the higher end for this list.
MINIMUM DEPOSIT $1,000
| 6 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 2 Yr. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY |
|---|---|---|---|---|---|---|
| 4.75% | 5.15% | 4.90% | 4.30% | 4.20% | 4.05% | 4.00% |
Compare Alliant Credit Union CD rates
Alliant Credit Union's certificate of deposit (CD) rates are pretty competitive, especially for shorter term lengths. Here's a closer look at how they stack up to some of the credit union's top competitors.
Rates as of April 25, 2024
| Bank & CD Offer | APY | Term | Min. Deposit | Next Steps |
|---|---|---|---|---|
Member FDIC.
| APY: 5.10% | Term: 10 Months | Min. Deposit: $0 | |
Member FDIC.
| APY: 4.70% | Term: 1 Year | Min. Deposit: $2,500 | |
| APY: 5.05% | Term: 1 Year | Min. Deposit: $1 | |
|
| APY: 5.15% | Term: 9 Months | Min. Deposit: $1 | |
Member FDIC.
| APY: 4.75% | Term: 1 Year | Min. Deposit: $500 |
Alliant Credit Union CD review
Alliant Credit Union offers a single type of standard CD, which it refers to simply as certificates. Here's a closer look at them.
Alliant Credit Union Certificates
Pros
- Variety of term lengths
- Competitive rates, especially on short-term CDs
- Funds are FDIC insured
- Dividend Withdrawal option
Cons
- Minimum deposit is steeper than some of its competitors
Alliant Credit Union offers all major CD term lengths, with options ranging from three months to five years. Rates on all accounts are in line with what many competitors offer. CD laddering is a possibility for those interested in this, but only for those who are able to spare a few thousand dollars to comply with the $1,000 minimum opening deposit requirement.
Other Alliant Credit Union CD accounts
Alliant Credit Union also offers the following types of CD accounts:
- Jumbo CDs
- Traditional IRA CD
- Roth IRA CD
- SEP IRA CD
Bottom line: Alliant Credit Union CD rates
Keep reading about Alliant Credit Union:
- Alliant Credit Union Ultimate Opportunity Savings
- Alliant High Rate Checking
- Alliant High-Rate Savings
Our CDs methodology
At The Motley Fool Ascent, certificates of deposit (CDs) are rated on a scale of one to five stars, primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.
Learn more about how The Motley Fool Ascent rates bank accounts.
FAQs
-
Alliant Credit Union CDs are a good fit for those with at least $1,000 to spare who hope to earn a competitive rate on their funds. Term lengths range from three months to five years, so there are plenty of options to suit all sorts of timelines.
-
Alliant Credit Union CDs offer competitive rates and they also have a Dividend Withdrawal option. This is rare and it enables you to access the dividends you've earned before the end of the CD term. You can also choose to reinvest the dividends to earn even more in interest.
-
Alliant Credit Union CDs could be a good investment if you don't plan to use your money for the length of the CD term. There are options as short as three months for those who aren't comfortable locking their money away for years.
Our Banking Expert
Kailey Hagen has been writing about small businesses and finance for almost 10 years, with her work appearing on USA Today, CNN Money, Fox Business, and MSN Money. She specializes in personal and business bank accounts and software for small to medium-size businesses. She lives on what's almost a farm in northern Wisconsin with her husband and three dogs.
Share This Page
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. Kailey Hagen has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group. The Motley Fool recommends Discover Financial Services. The Motley Fool has a disclosure policy.